Managing your debt
Why borrow to manage your debt?
- It can lower your interest rate
Your new loan or line of credit will probably come with a lower interest rate than you’re paying right now, especially if you have debt from credit cards.
- You might pay off your debt sooner
With a lower interest rate, more of your payments will be going to your principal, so you could be debt-free sooner.
- It can simplify your payments
Consolidating your debt means that your multiple bills can be replaced with one regular payment.
Learn more about managing debt
1 Subject to approval
2 Subject to the terms of the agreement
3 Subject to TD Canada Trust credit criteria and any prior outstanding mortgage, charges or liens
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Our banking specialists are ready to answer your questions and assist you with your borrowing needs.
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