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Debt Consolidation

Combine your loans with debt consolidation in Ottawa and Gatineau

Bernier & Associates can assist you with debt consolidation in Ottawa and Gatineau. In the event of overdue or excessive monthly payments, this simplified loan formula collects your outstanding debt, reduces your payments and helps you regain financial balance.


Whether you have credit card debt, student loan debt or other liabilities, contact us today to speak with an advisor in Ontario or Quebec.

How does debt consolidation work?

Debt consolidation typically involves taking out a new loan with a bank or other financial institution to pay off several outstanding debts. You’ll then only need to make one regular payment on this new loan (such as a line of credit or home equity loan) until it’s paid off in full. 

In some cases, the financial institution that provides your debt consolidation loan may request the temporary closure of your credit card accounts to prevent further indebtedness. In this case, a credit counsellor can help you create a budget to better balance your income and expenses, thereby making you less reliant on credit. 

What are the advantages of consolidating your debts?

A debt consolidation loan allows you to simplify your debts by rolling them into a single loan. Plus, this type of loan comes with a lower interest rate than most credit cards and other unsecured loans. Consolidating your debt won’t reduce the amount you owe, but you might be able to lower your monthly payment amount to free up more income each month. All of this can help you save money, pay off your debts sooner and regain financial stability. 

Are all debts included in a consolidation?

A debt consolidation program can only be used to pay off unsecured loans such as credit card bills, utility bills, medical bills and payday loans. This means that secured loans such as a mortgages and car loans are excluded.

How to qualify for debt consolidation


In general, to qualify for a debt consolidation loan, you must:

  • Have a good credit history
  • Hold a job
  • Have enough income to make regular payments

Contact us today to get more information about debt consolidation in Ottawa. Bernier & Associates has offices in 15 cities throughout Ontario and Quebec including Gatineau, Pembroke, Laval, Montreal and Val-d’Or.

Benefit from a consumer proposal

A consumer proposal helps you get out of an insolvency situation.

Get out of debt!



Bernier & Associates

226, rue Papineau





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