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Free Debt Consolidation
No contact details required to find out if you qualify
Are you paying the minimum monthly dues only? Do you not see your outstanding balance nudge? Did you max out your credit card limit? Are you behind on your credit card payments?
If your answer to any or worse, all of the above is yes, know that you are not alone, we can help! Keep reading to learn about how you can stop credit card debt fast and easy.
Know more about us and what we can do by clicking on the button below…
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If you have over $10,000 worth of debt on credit cards, personal loans, CRA, HST, personal taxes, a car loan, payday loans, 407 bills, household bills, store credit cards, or even a student loan, we can help. Continue reading to learn more about how you can eliminate credit card debt and other debts easily and legally.
The majority of Canadian Households use credit cards for groceries, shopping, food, and medicines. According to a study, an average Canadian have an average Credit Card debt of $2627.00. Dealing with huge credit card debts is never easy because of the high-interest rates.
Depending on a person’s unique financial situation, the solution can vary as well. Everyone’s goal is the same, but taking the right help will make a huge difference on how you can successfully overcome debt. We are here to help! We offer a personalized debt relief and consolidation program that will help eliminate and reduce 50%-75% of your debt. This is a government-program that you must know about, keep reading to know more.
According to finder.com, the average Canadians have 2 credit cards due to their ease of use and as a popular means of payment which could result in higher chances of incurring more debt.
If you miss a payment (at least the minimum monthly payment), your credit score will be damaged. Make sure to pay at least your minimum payments to avoid getting your credit impacted. This can affect your application for a new credit line or loans in the future.
Falling behind your payments may trigger your credit card company to increase your interest rate. This can result in accumulating debt faster due to the increased interest.
If you totally ignore your credit card debt, lenders may forward your debt to a collection agency to bump up aggressive collection strategies. This could include harassing collection calls, or worse – a lawsuit.
If you’ve made a decision to finally get rid of your debt, below are simple steps that you can follow to help you get out of credit card debt in Canada.
You must know the total debt you owe, be it by credit card, personal loans, personal taxes, student loans, payday loans, etc. Assess your monthly dues, interest rates, late fees, and the balance you have for each debt.
After reviewing your debts, the best follow-up step you can do is to allocate a budget that can fulfill your obligations for all your debts, especially credit cards. The budget you are creating must be realistic in terms of how you can sustain it in the long run.
Look out for balance transfer offers from other lending institutions or banks. Most of the time, these balance transfers have very attractive introductory offers such as very low to zero interest rates. This is a good way for you to cut off the high interest being incurred by your credit cards and start paying off what you owe with a new line of credit.
Talk to the bank where you have credit card debt from and negotiate a lower interest rate. Some banks can offer you other card types that have a lower interest which you can use to pay off the high-interest cards you have.
Plan to pay off one of your credit cards first. This solution can be done by yourself without any approval from your financial institution. You may decide to focus on a particular card, ideally with the highest interest rate first. This way, you can get rid of your credit card debt one by one.
Paying extra on top of your minimum monthly payments is a small step but a proven relief option to quickly pay off your credit card debt. This is doable if you are receiving bonuses, tax refunds, cash gifts, or if you get a salary raise. A wise move to make valuable use of your extra money is to use it to pay your credit card balances.
If you are looking to pay off your credit card debt faster and easier, Debt Consolidation is one of the best debt relief options can you take advantage of. Not only you can pay off credit card debt, but also other debts like Personal Loans, Car Loans, Taxes, CERB, HST, 407, Household Bills, Payday loans, and student loans. This is a government-approved debt relief and consolidation program designed to merge all your debt into a single and affordable monthly payment.
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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