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You should speak with an RBC Credit Specialist before making a final decision on a loan to ensure it meets your overall financial needs.

In either case, the loan you get will carry a high interest rate.

But you don’t need a bank loan to consolidate debts.

The debt management program at In Charge Debt Solutions will reduce your monthly payments and interest rates and provide bill consolidation – all without a loan.

In Charge credit counselors work with your creditors and get you a single, predictable monthly payment that you can afford.Most consolidation loans require repayment within 5 years.If you think you will need more than 5 years to pay off the loan, we can help explore other borrowing options that may be available to you, and help put together a plan to manage your debt.Our financial literacy program will teach you how to save money, build an emergency fund and set achievable financial goals.Excessive credit card debt – the thing that gets people in the most financial trouble – is the best reason to consolidate debt.With In Charge’s debt management plan, you can schedule the exact day of the month that your single debit pays all of your debts.