Debt consolidation programs often take their fees off the top before they apply money to the borrower's debt.
Not exact matches
When people want to avoid bankruptcy, an alternative they
often consider is a
debt -
consolidation program.
This means that the two types
often can not be combined in one
consolidation program, so repaying college
debts effectively requires them to be separated.
Offering an alternative to credit counseling,
debt consolidation and bankruptcy, the company's
debt relief
program helps clients resolve their unsecured
debt,
often in 24 to 48 months.
Despite offers that sound legitimate, these companies have been the focus of consumer alerts from the Financial Consumer Agency of Canada and
often claim to be part of a government
program, when in fact no such
program or government
debt consolidation loan exists.