Whether You Need $10,000 or $50,000 – Alpine Credits is the Best Alternative for Debt Consolidation in Alberta
Debt Consolidation Loans in Alberta
Debt consolidation is becoming an increasingly popular service in Alberta, research shows that an average Albertan’s debt exceeds that of their counterparts in any other Canadian province.
Alpine Credits has helped thousands of homeowners consolidate debt for over 50 years. We make applying for a debt consolidation loan remarkably easy because we recognize how stressful it is to pay off loans to multiple lenders.
Keep reading to learn more about our services and how they might help you.
Signs You Need Debt Consolidation in Alberta
Wondering whether debt consolidation is a smart choice for you? Here are 5 signs that a debt consolidation is exactly what you need.
This may seem obvious. However, it’s worth pointing out that a large debt burden spread out across numerous loans represents financial trouble in more ways than one. First, keeping your debt disorganized this way makes you more likely to miss payments. It can also have negative effects on your credit because it signals you may be financially tapped out and attempting to juggle the burden by borrowing through multiple lenders. Consolidating your debt, on the other hand, signals you’ve got a plan for getting everything back under control.
When you have multiple loans, it’s crucial to keep track of your payment due dates. Even a single late payment can wreak havoc on your credit score for years to come. One of debt consolidation’s key benefits is that it leaves you with just one monthly payment to worry about. No more waking up in the middle of the night wondering if you’ve missed something!
A soured relationship with lenders can cause significant stress. You’ll find they become inflexible on just about any issue, including those seemingly unrelated to your outstanding balance. Debt consolidation lets you promptly mend (or end, in the case of installment loans) the relationship.
If your credit score was poor when you originally took out the loans, chances are the interest rates are quite high. Even if your credit score hasn’t improved all that much, a debt consolidation loan from Alpine Credits will help you borrow at a lower interest rate.
If you’re serious about improving your financial situation a consolidation loan would help. It could just be the jolt of productive energy you’ve been waiting for!
How Our Debt Consolidation Loans in Alberta Work
In Alberta, creditors have a wide range of powers they can leverage to recover funds from consumers. Thankfully, debt consolidation loans level the playing field, giving ordinary people control over their financial situations. These loans allow you to combine multiple debt burdens, leaving yourself with just one monthly payment on a new schedule of your choosing.
These loans allow you to combine multiple debt burdens, leaving yourself with just one monthly payment on a new schedule of your choosing.
At Alpine Credits, our debt consolidation services come in the form of home equity loans. These loans can be obtained even with bad credit or no income, which separates them from other debt consolidation programs (i.e. those offered by traditional financial institutions). As long as you have equity in your home, you qualify! It’s that simple. Learn more about how our home equity loans work here.
Benefits of Our Debt Consolidation Loans in Alberta
Currently real estate valuations in Alberta are falling due to the province’s unfavourable economic position. This leaves homeowners in a bind, should they sell their homes in an unfavourable market, downsize and use the proceeds to consolidate debt? Enter home equity loans. With them, borrowers retain ownership of their homes while still withdrawing funds from them for pressing needs.
At Alpine Credits, we make applying for a debt consolidation loan incredibly easy. We understand Albertans have been hard-hit by the pandemic and other economic struggles. This reality has left many Albertans unable to meet the high bar Canada’s major traditional banks have set. They expect you to have amazing credit, stable employment, and a debt service ratio below 30%, among other criteria.
At Alpine Credits, we’re primarily concerned about one thing: do you own your home and have enough equity in it to consolidate your desired loans? If the answer is yes, we can typically approve your application within 24 hours and deliver the money straight to your bank account.
Debt consolidation loans from Alpine Credits aren’t just easier to apply for than those offered by traditional banks, they’re also much more flexible in terms of which debt you can consolidate. Traditional institutions typically limit you to consolidating unsecured loans like credit cards. At Alpine Credits, we understand your debt situation may require a bit more nuance. That’s why we let you consolidate just about any debt you want, including car loans.
The big draw with lower interest rates is that they help you slash through debt quite quickly. Even a few percentage points can translate into thousands of dollars saved on a larger balance paid off over the course of several years. That money stays in your pocket, allowing you to spend it on things you actually care about rather than enriching banks.
The ease and speed with which you can acquire a debt consolidation loan in Alberta from Alpine Credits makes it possible to get predatory collection agencies off your back within days. No more panicking every time the phone rings or you see an envelope in your mailbox.
Our home equity loans are structured to protect those with a history of trouble managing debt. For one, they’re installment loans, which prevent you from working against yourself and racking up an additional balance as is possible with revolving credit. We structure our loans this way because we’re focused on helping you manage and eliminate debt.
Contact Alpine Credits to Learn About the Best Debt Consolidation Loans in Alberta
We look forward to helping you get a handle on your finances! Contact us today to begin your application and receive a decision within 24 hours.
Whether you’re looking to consolidate $10,000 or $50,000, our staff is ready to help.
Easy Application – 3 Simple Steps – 24 Hr Approval
Frequently Asked Questions About Debt Consolidation Loans in Alberta
To get out of debt, create an environment in which you can easily make progress towards eliminating your balance. Debt consolidation facilitates that.
Alberta’s Consumer Protection Act and Collection and Debt Repayment Practices Regulation gives creditors (including collection agencies) the legal right to pursue you. They can even sue! If you don’t respond within 20 calendar days, the court will automatically rule against you. Collectors subsequently will have even greater powers to use against you, including garnishing your wages.
In other words, you shouldn’t ignore collection agencies. If you have multiple outstanding balances, consider consolidating them to make repayment easier on yourself.
Many Alberta residents have money tied up in their homes. In other words, they’re house poor.
A home equity loan is a great solution in this situation because it lets consumers tap into their real estate much like they would a liquid investment.
If you qualify for such a loan, you can use it to pay off debt.
Alpine Credits has been the debt consolidation lender of choice for countless Albertans over the past 50 years. Our loans are easy to apply for and come with competitive interest rates.
With Alpine Credits, you can consolidate any debt you’d like! This differs from the policies at traditional financial institutions, which limit you to consolidating unsecured loans.
*Disclosure on “Loan Examples” Above
Alpine Credits’ intent is to always have full disclosure on all of our loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadian home owners an alternative to the banks and credit unions (not a replacement). Typically, you will find our rates to be higher than the banks; however, with this in mind, we are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once we have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with our offer. Thank you for your consideration. We look forward to speaking with you soon.
All of the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary (up or down) based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner) in which the rate in year 2 increases to the prime rate plus 3.75% and the prime rate plus 6.00% for the first and second mortgages respectively. The Cash Advance in all of the loans above represents the net amount of money to be received. The “Gross Amount” for the $100,000 / $300,000 / $25,000 / $50,000 loans in the examples above are $110,500 / $327,900 / $29,500 / $58,140 respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.