Private Debt Consolidation Lender
At Lauréat Finance, we believe that everyone deserves a simple, compassionate and effective solution to regain control.
What is a debt-consolidation loan?
A debt consolidation loan lets you consolidate several debts (credit cards, lines of credit, personal loans, etc.) into a single monthly payment. It makes it easier to manage your finances, and often reduces the total amount you pay in interest.
How does a loan application work at Lauréat Finance?
Our process is straightforward, accessible and efficient, even for those whose credit has been affected. Here are the three steps:
1
Application process
Complete our online form in just a few minutes. No credit check is required at this stage.
2
Analysis of your situation
One of our broker will contact you quickly to better understand your file, assess the value of your property and determine the amount of the possible loan.
3
Approval and payment
Once the offer has been accepted, funds can be released within 24 to 48 hours.
Concrete benefits of a private loan to consolidate your debts
Competitive interest rates
Our private debt consolidation loans often offer better rates than credit cards or lines of credit. This means lower total interest payments over the repayment period.
Personalized solutions
No two situations are alike. At Lauréat Finance, we tailor our solutions to your reality: your income, your property, your goals. We don’t treat you like a number.
Getting a loan even with bad credit
Unlike conventional institutions, we assess more than just your Equifax or TransUnion file. We look at the equity in your home and your real ability to repay. Low credit scores don’t close the door on us.
Simplifying your payments
Consolidating your debts into a single loan means just one payment per month. Less stress, more peace of mind.
Possible improvement of your credit rating
By making it easier to pay off your debts, you improve your debt-to-income ratio, which can have a positive impact on your credit rating in the short term.
Support and active follow-up every 3 months
We offer regular follow-up to help you stay on track, adjust your plan if necessary and aim for a return to traditional financing.
Substantial reduction in monthly payments
Our solutions can significantly lower your monthly payments, giving you more breathing space in your budget and reducing financial pressure.
Is this type of loan for you?
A private loan for debt consolidation can be a powerful solution to regain some financial balance, but you first need to know whether it really fits your situation.
This type of financing is primarily intended for people who own property and have racked up a number of debts: credit cards, personal loans, lines of credit and so on. If your monthly payments are becoming difficult to keep up with, or if you feel that all you’re doing is repaying interest without ever seeing your debts diminish, a consolidation allows you to simplify your payments into a single loan, often at a more advantageous rate.
Even if your credit rating is affected or you’ve experienced late payments, you may be eligible for a private loan. At Lauréat Finance, we assess the equity in your property and your actual ability to repay, rather than judging you solely on your credit score.
However, it’s important to evaluate all your options before making a decision. A private loan is not a temporary or short-term solution: it’s a tool to help you get back on track. Our team will work with you to analyze your situation and guide you towards the best option, whether it’s a private loan or another form of financial recovery solution.
Frequently asked questions about debt consolidation with a private lender
Will banks grant you a consolidation loan?
Several factors play a role. Conventional financial institutions generally require a good credit rating, low debt levels and job stability. If you’ve experienced late payments, a drop of income or an accumulation of debt, your application may be turned down. In such cases, a private lender like Lauréat Finance offers a flexible and affordable alternative.
Are private loans suitable for consolidation?
Yes, it’s entirely possible to include a private loan in an overall debt consolidation strategy, particularly as part of a mortgage refinancing. It all depends on your home equity and payment capacity. The goal is to reduce your monthly payments and simplify your finances.
How high is the credit score needed to obtain a personal consolidation loan?
There is no fixed minimum requirement. At Lauréat Finance, we believe that a poor credit score should not block access to financing. We analyze your entire situation, focusing on your home equity and current financial stability, rather than relying solely on your Equifax or TransUnion score.
Does debt consolidation harm your credit?
In fact, a well-managed consolidation can improve your credit rating. By paying off your existing debts and respecting the new payment terms, you demonstrate an ability to manage financial obligations. It can have a positive impact on your credit rating, especially if you avoid taking on new debts in the future.
Submit Your Private Loan Application Now!
Ready to regain financial stability? Start today by completing your private mortgage loan application with Lauréat Finance, your ultimate financial ally.