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Originally Posted by Kryzsky
Is it possible to get a consolidation loan to take care of a credit card and some student loan debt? CIBC told me that they will not do unsecured loans anymore and I do not have property or anything like that.
Should I even bother calling around?
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I tried to do the same thing recently except mine was to consolidate my car payment and credit card. I went to RBC and before I went in was basing the loan at the 6% prime rate on their website. But the actual loan would have been at 9.5%. Needlesss to say I left because my current monthly payments are lower than the loan from RBC would have been for.