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Canadian Customer Debt Relief for Seniors

Relaxing for the rest of your life after years of hard work is every senior’s dream. However, that is not always the case. Nowadays, there is a significant number of seniors experiencing debt issues as they go through retirement.

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

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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

There are various reasons why people end up dealing with a huge debt at their senior age. But note that you are not alone, there are debt relief options for seniors. Continue reading to learn more about these programs and how you can deal with debt.

Reasons Why People End Up with Debt

Medical Expenses

Healthcare is the biggest concern senior people face in Canada. Millions suffer from medical-related debts every year. This is true as people age, the body develops medical conditions. It is a normal part of getting older and that is the main reason why Seniors fall into debt.

Over the years, healthcare expenses have gone up and this caused very expensive medical bills for our seniors. One of which is treatment and medication which can be covered by insurance but not all.

Mortgages

This is another common reason why Seniors incur debt. During the pandemic, various government programs helped people to defer their mortgage payments. However, this was just temporary debt relief.

According to a BNN News Article, mortgage debt in 2020 has increased by more than $100 billion in one year. This has been fueled by the aggressive real-estate market in Canada and is becoming the main reason people end up with debt in their senior age.

No Savings

Failing to save for retirement is also one of the main reasons why people end up in debt. Maybe they have saved too little which will not help them repay their debts before they retire.

Even with Social Security, many seniors still feel they run short of funds which could potentially increase the use of credit cards that causes debt.

Debt Relief Tips for Senior

#1 Set Up Automatic Savings

Seniors need to have the mindset that sometime in the future they may need to spend a significant amount of money on healthcare.

One good method to secure the funds you will need for future health-related expenses is to set up an automatic bank transfer that will move a portion of your monthly paycheck into a savings account.

As time passes, the money you put into a savings account will accumulate interest which you could use as an emergency fund.

#2 Limit Spending

Monthly subscriptions, dining out regularly, and shopping for unnecessary items could help you save hundreds and thousands of dollars if avoided. This will also help you reduce your debt as your regular use of plastic transactions is stopped.

Also, try to avoid luxurious travels (e.g. out of the country, cruises, or road trips). This can be avoided temporarily and can be enjoyed once you have cleared your debts. Gas or air tickets can be costly as well as lodging and food expenses during travels.

#3 Consolidate Debt

If you have over $10,000 worth of unsecured debts including Credit Cards, Personal Loans, Car Loans, Taxes, CERB, HST, 407, Household Bills, Payday Loans, and Student Loan; you qualify for a government-approved debt relief program for seniors.

With this program, your debt can be reduced by up to 75% which means you’ll only pay a portion of what is owed and the rest is forgiven.

Benefits of Debt Relief Program for Seniors:
  • Stop Collection Calls
  • Stop Wage Garnishment
  • Stop Lawsuits
  • Stop Interests
  • Easy debt repayments
  • Chance to rebuild your credit

We will create a personalized debt relief program for you and we will negotiate with your creditors on your behalf. With our years of experience in the field, we have already developed a strong relationship with creditors. That means we’ll be able to get you a great deal with creditors and you’ll be able to save more money for your retirement.

Our Clients 5-Star Reviews

Chris Sokol
Chris Sokol
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“Dawn Brooks was amazing at her job. She made me feel comfortable and valued. She help take a massive weight office shoulder.”
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
Tiffany Calgey
Tiffany Calgey
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“I didn’t think it was possible to fix my debt so easily but with the help from Brittany Brunski, I’m finally debt free ! Most definitely recommend her and this company to get debt free”
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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.

No contact details required to find out if you qualify

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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

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We donate $1 for every consultation.

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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See What Our Customers Have To Say

Dawn Friesman
Dawn Friesman
20/09/2020
Verified
I've been working with Allicia Macdonald shes very professional and sweet. I cant thank her enough for helping me rebuild my life. Thank you so much.
Chantal Rolfe
Chantal Rolfe
18/09/2020
Verified
Today I had a wonderful experience with Rachael, she was Very professional I was very happy with what we talked about today she was very Caring I highly recommend national debt relief services hundred percent😃
Jennifer Magill
Jennifer Magill
18/09/2020
Verified
Brittany was awesome, she explained everything clearly and offered solutions every step of the way. It’s always nice to hear that you could do this or that, I didn’t feel forced to do anything and was able to decide clearly. Thank you 🙏🏼
Dave Tonnos
Dave Tonnos
18/09/2020
Verified
This company will work with you and through any difficulties that may arise. They actually hold themselves accountable, how refreshing during troubling economic times.
marian kamara
marian kamara
18/09/2020
Verified
I have a great experience working with Suma, she work me through the program, takes her time to explain everything to me about how the program work, what I need to do from start to end of the process. I’m so thankful to God for sending an angel Suma to help relief my debt. It’s a great company to work with. I will recommend this program for anyone in debt like me.
Donna Hutchings
Donna Hutchings
18/09/2020
Verified
Connie B. was absolutely awesome! She explained everything in detail to me. Very professional to work with and takes the time with you. She really has compassion. So glad she helped me out. Thank you
lynn collins
lynn collins
18/09/2020
Verified
Joel has made this so simple and effortless he made sure i was well informed and making the right decisions for my situation i would recommend joel at national dept Relief to anyone in hardship with there bills thanks alot joel i really appreciate everything you have done for me thanks!! 5 stars for sure! and its chad ball not my mom lynn lol
Billy Bong
Billy Bong
17/09/2020
Verified
I had a great experience with Brittany, so helpful and understanding. Never felt like I was being pressured or rushed into anything. She was always there with answers to my questions. Thanks for all the help and peace of mind you helped me achieve.
Amber-lyn Miller
Amber-lyn Miller
17/09/2020
Verified
Let’s Just Put It Simple....... Not All Hero's Wear Caps........I spoke with Suma over a fairly lengthy period of time because of my busy schedule and lack of free time on my part, and she was not only extremely patient and understanding, but also beyond helpful And informative. Any question I had and no matter how many times she had to explain it to me she took her time to make sure I completely understood every single step and process before she moved on to the next thing. I have been so stressed out and worked up about my debt and trying to figure out how to fix it all since I know I will not be returning to work at all in the future because of medical issues and being 26 with that realization makes things just that more stressful but Suma made everything so easy and my payments are $100 a month for less then 5 years with no interest or penalties for early pay off. I’m so glad that I didn’t settle with some other place that was asking for $350 + a month for 7-12 years and paying off early would cost you more.
Jessica Preston
Jessica Preston
17/09/2020
Verified
Caroline F. was phenomenal, she was so helpful, understanding and compassionate. Caroline did not make me feel bad for my mistakes, she was supportive and caring, she helped me through this dark time in my life I'm so incredibly happy I crossed paths with her. Thank you Caroline for being so wonderful to me! <3

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