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No contact details required to find out if you qualify
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If you have recently taken a loan or have applied for new credit, you may have heard about the two biggest Credit Bureaus in Canada; Equifax and TransUnion.
Do you need help in rebuilding your credit after getting damaged by unpaid huge debt? You are not alone, we can help. We are Ontario’s most trusted debt relief organization that helps hundreds of Canadians everyday deal with over $10,000 of unsecured debts.
Click the below button to speak to one of our debt specialists and find out how our debt relief programs can help you rebuild your credit.
Credit bureaus, also called credit reporting agencies are independent organizations that provide creditworthiness score (Credit Score) to lenders (financial institutions, creditors, banks).
TransUnion and Equifax are two of the biggest credit reporting agencies in Canada. Credit card companies often get information from these two when you apply for a credit card.
Financial institutions refer to these agencies to measure your capability of repaying the money you are intending to borrow. These agencies compile your financial information such as:
Credit reporting differs from provinces; this includes practices to protect consumer rights. These laws also cover agencies requesting information that credit bureaus collect.
Acceptable reasons for requests are credit decision, debt collection, employment or tenancy decision, or insurance underwriting.
Decisions that could lead to adverse actions (denying credit application, denying employment, increasing lender charges).
Requesting a copy of your credit report should not have a negative impact on your credit score.
If there is an error, the credit bureau must report this to anyone who received your credit report and fix it.
Credit bureaus are required to maintain a good/positive history on your report for 20 years even if there is a more recent negative history.
It is a good habit to check your credit report once a year. This is to spot or avoid any fraudulent activities or identity theft and make sure that you are not being penalized for debts incurred under your name which you have no idea about.
You may order a copy of your credit report by doing the following:
By calling the below hotline numbers, you can obtain your credit report.
Equifax Canada
Tel: 1-800-465-7166
TransUnion Canada
Tel: 1-800-663-9980 (except Quebec)
Tel: 1-877-713-3393 (Quebec residents)
Access your credit report online for free through the Equifax website.
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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