Consolidating all my debt
To speak with an RBC credit specialist, call 1-855-834-1782.
" Taking out a loan to pay off unsecured credit balances is an option that many people consider.But continuing to borrow money to pay off your bills makes debt and bill consolidation more difficult and is like placing a small bandage on a growing woun.Generally, the more money you borrow, the more you spend, and the more debt you pile up.Prime Rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its Prime Rate.The above calculations assume that for each loan, the debt is repaid in equal monthly installments for the specified term with no balance left at the end of the term.This calculator is intended for consolidation loans only, and not mortgage refinancing.
The calculation is based on the accuracy and completeness of the data you have provided; is for illustrative and general information purposes only; and is not intended to provide specific financial or other advice and should not be relied upon in that regard.
This can be painful at first, but when spending habits change, money management becomes easier.
A debt management program through a non-profit credit counseling agency can help you consolidate your credit and give you resources to learn more about achieving a financially secure future.
The debt management program from American Consumer Credit Counseling (ACCC) has helped thousands of consumers nationwide achieve financial freedom.
We can help you consolidate debts without falling deeper into debt.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator.