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Debt Consolidation in Corner Brook

One Payment at a Time

Sometimes debt consolidation can help with managing your payments. There are a number of things to consider about debt consolidation and in discovering if this is the right path for you.

If you live in Corner Brook and are looking for answers on how to deal with your debts, contact Sean Stack at S.R. Stack & Company Ltd.

Debt consolidation can involve either getting a loan or refinancing a mortgage to pay off other debts.

It is important to know exactly what you are getting when discussing a consolidation loan.

You will want to know:

  • who is lending you the money,
  • what the interest rate is,
  • what the repayment terms are,
  • what happens if you can’t make payments, and
  • what, if any, assets are being ‘pledged’ against the loan.

Sometimes debt consolidation is a solution that works and helps alleviate the stress of having multiple payments to different creditors.

Other times, depending on your situation and what the terms of the loan are, debt consolidation is merely delaying the inevitable.

Contact us today for a free (no commitment) consultation in Corner Brook to see what is the right solution for you.

Did You Know?


Many people who file for bankruptcy get to stay in their home.


In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.


Many people who file for bankruptcy are able to keep their vehicle.


Most bankruptcies are NOT published in the newspaper.


Student loans can be included in a bankruptcy if they are more than seven (7) years old.


A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.


In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]

Is Debt Consolidation Right For You?