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Free Debt Consolidation
No contact details required to find out if you qualify
If you are living in Canada and are looking for a debt solution, we can help. Do you owe more than $10,000 worth of debt? This is information you must know about. Continue reading to learn about these Canada debt solutions.
Whether it’s auto repairs, shopping, travels, medications, or sometimes unforeseen life circumstances; most of us spend more than what we earn at some point in our lives. Often times we lose track of our finances and this could lead to more debt in the future.
Know more about us and what we can do by clicking on the button below…
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Out of all debts and credit lines; credit cards are the one that has the highest interest rates. It’s too easy to fall into a debt trap with credit cards because of its ease of use and convenience to carry around when going out. It’s also known that credit cards have a lot of fees such as cash advance fees, late fees, over-limit fees, balance transfer fees, annual fees, and more. Once the interest charges accumulate, it becomes difficult for a person to pay off credit card debt.
If you went on renovating your house or bought a car, chances are you have taken a personal loan. This type of loan can be applicable to anything but is very easy to turn into debt. Paying this type of loan not quickly enough can give you a huge headache as it can accumulate a good amount of interest if not paid soon.
One of the most attractive types of loans you can take advantage of very easily. This is a type of short-term loan that offers a quick-fix solution to your financial needs. The downside of this is you get an extraordinarily high fee. You should only apply for this loan if you don’t have any other alternatives.
Most of the time, car loans are secured with the vehicle you are purchasing hence the lending institution has the right to repossess the vehicle in the event you are not able to continue paying. Some car dealers will offer easy approvals but could hit you back with a very high interest rate.
Some tax debt loans may offer financial support to help keep the CRA away. Taking out a loan to cover your tax obligation may seem like a reliable solution, be aware; you are just temporarily enjoying debt relief. Like other loans, you will have to pay interests, and additional fees.
If you are unsure about what are your options and what you can do to stop your debt from piling up, a financial counselor can help. You can seek debt counseling from various organizations or credit advice groups who can help you understand your situation and provide you the right advice.
All debt management and financial planning start with debt counseling. It is the right way to assess your situation, with the help of a specialist who sees your finances from an expert perspective so you can get reliable advice on how to go about it.
A financial counselor can provide you guidance on budgeting, financial planning, debt management, and laws that relate to having debt and its consequences. Talking to a financial counselor will not have an impact on your credit rating, nor your creditors will notice it.
This is the most common solution if you have multiple credit card debts and want to consolidate them into one. However, this solution will only transfer your debt to another credit card. If you find a better interest rate offer from another credit card company, this is the way to go. Some credit cards generate high interest rates over time and could lead to more debt. Transferring your high-interest credit cards to a much lower one is a smart step in stopping a snowballing credit card debt.
Simplifying your credit card debt repayments can be considered a relief as well. Some banks will lure you into an offer giving you a very attractive 0% interest rate if you transfer your credit card debt. But this zero-percent promo is not permanent, this will last a maximum of 6-24 months.
You may feel relief by just paying the minimum monthly payments. This could sound great for a short period of time, that is why it is being encouraged that you should take this opportunity to spend less and pay as much as you can to pay off the debt before it starts incurring new interests.
If you have over $10,000 worth of debt (Credit Cards, Personal Loans, Car Loans, Personal Taxes, CERB, HSTs, 407s, Household Bills, Payday Loan, Student Loan), you are eligible to reduce and eliminate your debt by up to 50%-75%. This is a government-approved program that will help you get out of debt fast and easily.
We will help you merge your debt into a single and affordable monthly payment. You only pay a fraction of what is originally owed making you debt-free in as fast as 12 months. Our team of professional debt consultants will create a personalized debt relief and consolidation plan based on your financial capacity and goals.
Speak to us now by clicking the button below to get a free consultation and learn more about our personalized debt consolidation 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
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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