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2023 Best Ontario Debt Relief Program - Post Covid

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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Helped with $ 27,000 $ 41,500 $ 35,000 $ 17,000 $ 23,500 $ 46,340 $ 21,000 $ 35,000 $ 26,700 $ 65,500 $ 57,400 $ 17,500 $ 75,500 $ 63,000 $ 35,000 $ 18,500 $ 55,000 $ 85,500 $ 43,000 $ 29,500 $ 27,800 $ 41,200 $ 35,800 $ 85,000 in debt

1 day 3 days 3 days 8 days 7 days 6 days 12 days 9 days 3 days 6 days 1 day 4 days 2 days 1 day 7 days 5 days 8 days 6 days 12 days 16 days 5 days 8 days 2 days 7 days ago in debt in

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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. 

Debt Relief Program

Understanding Debt

There are 2 main types of debts – secured and unsecured. 

  1. Secured Debt  – Secured debt is debt backed or secured by a collateral to reduce the risk associated with lending (Investopedia.com). Types of secured debts include: 
    1. Mortgages
    2. Auto Loans 
  1. Unsecured DebtThis is the riskier type of debt. Unsecured debt is a debt for which the creditor does not have a security interest in collateral, and the creditor is therefore not entitled to take property from you to satisfy that debt without a judgment (nfcc.org). Types of unsecured debts are:
    1. Corporate unsecured debt 
    2. Personal loan
    3. Consumer durable loan
    4. Student loan 
    5. Credit card debt 

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. 

Understanding 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. 

Ontario Debt Relief

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.

Tips to Manage Your Finances – Debt Prevention

  • Assess – Like in a scientific process assessment is always the first step. Assess your current financial situation. How long will you be able to sustain your daily basic needs if you suddenly lose your job? A day? Week? Month? Or year?. If you have big savings in the bank, no debt, and can even put up some money for investment – then you are doing well and you must keep up your current financial management strategy. However, if you are living paycheck to paycheck, then it’s never too late to plan. 
  • Plan – Create a budget and a spending plan. List down all your expenses and responsibilities. Take note of your income and how much you can acquire each month. It’s more of looking into the inflow and outflow of your finances. Make sure that you always set aside for savings to help you on the rainy days and prevent you from borrowing money. 
  • Frugality – being frugal doesn’t mean you don’t spend money at all. It just means that you choose to exclude non-important things, events, and endeavors that will not be helpful in your financial situation. This includes choosing quality over quantity, not spending on things you don’t need, and stopping splurging. 

  • Never borrow money to buy things you don’t need. One pitfall of many is that they can’t control themselves when they want something to the point of even borrowing money just to acquire it. If you want to be out of debt, never do this.
Debt Relief Interest

Tips to Manage Your Finances – Debt Reduction

  1. Manage your payments – don’t settle with minimum payments. If you can pay more – pay more. It can help you big time with your remaining debt. 
  1. Pay debts with higher interest rates first – of course. If you really can’t pay off your debt all at the same time – choose the one with a higher interest rate so you can save money. 
  1. Look for an additional source of income – If you want to write off your debt faster, find an additional source of income so you can pay more and in a shorter time. You can look for sideline work or sell stuff you don’t use or need anymore.
  1. Stop using your credit while paying your debt – it’s like adding insult to injury if you keep using your credit. Your debt will not end if you keep adding more.  
  1. Pay smaller debt first – after identifying which debt has a higher interest, now identify which debt is smaller. This is called the snowball method which pays the smallest amount first then you work up to paying your largest debt last. 
  1. Debt relief – if you want to really get some help and things are out of your control, then it’s time to try the Ontario debt relief program. This program is mostly applicable to individuals with over 10K or more worth of debt. You can reduce your debt by up to 75%. The process is easy, fast, and convenient as it is available online. All you need to do is to have a FREE consultation with a Senior Finance Counselor who will assess your situation and find a workable solution. The best thing about this program is that you have the option to write off your debt and get big savings! 

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.

Our Clients 5-Star Reviews

Jennifer Chenier
Jennifer Chenier
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I was lost ... single mom... off due to Covid for 3 months .. did what it took to pay bills and look after my kids... and left with nothing but a tonne of debt I could not keep up with 😢. And then ....I met Connie.. Connie gave me my life back. The entire experience was like talking to my mother. She was full of compassion and knowledge and took me under her wing for this entire process. She turned tears into smiles and hope . She reassured me.. and made me feel like it was Going to be ok. I can’t thank her and the team (Paul) enough for helping me through this . I highly recommend National Debt Services to anyone looking for help with their debt . Start living again ❤️. Thanks Connie Jen
Katherina Preston
Katherina Preston
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"So glad I finally had the courage to make the call" Suma was amazing.. she guided me through my options and got the answers to all my questions. By the end of our very first phone conversation I had hope again...finally...no more sleepless nights worrying my debt ....Thank you National Debt Relief Services
Chris V
Chris V
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I would just like to thank Suma for really making feel comfortable throughout this entire process. Everyone tells you to watch out for gimmicks, quick fixes, and everything else that comes with Debt. Ive had other companies who had made promises and under delivered. However Suma and her team are quick to provide the right answers and guide everyone in a way towards better credit. She has made it seamless with great communication and availability. I have personally referred her to several of my closest friends and i would recommend her to anyone else looking for consolidation.

Top 5 Key Benefits of our Ontario Debt Relief Program:

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.

Do you want to experience Peace of Mind from all of these?

  • Credit Card Debts
  • Personal Loans
  • Car Loans
  • Taxes
  • HST
  • 407
  • Household Bills
  • Payday Loans
  • Student Loan
  • and more…

Talk to us! We will help you get out of debt.

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.

We will help you compare
the options and savings of all formal debt relief programs available to you.


No contact details required to find out if you qualify

Frequently Asked Questions

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.

Why Trust National Debt Relief Services?

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See What Our Customers Have To Say

Dawn Friesman
Dawn Friesman
I've been working with Allicia Macdonald shes very professional and sweet. I cant thank her enough for helping me rebuild my life. Thank you so much.
Chantal Rolfe
Chantal Rolfe
Today I had a wonderful experience with Rachael, she was Very professional I was very happy with what we talked about today she was very Caring I highly recommend national debt relief services hundred percent😃
Jennifer Magill
Jennifer Magill
Brittany was awesome, she explained everything clearly and offered solutions every step of the way. It’s always nice to hear that you could do this or that, I didn’t feel forced to do anything and was able to decide clearly. Thank you 🙏🏼
Dave Tonnos
Dave Tonnos
This company will work with you and through any difficulties that may arise. They actually hold themselves accountable, how refreshing during troubling economic times.
marian kamara
marian kamara
I have a great experience working with Suma, she work me through the program, takes her time to explain everything to me about how the program work, what I need to do from start to end of the process. I’m so thankful to God for sending an angel Suma to help relief my debt. It’s a great company to work with. I will recommend this program for anyone in debt like me.
Donna Hutchings
Donna Hutchings
Connie B. was absolutely awesome! She explained everything in detail to me. Very professional to work with and takes the time with you. She really has compassion. So glad she helped me out. Thank you
lynn collins
lynn collins
Joel has made this so simple and effortless he made sure i was well informed and making the right decisions for my situation i would recommend joel at national dept Relief to anyone in hardship with there bills thanks alot joel i really appreciate everything you have done for me thanks!! 5 stars for sure! and its chad ball not my mom lynn lol
Billy Bong
Billy Bong
I had a great experience with Brittany, so helpful and understanding. Never felt like I was being pressured or rushed into anything. She was always there with answers to my questions. Thanks for all the help and peace of mind you helped me achieve.
Amber-lyn Miller
Amber-lyn Miller
Let’s Just Put It Simple....... Not All Hero's Wear Caps........I spoke with Suma over a fairly lengthy period of time because of my busy schedule and lack of free time on my part, and she was not only extremely patient and understanding, but also beyond helpful And informative. Any question I had and no matter how many times she had to explain it to me she took her time to make sure I completely understood every single step and process before she moved on to the next thing. I have been so stressed out and worked up about my debt and trying to figure out how to fix it all since I know I will not be returning to work at all in the future because of medical issues and being 26 with that realization makes things just that more stressful but Suma made everything so easy and my payments are $100 a month for less then 5 years with no interest or penalties for early pay off. I’m so glad that I didn’t settle with some other place that was asking for $350 + a month for 7-12 years and paying off early would cost you more.
Jessica Preston
Jessica Preston
Caroline F. was phenomenal, she was so helpful, understanding and compassionate. Caroline did not make me feel bad for my mistakes, she was supportive and caring, she helped me through this dark time in my life I'm so incredibly happy I crossed paths with her. Thank you Caroline for being so wonderful to me! <3

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