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Free Debt Consolidation
No contact details required to find out if you qualify
It’s taxation time, Canadians are starting to seek advice, guidance, and solutions on how to manage different types of consumer debts including money owed from the federal and provincial government. CERB debt repayment can be one on your list and the earlier you seek a solution, the better prepared you can be.
If you are among the individuals who have received letters from CRA asking you to repay a portion or all of the emergency benefits received during COVID; read on to learn about the steps you can take if you are not able to pay or afford the repayment.
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Below are scenarios that can result in being required to return the Canada Emergency Response Benefit you previously received from the government.
The reason behind this happening is that The Canadian Government has prioritized the process of approving the CERB applications deliberately. This resulted in an unknown amount of CERB given to individuals who may not be eligible to qualify for certain criteria and Canada Revenue Agency is now examining each case closely to see if repayment is required, a few months after the payments were issued to Canadians.
It is overwhelming to learn that you need to repay CERB an unexpected debt, as most individuals can’t simply make a payment straight away, especially considering they needed the CERB in the first place. It is understood that CERB was intended to serve as a lifeline or short-term financial relief during the COVID-19 pandemic to cover primary expenses and household needs. However, it is no surprise that these funds were spent just a couple of months after it was received to cover the everyday needs of families affected by COVID–19.
CRA has already started sending letters or notices on 31st of December 2020 requesting to ineligible individuals who received CERB to repay the same.
If you received this letter from CRA stating that you need to repay the CERB amount you received but you are unable to repay in full amount immediately, you may need to contact CRA to discuss possible repayment options that you can sustain.
Contact CRA and discuss your payment arrangements with one of their representatives at 1-800-959-8281 (9 AM-5 PM – local time).
Unlike other creditors, Canada Revenue Agency is a powerful and forceful creditor that can quickly take immediate actions to collect unpaid debts.
Common steps that CRA can take to collect on your debt repayments could include:
If you feel scared and stressed about the pressure of debt repayments especially the debt you owe from the government, understand that you are not alone – we can help.
We can help you negotiate payment options that will favor your situation and we will make sure to help avoid CRA legal actions against you.
Having over $10,000 worth of debt from CERB, Credit Cards, Personal Loans, Car Loans, Taxes, HST, 407, Household Bills, Payday Loans, and Student Loan can be very stressful and overwhelming, but there is help available – you are eligible to reduce your debt by up to 50%-75%.
With our government-approved debt relief program, your financial life can get back on track. Our expert debt consultants will help create a personalized debt consolidation program that will merge all your unsecured debt into a single and more affordable monthly payment.
There is no need to leave your home; get a free consultation and discuss your options in the comfort of your home via zoom or phone calls.
We helped thousands of Canadians get rid of debt without unwanted wage garnishments, property seizures, and painful process. This is a 100% painless process guaranteed; you can read hundreds of google reviews about us with 5-star ratings at this link.
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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