Don’t just consolidate your debt, reduce it.
We offer a government-backed way to reduce your debt by up to 80%, with one affordable monthly payment and 0% interest.
It may seem like a good idea to take out a new loan to consolidate other loans and debts into one monthly payment. But it’s important to consider all your debt-relief options to see the true cost of that debt loan.
Is debt consolidation worth it?
Debt consolidation loans let you combine all your debts into a single monthly payment, making it easier to handle. However, the interest rate you’ll be paying for the typical debt consolidation loan is usually very high – especially if you already have a bad credit rating. The worse your credit rating, the more you will end up having to pay, and the more your debt will grow.
Involves high interest rates (well above prime)
Includes fees
Requires secured assets (such as a home or vehicle)
No option to reduce the debt you owe
It can be hard to talk about debt, but we offer a free, no-obligation, completely confidential consultation.
The truth is you have options
Move the slider to your debt amount, and we’ll show you how much you can save over five years and each month.
With a consumer proposal up to 80% of your debt will be reduced and forgiven, and the remaining debt will be paid monthly, based on what you can afford, with no interest or fees.
You Pay:
$6,000
You Save:
$0
Consumer Proposal (0% Interest Rate)
You Pay
$6,000
You Save
$0
Debt Consolidation (12% Interest Rate)
You Pay
$8,008
Do Nothing (19% Interest Rate)
You Pay
$9,339
Take the first step
Book a free, confidential, no-obligation consultation – we’ll do the rest
Share your story with one of our supportive debt experts
Review your debt-relief options together
Make a plan to help regain control of your money
Start lowering your debt and easing your stressMy experience with Farber was nothing short of seamless. I was initially unsure and a little nervous because I didn't know what to expect and hadn't used these kinds of services before. Using Farber was one of the easiest things I've ever done in my life. They are with you every step of the way and even after!
I was so apprehensive about this process, but I am absolutely 💯 confident that this was the best move for me, and I am so happy for a fresh new beginning! Just an overall great experience and would recommend them to anyone! 😊
When I first contacted Farber, I was in panic and feeling helpless. They will represent you to your creditors and make sure that with a consumer proposal you get free of debt by making monthly payments that you can afford to pay based on your income.
My life was so stressful knowing I have payment due that I couldn’t pay on time plus with all the phone calls didn’t make matters better, I tried all options with the bank but that didn’t work out, until I reached out to Farber had live chat explaining how to resolve my debt, and for that I’m so grateful.
What made my experience great were the people that worked with me. I can honestly say that the process was made easier and less stressful for me as a result of them. I highly recommend you call them. They are pro's and will make it painless.
We believe that everyone can prosper
With more than 43 years of experience in Canadian debt relief, we’ve helped over 100,000 people just like you build a better relationship with money.
Reduce your debt with a consumer proposal
A consumer proposal is an alternative to the impact of declaring bankruptcy, and unlike a consolidation loan, it will actually reduce your debt. It ensures that you pay only some of the money you owe. The rest of the debt is forgiven–forever.
- Interest charges are frozen
- Stop collection calls and creditor action
- 0% interest on all remaining debt payments
- Monthly payments always based on what you can afford
Our Farber debt experts help you see things like they were before debt–with a personalized solution that’s easy to follow and saves you money.
Frequently Asked Questions
You can do this. We can help.
Debt is a difficult thing to talk about. We know that it’s a hard first step to ask for help, but we’re committed to helping you see how to get out of debt to find the confidence to get started.