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Free Debt Consolidation
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The government of Canada has outlined debt relief tips, one of which is finding a trusted debt consolidation company. In addition, the Financial Consumer Agency of Canada has issued a warning to the public about companies that claim to be able to help people pay off debt or rehabilitate their credit but are actually deceiving them.
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If you find yourself struggling to make debt payments and make ends meet, you may want to consult a credit counselor from a debt relief agency. Do not worry because talking to one does not affect your credit score.
According to Investopedia, credit counseling offers advice on consumer credit, money management, debt management, and budgeting to customers. According to the Canadian government, it is also one of the measures toward debt relief.
A credit counselor could provide the following services:
With the spread of misinformation online, you need to put an extra effort to dig deeper into the agency’s credibility and reputation. Please make sure they are compliant with the law. As well, they should be in good standing with the provincial or national association. Meeting standards of practice means you are in good hands in finding a debt relief program.
The Canada Government released the list of associations where you can find a trusted agency:
It would be best if you also watched for the agency’s unresolved complaints, including false advertising and late payments to creditors. Google Reviews are also good indicators of the agency’s performance and reputation.
If it is good to be true, it probably is. Some debt relief companies claim that they could solve your debt problems quickly for only a fraction of your debt. They also promised to easily and quickly fix your credit score. Some also claim they are part of services offering debt relief from the Canada Government. If the credit counsellor or agency advertises these things, you must not avail of their services.
A legitimate agency would tell you getting into their debt relief program would temporarily affect your credit score. But they would assure you it would improve once you finish the program, and it would take time. If you are uncertain if the agency is part of a debt relief program of the Canada Government, you can contact them if the agency’s representation is genuine.
The credit counseling and debt relief services charges vary from one company to another. But with National Debt Relief, the initial consultations are free. There are no hidden charges, and monthly payments would not increase. In addition, the certified debt specialist would also guide you to the right program to get you out of debt, including a written proposal. You will also be given money and a debt management plan.
Under the Canada Government, credit counselors are not legally mandated to have any specialized training. However, a reliable credit counselor should have some training.
It would help if you asked about the counselor’s qualifications, such as his education, years of experience, and specialized training. His specialized education should include the following:
This training should have given the counsellor skills to support you in personal finance, consumer credit, and money management.
If the debt relief agency passes the criteria above, ask to meet the credit counselor. The most essential thing here is that you feel at ease with your counselor. You should trust him and his judgment for your debt management program to work. Remember, no legitimate debt relief service would charge you for the first meeting.
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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