Free Debt Consolidation
No contact details required to find out if you qualify
According to Equifax the “Total consumer debt has climbed to $2.32 Trillion, an increase of 8.2 percent in Q2 2023 compared to last year according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report.” This update is very vital in understanding the current financial situation of every Canadian.
If you are in a situation where debt is getting out of control, here is a guide for you. Debt relief in Ontario is still manageable with the right knowledge and strategy.
Know more about us and what we can do by clicking on the button below…
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Debt relief methods try to decrease or refinance debt so that the borrower can repay it more easily. A portion of the debt’s principal forgiven, decreasing the interest rate, or combining many loans into a single lower-interest loan are some debt relief possibilities.
A reputable credit counselor or other financial professionals can provide you with options that best fit your needs. A legitimate credit counselor consultation is objective, confidential, and free for initial sessions.
Here are some tips to spot a reputable debt relief agency providing credit counsellors:
It is better to face your creditors than not paying off your debts. You both want to pay off your bills, so you’re on the same page. It’s better to contact your creditors directly if you continually missing payments or only paying the minimum on a credit card or credit line. Most credit companies in Ontario, Canada, offer programs to lower your minimum payments or give you a payment break. You should make certain that you thoroughly comprehend the deal you will reach with your creditors.
If you have your debt out of control and could not negotiate with your creditors, one of the best options was to get a debt relief service in Ontario.
A debt relief firm can help you get out of debt by allowing you to pay a fraction of what you owe. Debt settlement is a term used to describe the technique they employ.
A Debt Management Plan is an agreement with creditors to waive late fees for prior missed payments. It also decreases interest rates on outstanding balances. A typical result is reduced interest from 20% to 10%.
Meanwhile, a debt settlement is an agreement between you and your lender. You need to pay back a portion of a loan balance while the remainder of the debt is forgiven. National Debt Relief will consolidate your debts into one low monthly payment.
National Debt is a trusted debt relief company in Ontario that has more than ten years of experience in the business. It has proven results in settling debts for less than consumers owe. In addition, it offers no upfront fees, decreasing the client’s stress in paying off their debts.
According to Investopedia, “This firm is incredibly transparent about its process and results—they share examples of what they’ve done for past clients on their website: $15,000 reduced to $3,000 in debt, $22,500 reduced to $8,000, and $11,000 reduced to $2,000 in debt. This company has proven results, and it has maintained an A+ rating with the Better Business Bureau (BBB).”
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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*Disclaimer – NationalDebtRelief.ca, is a debt settlement company; not a credit repair or consumer credit counseling company. NDRS doesn’t provide investment, tax or legal advice. NDRS does not provide services or assistance repairing, modifying, improving, or correcting credit entries or credit reporting. NDRS does not assume or pay any debts, receive, hold or control funds belonging to consumers. NDRS’s debt settlement program and advice program is not available in all provinces across Canada. Individual results vary and are dependent on factors such as successful completion of program, creditor cooperation, and ability to save funds by consumer to settle. Read and understand all contract terms and program disclosures before enrolling. Not all clients successfully complete the debt settlement program. We will educate you on how to create a new financial life.