Credit Consolidation

Do you know about credit consolidation ? Before even thinking about bankruptcy, you should consider the other options, such as debt consolidation. If your credit cards are maxed out and you are unable to pay, know that it’s possible to consolidate credit card debt under certain conditions.

Frequently Asked Questions

How does credit consolidation work? Am I eligible? Our finance experts answer these questions for you and more. Discover all the advantages of using My Next Pay debt consolidation service today.


Credit consolidation is also called debt consolidation. It is an adoption that allows you to group all your debts into one. The main advantage is that you won’t have to deal with a ton of creditors or make several payments each month. In other words, you’ll only have one debt instead of 3, 4, or 5. By bundling your debts together, you will

  • Only have to deal with one monthly payment to a single entity instead of several, thus avoiding the stress of late payment and penalty fees;
  • Be able to reimburse the integrality of your debts at a pace that fits your budget;
  • Have access to lowered interest rates;
  • Put an end to the harassment by having an experienced credit counselor negotiate with creditors on your behalf;
  • Avoid bankruptcy or consumer proposal, both of which have serious consequences for your financial future

The Problems With Bankruptcy or Consumer Proposals

Even if you think bankruptcy might be a better option, it isn’t. While bankruptcy erases debts and puts a definitive stop to the harassment from your creditors, it isn’t without consequences. If you go bankrupt, it will stain your credit report up to 7 years the first time and 14 years the second. From this point onward, the only loans you’ll be able to take are no credit check loans or bad credit loans, both of which have a maximum borrowing limit.

My Next Pay offers both of those loans, but we highly recommend using our credit consolidation program to regain control of your finances first. If you can repay your debt, debt consolidation will always be a better option than bankruptcy. 

We have a large network of trustworthy loaners ready to help. You can apply to our program online to receive personalized support from our financial experts.


By applying online to our debt consolidation program, you’ll speed up the process and be able to finally put an end to the harassment of your creditors. When you work with a bank or a trustee, the process can take up to 14 days. It’s two weeks when you’ll still be fearing every phone call is from one of your creditors.

Our experts can approve your request sometimes as fast as the same day. We understand how difficult it can be to manage free-falling finances – which is why we offer our service as fast as possible and work with you to find a solution that fits your needs and budget. Our goal is to help you find some peace and to regain your financial stability as soon as possible.

Do not hesitate to fill our form to discover if you are eligible for our credit consolidation program. It’s the first step for your financial recovery.


My Next Pay credit consolidation program is an easy, simple way to regain control of your finances. All you need to do is fill a simple and efficient online application right from the comfort of your home. 

Our financial experts also understand that every debt is unique. We’ll take all the time needed to thoroughly analyze your situation and develop solutions tailored to your reality. 

Here are the criteria that determine your eligibility to our debt consolidation program:

  1. Be at least 18 years old;
  2. Be Canadian and live in Canada;
  3. Have proof of residence;
  4. Have a valid email and phone number;
  5. Own a Canadian bank account that accepts electronic deposits;
  6. Have proof of a stable income source

Our team also works with companies licenced by the Consumer Protection Office. You will therefore be 100% protected when taking out a loan with us!

If you have any questions about our credit consolidation service or need more information, contact us. An experienced member of our team will gladly take your call and answer all of your questions.


We are always here to help 1-866-499-5629

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We will be pleased to assist you. You can also visit our FAQ page for more information.

Remember to always be financially responsible and use cash advances to save money by avoiding late fees or overdraft charges.