Lazard & Associates Inc

What Is
Debt Consolidation?

Debt consolidation is when a person takes out a new loan to pay off a number of smaller loans, debts, or expenses for which they are currently responsible. This basically combines all of these loans into a single loan with a single monthly payment. This is referred to as “consolidating” debts since it involves bringing various loans together and integrating them into one loan.

To combine or consolidate debts, you’ll need to take out a new, larger loan and utilise the proceeds to pay off all of your lesser loans. Smaller loans, credit card balances, overdraft balances, bills, and even payday loans can be paid off with debt consolidation loans. Banks, credit unions, and financial companies offer debt consolidation loans. Interest rates on debt consolidation loans are largely decided by two factors: your credit score and the collateral you can supply as security.

Our Licensed Insolvency trustees at Lazard and associates will evaluate your circumstances and let you know if debt consolidation is the right fit for you.

Lazard & Associates Inc

How Can Debt
Consolidation Help?

You may have sought in all the wrong places for the best debt relief solutions to help you get out of your ever-increasing debt. Before making a final decision, you should allow counselling professionals at Lazard and Associates to provide you with the best guidance possible. We’ll evaluate your circumstances and recommend the best course of action.

Here is what debt consolidation will do for you:

It simplifies your finances. Instead of having many debt payments to keep track of and pay on time every month, you now have only one.

It can save you money by reducing the interest rate and pay off debt faster. It does this by paying off high interest debt with a lower interest rate debt consolidation loan. However, this only works if you obtain a lower interest rate and keep your current monthly debt payment pretty much the same.

There are multiple debt relief options available  in Canada, our experts at Lazard and associates will walk you through your options on your path to regaining your financial freedom.

Our Industry Experience

Why Choose Us?

It can be quite difficult to trust someone with your finances, but when it comes to personal bankruptcy, there’s no one you can trust more than Lazard & Associates. We help you reestablish your credit, pay of your debt and avoid bankruptcy through consumer proposals.

Lazard & Associates Inc

What Our Satisfied Clients Say About Us

Very Professional, Very Understanding and Above All Very Kind Hearted Team! First time I went there I felt like a complete Loser to say the least!!! After discussing in details with Happy-go-Lucky Louise I felt 90% of my anxiety immediately gone! No word of a lie I smiled and laughed all the way home!!”

– Satisfied Client

I found Lazard and Associates to be professional and caring. After getting myself into some serious trouble, I am back on track with their help. Avoiding Bankruptcy and doing a proposal has been very helpful in reestablishing my credit quickly. I have recommended them to friends and family and happy to see that it isn't a cookie cutter approach. They take the time to do what's best for the client.”

– Satisfied Client