There are a variety of debt consolidation options available, and not all of them involve taking out a loan. Talk to one of our Licensed Insolvency Trustees to learn more about the different options and find the best solution for you. Our goal is to help you consolidate debt without taking on any additional loans, however, if it makes sense for your situation we will let you know. Debt consolidation loans work by allowing you to consolidate multiple payments with a new loan, and a single monthly payment. We will cover all of your relevant debt consolidation options including, but not limited to: debt consolidation loans, debt management plans, bankruptcy, consumer proposals (often referred to incorrectly as a government debt-relief program), credit counselling, and debt settlement. Unlike debt consultants, we are licensed and regulated to provide debt relief services to Canadians.