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No Matter What The Financial Situation, There Are Always Options To Explore.

FREE CONSULTATION. We'll find the right loan consolidation solution for your specific financial situation and get you back on track to rebuilding your worth today, debt free.

Whether you have multiple credit cards and unsecured loans or want to improve your credit report, our credit counsellors will tailor a debt management plan to meet your financial goals.

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A Consolidation Loan vs a Consumer Proposal


When it comes to debt consolidation in Canada, you have a few loan consolidation options to choose from.


Consolidation of all of your debt into one bank consolidation loan could be the right debt help  option if you still have a good credit score rating and significant assets (such as equity in your home)  to secure a loan, and want to consolidate all your debts into one monthly payment. But what happens if you do not qualify for a consolidation loan?

A Consumer Proposal also consolidates all your debts (including unsecured debts, credit card debt, car loans, personal loans, etc.) into one monthly payment, but unlike a consolidation loan, you pay back only the portion of your debt that you can afford and not what creditors are demanding. 

A Consumer Proposal offers significantly legal protection against creditor actions, and upon filing, all creditor legal actions are immediately stopped. Further, there are no interest charges and a good credit rating is not required, and a Consumer Proposal does not touch your assets.

This path to debt consolidation can give you peace of mind that your property will be secure. You can continue to focus on other important aspects of your life while we work with you to help you take control of your finances.


If you have the ability to make a monthly minimum payment toward a debt consolidation loan, you definitely have the ability to file a Consumer Proposal, eliminate your debt and start saving toward your retirement future within as little as 5 years or less! 

If you qualify and you still decide that a consolidation loan is the route you would like to go, although Bromwich+Smith doesn't offer these loan consolidation services, we will recommend the names of companies that do offer this product in your area. There is no charge for this service.

Debt Consolidation Loans in Canada

There’s no one-size-fits-all debt reconciliation loan. Your ideal debt relief solution will depend on your loan amounts, existing lines of credit, interest rates, and more. When you get debt consolidation services from Bromwich+Smith, we take the time to understand your situation before tailoring a solution to your needs. 

We understand that debt consolidation can feel like a large undertaking. Our team are experts in high interest debts and more to help make finding the right debt consolidation loan less stressful. With a variety of options to choose from, you can find financial balance in your life once again.