Consoldating debt

With the RBC Homeline Plan: Bill - Branch Manager If you are in a situation where you have multiple debts - such as a mortgage, loan, credit line and credit cards it is important to understand what your debt is so you can manage it.

Make a list of the debt you have, along with the interest rates you are paying on each.

Keep in mind though there are some debts that are realistic - for example, a mortgage.If you know you're not going to pay off your credit card balance every month, take a look at a low interest credit card option to help keep interest costs down.Also be aware of the temptation of the "Buy Now Pay Later" offers - make sure the funds are available to pay that bill before it is due.Moving your outstanding credit balances to one low rate payment could save you money and time—making it easier to manage your money.Here are some of the benefits that may come with consolidating your outstanding debt: If you're buying a home and have a 20% down payment, or you're a homeowner with at least 20% equity in your home, the RBC Homeline Plan could help you consolidate your debt.

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Consoldating debt introduction

Consoldating debt

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