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Liability Management is defined as the process of progressively paying down and handling those outstanding bills, in a manner that minimizes the risk of financial instability. This can be an important area, not to be overlooked by households who are in a situation where they are unable to afford or handle for an unexpected expense, if one were to occur. Situations such as this can be managed by consolidating your higher interest rate products such as credit cards, into lower priced options such as more manageable priced installment and/or secured mortgage loan options.
This can result in a lower month to month expense, and in many cases allow households to pay down the outstanding debt faster.
These services can also be used to understand and figure out potential budgets for future potential expenditures, such as car, and understanding what type of a financial impact the purchase will have to the overall financial picture.
This Service is one of the founding solutions offered via Obsidian Financial Services in 1999, and for over the decade has been one of Obsidian Mortgage Corporation & Financial Services most popular products. Our Liability Management Solution services are made up of the following:
If you would like to know more about how these Liability Management Services, could assist you please contact 416-283-2377 and experience the world of Obsidian Mortgage Corporation and Financial Services today!!