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Canada Debt Solutions Guide COVID 2023

Are you worried that you may be on your road to being broke due to the amount of debt you have?  If your debt is becoming more than what you can handle, don’t lose hope; there are debt solutions available – we can help.

If you owe more than $10,000 worth of debt, you need to know about this information. Click below to know how we can help you find the best solution to your debt problem. We have hundreds of 5-star Google reviews.

Know more about us and what we can do by clicking on the button below…

You're not alone

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

Orillia Huntsville Peterborough Toronto Brampton Kitchener Mississauga Hamilton Belleville Kingston Cornwall Oshawa Ajax St. Catharines London Sarnia Windsor Sault Ste. Marie Elliot Lake Sudbury North Bay Timmins Thunder Bay Ottawa

Increasing Canadian Household Debt and Debt Solutions Available

Debt Solution Canada

Due to the COVID-19 Pandemic, household expenses have increased and wages dropped at a significant rate due to unemployment and reduced work hours making it harder for people to pay off their debt.

The problem gets worse the longer the pandemic affects businesses, jobs, and wages. The risk is higher for individuals in a household that is highly indebted making it difficult for them to recover which could potentially end in default at the end of the COVID Crisis.

Having Credit Cards, Personal Loans, Payday Loans, Car Loans, Personal Taxes, HSTs, 407s, Household Bills, Payday loans, Student Loan debts can be overwhelming.

The good news is that there is a debt solution available to Canadians depending on your personal situation. Read on to know more about this government-approved debt solution.

Temporary Debt Solutions

1. Payment Deferrals

To counter the effect of COVID-19 on any immediate financial trouble, banks have provided deferrals on loans, mortgages, and credit cards monthly minimum payments. According to data gathered by the Bank of Canada, about three-fifths of payment deferrals expired in September, and 70 percent off deferrals on credit card debts and car loans. 

2. Canada Recovery Benefit (CRB)

The government of Canada introduced this new benefit after the CERB ended. With CRB, eligible people can receive up to $1,000 every two weeks for a period of 26 weeks. People who are not employed or self-employed due to COVID-19 can apply. If you have a 50% wage reduction every week compared to last year’s income, you are also eligible. Click this link to learn more about the eligibility requirements of this debt solution.

Other Debt Solution Available to Canadians:

Debt Consolidation Canada (Your Best Option)

National Debt Relief Services have been helping Canadians create the most efficient solution to their debt problems for years. We are committed to providing a high quality of service to our clients needing help dealing with their debts.

Our debt consolidation can help eliminate 50%-75% off your debt, by merging all your Credit Cards, Personal Loans, Payday Loans, Car Loans, Personal Taxes, CERB, HSTs, 407s, Household Bills, Payday Loan, Student Loan debts into one single and affordable monthly payment.

We offer a free consultation to anyone living in Canada, and our service requires no upfront fees. We will also donate $1 to Sick Kids in Ontario for every successful 15-minute consultation. We have helped thousands of Canadians get out of debt with our government-approved debt relief programs.

Other Debt Solution Available to Canadians:

As Canada’s most trusted debt relief provider, we aim to provide the most efficient debt solutions that you can afford and sustain to be able to achieve a debt-free life.

We guarantee these amazing benefits:

  • Stop collection calls
  • Consolidate debts into an affordable monthly payment
  • Stop any potential lawsuit
  • Stop wage garnishment
  • Rebuild your credit score

You may also read more of our google reviews at this link to learn more about how we are helping hundreds of Canadians get out of debt fast and legally.

We care for your health and safety, stay home and get your free consultation via phone call or zoom.

Our Clients 5-Star Reviews

Valerie Andrada
Valerie Andrada
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“The agent was very knowledgeable and really made you feel at ease.”
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
KL H
KL H
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“Brittany called me today after i had gotten discouraged about the application process. One small detail and she reassured me wasnt’ going to be a factor in my eligibility. I was pleasantly relieved of a nagging stress about debt by having a real conversation with Brittany and confiding in her some personal things and she did the same. Clearly a caring and motivating conversation. Moving forward thanks. Update: got to the final signing stage a couple days ago and I don’t think it has sunk in yet but I’m not afraid to answer my phone now☺Brittany talked me thru it and Im sure she is relieved to be finished. I was preoccupied with another issue and she was very patient with me and I needed her positive shine in all this! Cheers to your team.”
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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.

SEE IF YOU QUALIFY TO:

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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