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Debt Consolidation Myths vs. Facts: What Every Canadian Should Know

Debt consolidation is a financial strategy used by many Canadians to combine multiple debts into a single, more manageable monthly payment. While it may seem like an attractive solution for those struggling with high-interest debt, there are numerous myths and misconceptions that can prevent people from considering it. Understanding the facts about debt consolidation is crucial for Canadians who are looking to regain control of their financial situation. In this post, we’ll debunk common myths and provide clear facts about debt consolidation in Canada.
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