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Free Debt Consolidation
No contact details required to find out if you qualify
When debt gets out of control – it affects your emotional and physical health. There are debt reduction services that you can explore along with do-it-yourself ways to reduce your debt.
Having multiple debts, be it Credit Cards, Personal Loans, Car Loans, Taxes, HST, 407, Household Bills, Payday Loans, and Student Loan; you can deal with it the same way – one step at a time.
Know more about us and what we can do by clicking on the button below…
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According to a study in the UK, huge household debt is linked to poorer general health and lower life expectancy. That means the longer the debt is, the longer the stress an individual can suffer. When your mental, emotional, or physical health is constantly affected by stress, it’s harder for you to prevent other illnesses, or it can take longer for you to recover.
Click on this link to read the full report about the effects of debt to your health.
During this time of COVID-19 Pandemic, your health should be your priority. Therefore, anything affecting your health should be immediately addressed, one of which is debt. We are going to go thru ways to successfully reduce debt and know your government-approved debt reduction services in Canada.
There are different types of debt but not all affect your finances:
Types of debts that can be reduced:
To determine what type of debt is making the biggest impact on your finances, gather all your recent statement-of-accounts from all your creditors.
Find which debt is costing you the most by knowing which debt has the highest minimum monthly payments and interest rates. This information is very important for you to perform other methods successfully.
After seeing where your money is going, it’s about time to start cutting – start with the monthly spending that is not important. This debt reduction method can also help you save money and be able to pay extra towards your debt.
If you have old subscriptions or memberships that aren’t needed, you must have them suspended or canceled to save monthly. Overspending on dining, house cleaning, and clothing must be avoided.
Once you have determined what to cut down, use the money you will save to pay more than the minimum monthly payments to aggressively pay off your debt and be debt-free sooner.
With this debt reduction strategy, you’ll pay-off your high-interest rate debts first to the lowest. You’ll basically have to put all your extra money towards the account that has the highest interest rates among all your debts.
Once the debt with the highest interest rate is paid off, you start paying down the second next highest interest rate. Every time a debt is paid off, you’ll have more money each month that you can use to pay off the next highest interest rate debt. Continue to do this process until all your debt is paid off.
As opposed to the avalanche method, with the snowball method – you will pay off your debt in order from the least balance to the largest balance regardless of the interest rate.
Most people will love this type of debt reduction method because you start seeing success earlier thru getting rid of lowest balance debt first. Once the smallest balance is paid off, you aim for the next smallest balance. This method could help improve your credit score especially if you take care of credit card debts first.
If you have multiple credit card debt, do a balance transfer of all your high-interest rate credit cards to the one with the lowest interest rate. This can help you spend less money on interest over time.
Some banks will offer you a 0% interest rate as an introductory offer in a period of 6-12 months sometimes 18 months. This is your chance to pay off your credit card balance without incurring additional interest charges.
Speak to a trusted debt relief service provider like us. Our team is dedicated to help you with your debt reduction goal and ultimately to eliminate your debt. With our government-approved debt reduction program, we can reduce your debt by up to 50%-75%.
Our team has proven great results when it comes to debt reduction services and debt elimination. Please read thru our hundreds of 5-star google reviews at this link to learn more.
This program will also include:
We offer Free Consultation to anyone who have over $10,000 worth of debt from the following:
With every successful 15-minute consultation, we donate $1 to Sick Kids in Ontario. This is our way of giving back to the community.
We understand COVID is still a threat, don’t worry you don’t need to leave your home to discuss your options. Our free consultation can be done thru phone calls or zoom.
Click the button below to start your easy debt reduction plan and journey to a better future.
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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