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Free Debt Consolidation
No contact details required to find out if you qualify
Having completed your debt consolidation program means you have successfully paid all your scheduled monthly payments. At this point, you are debt-free and should enjoy a fresh start.
It is also worth noting that this will still appear in your credit report for 3 more years. This means that you should start creating good habits that positively affect your credit.
Know more about us and what we can do by clicking on the button below…
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Now that you are done with the debt consolidation payments, here are the most important things that you should do.
A “Certificate of Full Performance” is your documentary proof that you have successfully completed a government-approved debt consolidation program. This document serves as your proof of meeting all financial obligations and that you are now free from any outstanding debt included in the debt consolidation plan.
A significant increase in your credit score should be recorded once it is sent to the credit union. This process may differ from different debt relief agencies, so make sure to confirm whether you should be the one to fax the document to the credit union or the agency.
When you are done with your debt consolidation program, your relationship with the debt relief agency might as well be finished. However, it is totally different from National Debt Relief Services, we are still available to help you after you completed the program if you have further questions that need an answer to.
We recommend that you consult with your trusted debt specialist if you have any concern. Ask what you can do to improve your credit and what you don’t understand with your credit report (if any).
Checking your credit report after completing your debt consolidation program is a smart move to get peace of mind that there’s no fraudulent activity and that every information is accurately recorded.
During the duration of your program, finishing your payments was probably your top financial goal. Now that you’ve made it, this is a major achievement that you should be proud of.
However, now is not the time to stop going forward in terms of financial success, therefore it’s the best time to create a new goal.
Not sure what your next goal is? Start with a short or medium goal. Examples of a short to a medium goal are creating an emergency fund through monthly savings, minor home improvements, buying a used or new car. You could also start with a long-term goal like saving for a house down payment or for your retirement.
When you always have a goal in mind and you persistently work on it, you will avoid falling back into your old habits that led to your debt situation in the past.
Your new financial goal may be applying for a new credit line, personal loan, car loan, or a mortgage. While this is ultimately possible since you can use this method to rebuild your credit score; it is a risk.
Before doing that, it is highly advisable to assess your financial capacity this time. Your financial condition can be totally different now from than before. Speak to a financial advisor to help review your current financial condition and provide you the best advice on how to move forward.
Also, there are lenders or brokers who specialize in working with individuals who are currently rebuilding their credit. Do your research and look for a trusted and reliable broker who will be able to provide you the best option according to your goals and making it easier for you to achieve.
Your debt consolidation plan may have taught you a lot of good habits and financial strategies to maintain your budget while paying off your monthly obligations. You probably are more financially literate and knowledgeable now compared to before when starting with your debt consolidation plan.
This knowledge you have built must be put to consistent use to help you keep improving your finances. Stay on track and keep an eye on your budget so you’ll know when you are about to overspend. Avoid unnecessary expenses and rather put them into savings so your goal will be easily met.
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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