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Free Debt Consolidation
No contact details required to find out if you qualify
Debt is usually money borrowed by another party from another – Investopedia.
However, it is manageable if you know how to become a better money manager or if you understand the benefits of Ontario debt relief program.
Know more about us and what we can do by clicking on the button below…
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The majority of the population will borrow money once or even more than once in their lifetime. Debt isn’t always bad, especially if you use the money to cover expenses in certain important circumstances like as business capital or for a health emergency.
Debt can be mismanaged too. Most of the people who fall into debt are unable to correctly manage their money and suffer the ill consequences of debt.
There are 2 main types of debts – secured and unsecured.
The most common forms of debt are loans, mortgages, auto loans, and personal loans. Loans entail that the borrower will repay the balance of a loan in a specified amount, date, and interest.
Interest as defined by Investopedia is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money. Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage.
It is therefore important that you consider interest rates an important element when borrowing money. The length of time is a very important aspect in determining the interest rate; hence if you plan to pay your debt on a shorter period of time, interest rates are considerably lower.
Another factor affecting the interest rate is the inflation rate – which is practically beyond our control. The amount borrowed is also a factor in identifying the interest rate – so if you borrow a bigger amount of money – it is expected that you will be getting a higher interest rate too.
Liquidity and risk of default are also calculated by the financial institutions when determining the interest rate.
Remember – you can save more money if you pay in a shorter term and pay regularly.
Understanding the basic information about Debt and everything involved in this process is essential to manage it appropriately.
Debt is not entirely bad, especially if used in a beneficial way. Plus if you are able to manage your debt in a very good way – you will be able to write it off faster and you can enjoy big savings too!
There are numerous ways how to manage your finances overall and be a better money manager. All it takes is discipline and focus on your goal and for sure – you will be financially free in no time.
If you are interested in enrolling in an Ontario debt relief program – then don’t waste your time! It’s time to be debt-free! Get a free consultation with no obligation.
To know more what you can benefit from our Ontario Debt Relief Program, simply try our Debt Consolidation Calculator below and one of our debt specialists will get in touch with you and provide you the best debt relief option that fits your situation.
No contact details required to find out if you qualify
We will help you reduce as much as 75% of your debts and consolidate it into a single affordable monthly payment. Your creditors will stop harassing you and all interest will freeze if you get into our Ontario Government Debt Relief Program.
Many Ontarians are already benefiting from our Debt Relief Program, YOU should too!
Find out how much you can write off portion of your debts by getting your Free Savings Estimate below. A debt specialist from National Debt Relief Services in Ontario will discuss all options and provide you tailor-fitted Debt Relief Program.
SEE IF YOU QUALIFY TO:
No contact details required to find out if you qualify
A Debt Consolidation is a negotiated debt settlement offer made between you and your creditors with the help of a Debt Relief Agency in Ontario. Some key benefits of Debt Consolidation are interest-free program, no upfront fee required, combined monthly payment into one affordable amount, no lawsuits, and many more.
Yes, your assets are safe from creditors. A licensed debt relief agency in Ontario will help you come up with an offer to your creditors that will make sure your assets will be out of the paper.
No, in fact, this is one of the great advantages of a Debt Consolidation Program. All wage garnishment will stop from the day you filed the proposal.
The effect on your credit score is not going to be severe. Your credit score will most probably go to R7 Rating and will remain in your credit report for another 3 years after you completed the program. This means that it will not be permanent and you will still be able to rebuild your credit score.
This varies depending on the proposal you will be discussing with the help of a certified debt relief agency. It is also worth noting that debt consolidation cannot exceed more than 5 years.
If a debt is shared, you need to file a joint debt consolidation offer to your creditors. However, in most cases, in which the debts are individually incurred will have no impact on your spouse.
After three missed payments, your debt arrangement with creditors will be broken and you will end up getting chased again for the original debt amount plus interest.
A debt consolidation offer can be paid off earlier if you can. In this way, you receive your “Certificate of Completion” sooner and you can immediately start rebuilding your credit score.
National Debt Relief Services Ontariois a certified Canadian Debt Relief Agency that offers FREE CONSULTATION to your debt consolidation needs. We value the trust given to us by our clients by making sure your personal information is confidential and private. Our personalized plans are designed to tailor fit your financial capacity. Our specialists will get in touch with you by simply answering a few questions thru the link provided below.
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