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Free Debt Consolidation
No contact details required to find out if you qualify
Debt consolidation is an effective strategy that allows people to get out of debt quickly and easily with minimal effect on their credit score and their financial future.
Instead of juggling multiple creditors and worrying about making several loan payment deadlines, with debt consolidation, you just need to make one monthly loan payment.
Know more about us and what we can do by clicking on the button below…
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There are four basic debt consolidation services that are available in Ontario
You can pay off multiple debts by taking out a debt consolidation loan. A debt consolidation loan is a low-interest loan that you use to pay off your other loans.
Instead of fretting over how you can make multiple loan payments – often with different interest rates and payment schedules – you just need to make one monthly payment of the debt consolidation loan and you can quickly and conveniently pay off your debt.
In Ontario, we have reputable credit counseling agencies which help people pay off their debt. Their credit counselors help you negotiate one consolidated payment – oftentimes with an interest rate reduction – with your creditors.
They will then help you come up with a manageable payment schedule that will allow you to pay off your debts within a given time period, usually around 3 years.
Debt consolidation companies in Ontario can help you settle your debts easily through a single payment plan.
Instead of making multiple debt payments with several agencies, you just need to make one single payment by paying through a debt consolidation company. The company will negotiate for you with your creditors on an agreed on payment amount to settle your debt.
This is a debt settlement program that is provided by the government of Canada. This is a debt settlement agreement negotiated and filed between you and your creditors. A Debt Relief Agency in Ontario can help you apply for this government-approved debt forgiveness program and make sure that the terms are flexible in your benefit.
National Debt Relief Services debt consultants will negotiate for you and get your debtor to agree to accept payment of a percentage of your debt, which you will pay in interest free installments over a certain time period. After you pay off that percentage you will get debt freedom.
One of the hardest parts of getting out of debt is keeping track of your different repayment schedules and making sure that you come up with a budget that will allow you to make these payments on time. Instead of several payments, you just need to make one payment that will cover all of your debts.
Loans have interest rates, this is a small percentage that is added to your monthly payments every with every installment. When you sign a loan agreement, the interest rate is something that you need to look at because if you are not careful it can cause your debt to balloon to an unmanageable amount – and if you have several loans it will become even more complicated as these will have different interest rates.
With debt consolidation, you can reduce the amount of interest you need to pay every month. If you opt to take a debt consolidation loan, these loans often come with interest rates that are way lower than other loans. If you opt for debt consolidation, part of the negotiation process will be that you make your payments at a low-interest rate.
No matter what debt consolidation strategy you decide on, the end goal is the same – to find a way to pay off your debts through an affordable payment schedule.
A debt consolidation loan ensures that your payments don’t accrue unmanageable interest so they stay low and affordable. Making sure that you can make your payments, it ensures that you pay off the loan quicker.
Debt settlement and debt management work to ensure that you pay off your debt by lowering your payments and coming up with a schedule you can easily stick to. A debt relief program is similar in the sense that you negotiate with your debtors to get out of debt by paying them off at a lower rate.
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.
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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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