Checklist for Your Mid-Year Finances

Learn how to reduce your debt by 50-80% within 5-7 days Free Debt Consolidation Get Your Free Savings EstimateSEE OUR FORMULA No contact details required to find out if you qualify Free Savings Estimate Get Started How it Works Know More Debt Relief Options See Your Options Checklist for Your Mid-Year Finances Regardless of income […]

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.

Top 4 Questions On The Effect Of Debt Consolidation To Your Credit Score

credit score debt consolidation

We understand that you will be asking a number of questions before you decide to apply for a government-approved debt consolidation program. First on the list would most probably be “whether you can apply for credit or not” during the period of the program. Others also might want to know “will I still be able to use my credit card” under a debt consolidation program or “will my credit be affected?”.