Canada-Based Debt Consolidation Companies For Over $10,000


The latest client is looking for Canada based debt consolidation companies that will loan amounts over $10,000 and in fact he is looking for a loan of $25,000. Although he does have some credit card debt at high interest, the primary reason that h is applying for a loan is that he wants to simplify his life and make only one payment a month instead of making several payments.

Currently he pays payments on a personal loan, his car loan and several credit cards which he wants to reduce to one payment only. In the process he is expecting a lower monthly payment and he expects to pay less in total interest as well. He has also asked for a personal loan that allows for additional payments when and if he has additional funds that he can use to pay towards the loan.

His credit rating is actually very good and all that the lenders may require to finalize the deal for his personal loan is copies of his pay stub to demonstrate and confirm his income and possibly copies of his bank statements for several months to confirm his financial information. He does not and did not really tell anything about his job which is prevented by his security arrangement with the government.

His loan application should likely proceed, with no problems what so ever and we anticipate that several lenders may actually be interested in doing business with him. There are actually many people who prefer to have as few monthly payments as possible and do not like the idea of needing to pay for several loans or in this case, credit cards. He will actually save some money by paying a lower interest rate on the credit card debt. The actual amount that he saves will depend on what he is currently paying on his car loan and his personal loan.

DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION

Loan Amount :: $25,000

Loan Application and Processing Speed (when do you need the funds):: within two or three weeks

Do you currently have a mortgage? :: no, just some credit card debt, a car loan and another personal loan

Bank Name and Branch :: Royal Bank of Canada, Sparks street

What City/Town, State and County do you live in? :: Ottawa, Ontario, Canada

Zip ::K4A 3p5

What is your employment field? :: work for the federal government

Employment Position :: CS5, Industry Canada

When are you paid? (monthly/weekly/biweekly):: biweekly

Your credit rating to be – excellent, fair, or bad? :: fair as far as I am aware

How did you find us? :: decided to look for consolidation loans online from debt consolidation companies

How are you paid? (direct deposit/paper check):: EFT – direct deposit

Gross Amount Per Paycheck ::$3000

Do you agree to have this information published online, without your PRIVATE information of course? :: nothing personal and nothing about my job

Extra information here please (some detail):: I need a small debt consolidation loan that I can use to consolidate all of my debt into one loan with one monthly payment.  I really dislike having to make multiple payments to various companies and just want to keep my life simple and make only one payment a month. Currently I have to pay my car loan, which lasts for another two years, I have to pay my credit card debt which I have allowed to get higher than it should be and I have a small personal loan which is another payment that I have to make.

I would like to consolidate all of these debts into one loan and make only one payment a month. Hopefully the amount of interest that I pay will also be less than what I am paying now and the monthly payments will be less as well since I would like to take a loan that is amortized over five years, although longer would be ok as well. I also want the feature of being able to add extra payments from time to time to allow me to pay off the loan more quickly when I have extra cash available.

Note to Lender::  I work for the federal government and unfortunately I cannot tell you anything about my job other than what I make and that I have a permanent status at this job level. They make us sign a security document that does not allow us to disclose anything about what we do including our job title or position.

My credit rating is fair to good and I am sure that you will check this out. The only debts that I have are the ones that I mentioned that I would like to consolidate into one loan. I also must deal with Canada based companies that offer debt consolidation. This is really a personal requirement. I am looking for a competitive interest rate and I would expect that one of your brokers or lenders should be able to find me the best rates and terms available for a loan like mine with fair to good credit ratings and a relatively small amount of $25,000.

Please advise if there is any additional information that I need to provide with the exception about my work situation and what I do on the job. Thank you.

 

Category: Loan APR 4.54% APR 3.59% APR 3.99%
Loan Principal $25,000 $25,000 $25,000
Payment Schedule Monthly Monthly Monthly
Length of Term 4 7 10
Amount to be paid $27,316.86 $28,178.19 $30,028.57
Total interest paid $2,316.86 $3,178.19 $5,028.57
Paid per installment $561.31 $330.86 $246.81

Do You Need A Personal Loan?

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Use the loan application below to start the process. Detail your income and purpose of loan please - lenders do not respond to applicants who don't provide it. Thanks for using BFC!


7 Loan Requests

  1. dennis applied for the following loan:

    Loan: 12000

    Speed: ASAP

    Credit: FAIR

    Location: Vancouver, BC

    Income: I am paid by direct deposit. My net pay per month is $2300. I am working full-time hours and my wife is regular part time.

    Reason:

    I would like to go back to our cash flow. I want to paid off my loan worth $12,000. I can afford to pay 300-350 every month or will add extra additional payment. I never had any issue with payments as I want my loan to be finished soon and will never ever comeback to this if granted..PLS.

  2. Beverly applied for the following loan:

    Loan: 10,000

    Speed: ASAP

    Credit: Bad

    Location: Tisdale, Saskatchewan, Canada

    Income: I earn $1800 per month working at a daycare.

    Reason:

    I have terrible credit because we had medical issues and had to let some of our payments slip.
    I am looking to pay off all my credit cards and start over.

  3. MAURICE applied for the following loan:

    Loan: 25000.00

    Speed: asap

    Credit: poor

    Location: PORT MCNICOLL ONTARIO CANADA

    Income: LOST MY JOB IN LATE SEPTEMBER AND HAVE BEEN WAITING FOR E.I...IT WAS HELD UP. JUST GOT MONEY THRU...AND CLAIM HAS STARTED AT $1452.00 PER MONTH $726 BI WEEKLY. I ALSO HAVE COMMON LAW WIFE WHO STARTS WORK AT WALMART PHARMACY ON MARCH 3RD AT 28 HOURS PER WEEK AT 10.25 AN HOUR

    Reason:

    I HAVE TWO PROPERTIES. ONE IS MY HOME IN PORT MCNICOLL AND ONE IS MY COTTAGE PROPERTY IN AHMIC HARBOUR (MAGNETAWAN AREA). I HAVE A PRIVATE LENDER THAT HAS BOTH MORTGAGE FIRST MORTGAGES ON EACH PROPERTIES. WHEN I COULD NOT GET MY E.I. COMING IN I FELL BEHIND AND HE HAS GONE POS ON BOTH PROPERTIES AND HE HIS LAWYER HAS CHARGED ME $6K ALREADY IN LEGAL FEES. I NEED $25K TO PAY EVERYTHING UP TO DATE, GET MY HOUSE INSURANCE BACK AND I HAVE LISTED COTTAGE PROPERTY FOR SALE ALREADY WITH R/MAX AND LISTING MY HOUSE FOR SALE WITH CENTURTY 21 SO THAT I CAN SELL BOTH PROPERTIES AND PAY OFF BOTH THE FIRST MORTGAGES AND THIS LOAN AND TAKE EQUITY AND JUST PURCHASE A SMALL HOME FOR US. BUT WITHOUT SOMEONE’S HELP IMMEDIATELY I AM GOING TO LOSS BOTH PROPERTIES AND ALL OUR EQUITY. I HAVE DOCUMENTATION FOR MY LATE E.I. AND EVERYTHING ELSE YOU MIGHT NEED. I HAVE LISTING ON COTTAGE PROPERTY AVAILABLE AND INFO ON UPCOMING LISTING ON HOUSE (DOING THIS TUESDAY MORNING AT 9AM WITH KIM FROM C21). I JUST NEED A CHANCE TO GET EVERYTHING UP TO DATE AND SELL. I CAN AFFORD $150.00 BI WEEKLY UNTIL THE HOUSE SELLS.

  4. Melanie applied for the following loan:

    Loan: 7000

    Speed: Within two weeks

    Credit: Fair it's 610

    Location: Hamilton, Ontario Canada

    Income: I'm paid weekly on Wednesdays by paper cheque for 1285. I'm subcontracted and have been with the same company for a year and a half.

    Reason:

    I got behind because of Christmas and my car needs repairs that need to be taken care of. I also was just scammed out of 1500 for a loan so I need to make that up. Thanks

  5. Kay applied for the following loan:

    Loan: 10,000

    Speed: ASAP

    Credit: Poor

    Location: Burnaby, BC

    Income: Paid by direct deposit twice a month, earning 2668/monthly net

    Reason:

    I would like to get out of the payday loan cycle and start anew. I am willing to pay 200-300 CAD just to get out of the trap and bring home something for my family’s necessities. I made a wrong decision trusting payday loan lenders that had eaten up most of my earnings and now I need to get out of paying them high interest for a short time.

  6. VERONICA applied for the following loan:

    Loan: 25000

    Speed: Asap

    Credit: Poor

    Location: Guelph Ontario

    Income: Paid direct deposit biweekly and monthly 2900

    Reason:

    To pay off high interest loan and credit cards family and friends. Catch up on past due utilities kids sports and other small debts owing. I’ve tried very hard for the past six months to catch up on my own but it is clearly a dead end for me. I would like to have one easy monthly payment instead of Nicole and dining myself to death. Need a fresh Start. Pls help. Desparate

  7. D applied for the following loan:

    Loan: 5000 - 10000

    Speed: ASAP

    Credit: In the 600's

    Location: Kitchener

    Income: Paid direct deposit, bi-weekly, earning $4600/Net Monthly.

    Reason:

    To consolidate a couple of ongoing payments, and take courses to help get to the top of my pay grid. Christmas recovery.

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