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Free Debt Consolidation
No contact details required to find out if you qualify
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You must first get a copy of your credit report from one of Equifax Canada or TransUnion Canada, the two biggest credit agencies in Canada, before you may contest any inaccuracies. You are legally entitled to one free copy of each bureau’s annual credit report. You have three options for requesting your report: online, by mail, or in person at their offices. It is advised to get reports from both agencies because the data may differ.
Once you obtain your credit reports, thoroughly check them to see if there are any mistakes or inconsistencies. Pay particular attention to your:
and any adverse remarks
Highlight any inaccurate information, such as accounts you don’t recognize, late payments that were received on time, or wrong balances. Watch out for any indications that your identity may have been stolen, such as strange inquiries or accounts that were unintentionally established in your name.
Compile supporting evidence that demonstrates the mistakes on your credit report to support your dispute. This might include copies of your payment receipts, bank statements, letters to your creditors, and any other supporting documentation. To strengthen your case, make sure your documents are precise and well-organized.
Reach out to the credit bureau(s) and submit a dispute once you’ve located the mistakes and obtained any necessary supporting documentation. Typically, you may submit this through mail or online, but check the bureau’s website for details on how to do so. A copy of the supporting documentation you gathered is included, along with a thorough justification of each inaccuracy.
The credit bureau is required by law to look into your complaint within a reasonable amount of time, often 30 days. They’ll get in touch with the creditor or lender linked to the disputed information and ask for confirmation. The credit bureau is required to delete or fix the inaccuracy if the creditor doesn’t react or can’t offer enough justification.
Notify the lender or creditor of the mistakes on your credit report simultaneously. This stage is crucial since the credit bureau might need to verify anything as part of their inquiry. Inform the creditor of the error, any applicable account numbers, and copies of any supporting documentation in a formal written dispute letter. Ask them to update their records with the credit bureaus and send you formal proof of the update.
Monitor your credit report frequently after submitting a dispute to make sure the problems are fixed. You should get an updated report from the credit bureau that reflects any modifications made as a consequence of your dispute. Follow up with the credit agency and creditor to seek resolution if the inaccuracies continue or if you run into any issues while going through the procedure. Keep meticulous notes of all your communications, including the times and names of the people you communicate with.
Are you struggling with loads of debt? Contact National Debt Relief, a leading debt relief program service in Canada, that can help you take charge of your financial future! Our team of professionals is available to assist you.
Don’t allow mistakes to prevent you from reaching your financial objectives. Get in touch with National Debt Relief to begin your road toward a more secure financial future.
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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