When the bills pile up, it’s easy to feel like you’re drowning in numbers and due dates. But, you’re not alone, and Fig Financial is here to help.
What is debt consolidation?
Debt consolidation lets you transfer multiple higher‑interest credit cards or existing loans into one, easy-to-manage payment, giving you peace of mind and a clear path forward.
Debt Consolidation in Canada
In Canada, consolidating debt usually means taking out a new personal loan (or sometimes a balance‑transfer credit card or home‑equity product) to pay off credit card balances, payday loans, and other unsecured debts.
Debt Consolidation may be Right for You if:
You are juggling several minimum payments
You are relying on credit to cover essentials
You are stressing or losing sleep over growing balances
Why is Debt Consolidation Beneficial?
A new debt consolidation loan with a lower fixed rate means that more of your monthly payment goes toward the principal. This allows you to see real progress instead of watching interest pile up.
Credit Consolidation with Fig - A Solution to Debt
Canadians with a credit score in the mid-600s or higher may qualify for a debt-consolidation loan with Fig Financial. This process uses a soft credit check, which will not affect your credit score.
At Fig, we believe money problems shouldn’t come with shame. Our online application takes 10 seconds to get a pre-qualified rate and requires no mountains of paperwork. Every Fig loan features a fixed term, no hidden fees, and the freedom to pay the balance off early without penalties, so you’ll know exactly when you’ll be debt‑free.
Looking to apply? Getting started is simple:
Check your rate on Fig’s website
Upload proof of income and ID through our secure portal
Once approved for a Fig loan, use the funds to wipe out old balances
From there, you make one affordable monthly payment, and we’ll even let you skip a payment once a year if life throws a curveball.
Consolidation is the first step, but staying debt‑free is the real victory. Set up automatic payments, build a small emergency fund, and track your spending weekly. And if you ever need a judgment‑free, human conversation, our team is here to cheer you on.
Ready to replace chaos with clarity?
Check your consolidation rate with Fig Financial today and take the first confident step toward a lighter financial future.
This article is for informational purposes only and is not intended as legal or financial advice.
