100+ Canadians Choose Us Weekly – 700+ All 5-Star Reviews – Read real stories here

Click here to read reviews please

Learn how to reduce your debt by 50-80% within 5-7 days

Free Debt Consolidation

No contact details required to find out if you qualify

Free Savings Estimate

Get Started

How it Works

Know More

Debt Relief Options

See Your Options

Debt Consolidation - Is it the Best Option this 2022?

We all know that gaining control over mounting debts is not an easy fix. And if you are indebted to multiple entities it makes it even more formidable. It is very hard to keep track of multiple due dates, different amount payables, and interest rates. The good news is, there are debt consolidation companies in Canada who can help.

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

SickKids logo

We donate $1 for every consultation.

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

But before you plunge into it, see if it is the best option for you through the 4 checkpoints below:

debt consolidation

Impact

Debt consolidation will get you to a single payment at a standard rate for all your debts. However, this may mean a longer repayment timeframe, and if calculated, may render a large amount of interest paid. 

Run the Numbers

However, as different debts incur different interest charges, run the numbers first before deciding on putting all your debts into a debt consolidation program. Say you have two different credit cards at an interest rate of 15% and 17%, a federal student loan at 3%, and your consolidation program projects and overall 14%, you may have saved a total of 4% on your credit cards but has increased the interest rate on your student loan by 12%. If this is the case, you might want to consider better alternatives, contact your creditors and see if they can offer better terms, like transferring credit card balance to that with the lowest interest rate or leaving loans with low-interest rates out of the debt consolidation program.

Know your Options

Before deciding, know your options. Here are some possibilities you might want to explore:

Debt Consolidation Canada – They will make a program with you and contact your creditors to negotiate and make a lumpsum payment on your behalf at a lower interest rate. You then make your single monthly repayments by depositing to a designated bank account. Charges and penalties (in case of late payments) apply, of course. Be, however, cautious in choosing the company to engage in. Paying fees before payment of your debts is done, is not allowed by the Federal Trade Commission. Go for the company that will walk you through everything in the agreement. Ask questions and check reviews. There are debt consolidation companies that will ensure you do not receive any collection calls or emails anymore once you have signed an agreement with them.

Debt Management Plan – There are non-profit agencies that, just like Debt Consolidation Companies, will develop a sound financial plan with you and contact your creditors to negotiate a consolidation program for you, with lower interest rates and a longer repayment period. They require a minimal fee.

Balance Transfer – Look for a bank or lending institution with lower interest rates that accept balance transfers from your other creditors, you can also check on home equity loans, see if you can secure a line of credit to pay your credit cards and other loans. Payment on your multiple loans can be consolidated into this one home equity loan.

Avoid New Debts

Keep in mind too, that proper planning and self-discipline are the key to financial freedom. Stick to the program and avoid splurging and running up new debts.

Our Clients 5-Star Reviews

M.CUBERO
M.CUBERO
Read More
For any financial advise I recommend National Debt Relief! They are very helpful, professional and friendly. Krunal goes above and beyond to help others!
JACKSON CHANTHACHITH
JACKSON CHANTHACHITH
Read More
Suma was awesome. Communication with her was easy. Made the entire process simple and easy. Helped get back on track.
SANDY SILVA
SANDY SILVA
Read More
I was very nervous when I contacted national debt relief, but once I got in touch with Dionne, I couldn't be more pleased! She takes her job very seriously and went the extra mile to make sure I was completely comfortable and satisfied with the help she gave me. Dionne was available whenever I needed her and was very welcoming throughout the process. I couldn't have had a better experience and I appreciate all the work she's done and all the help she's given me to ease my debts. THANK YOU SO MUCH Dionne for all your help and patience with me. I just hope to meet her one day in person. And thank you National Debt Reduction for helping me alleviate my debt.
Previous
Next

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

SickKids logo

We donate $1 for every valid consultation.

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

SickKids logo

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?

Debt relief program's accreditation logos
Council for Economic Education

Proud to support financial literacy education

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

Plus we give back with every customer.

SickKids logo

We donate $1 for every consultation.

We Help Over 200+ Ontario Clients Per Day

We're here to help you consolidate your debt.

Get a free savings estimate today. There is no obligation.

SickKids logo

We donate $1 for every consultation.

Move Up