Elena needs a debt consolidation
Elena needed help to rebuild her credit after experiencing a challenging life event. A salaried health care worker with 25 years of experience, Elena took time off last year to take care of her mother when she fell ill. Unfortunately, her mother passed away. As a result of taking time off and shouldering the funeral expenses, Elena’s unsecured debt load increased, and her first mortgage went into arrears. This negatively affected her FICO score, and the bank refused to extend her any more credit.

Elena has owned her property in Mississauga for 14 years. She is now back at work full time with the same company, and her mortgage is up to date. With the help of her broker, who took the time to understand her financial situation, Elena was able to obtain a new mortgage and keep the home she loves.

Elena’s dedicated broker partnered with Home Trust to provide her with the right solution, a new first mortgage with an Equityline® Visa one-charge solution. This solution gave her the flexibility to access a revolving line of credit while getting her debt under control and rebuilding her credit.

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