Debt Relief Ontario: Managing Out-of-Control Debts

debt relief Ontario

According to Equifax the “Total consumer debt has climbed to $2.32 Trillion, an increase of 8.2 percent in Q2 2022 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.

Finding the Right Debt Consolidation Companies in Canada

debt consolidation companies

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.

What Happens To My Tax Refund During A Debt Relief Program?

tax refund debt relief program

Tax season is just around the corner; what to do if you are planning to take on a debt consolidation program. Below are the things you need to know if you are planning to file a debt relief program to get rid of debt but are worried about your Tax Refund.

Warning Signs That You Have A Debt Problem

debt problem Canada

Learning and accepting you have a debt problem is the first step towards solving your debt problems. Below are warning signs that you should check out to know if you are experiencing problems with your debts and what options are there to solve them.

Top 3 Reasons Why You Should Get A Debt Consolidation Plan

Debt Relief Program in Canada

Debt Consolidation is a government-approved program of consolidating your debts into a single monthly payment. National Debt Relief Services is Canada’s trusted debt relief agency that can help create a personalized debt relief program for you based on your current financial situation.