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Are You $10kOr More In Debt?
Are You $10k Or More In Debt?
If so, you may be eligible to reduce your monthly payments and write off unaffordable debts
Check If I Qualify Safe, Secure & Confidential
Reduce Repayments
Reduce monthly repayments to an affordable level
Consolidate Debt
Make one monthly payment for all of your debts
Freeze Interest
Save thousands in interest and charges on your debt
Avoid Bankruptcy
Bankruptcy should be a last resort - learn your options
reduce
monthly payments
freeze interest & Charges
avoid
bank- ruptcy
combine all debts into
1
mONTHLYpayment
Know Your Options
Credit Counselling
Also known as “debt management”, this is an informal agreement that allows you to make just one monthly payment. You will be able to reduce or eliminate interest, however this option does not allow you to reduce the principal, as with other options.
Debt Consolidation
Debt consolidation is where you replace all of your debts with a larger loan, typically at a lower interest rate. The advantage to this option is that it will not affect your credit rating, however, it does not allow you to reduce the principal and typically requires good credit.
Debt Settlement
Debt settlement replaces multiple monthly payments with just one, while negotiating with lenders for a full and final settlement. This reduces the principal, however, since it is not legally binding, your creditors are not obligated to accept the proposed settlement agreement.
Consumer Proposal
This is a formal arrangement between you and your creditors. It allows you to repay a percentage of what you owe, stop collection calls and wage garnishment. Only a Licensed Insolvency Trustee can administer a consumer proposal.
Bankruptcy
Bankruptcy is a legal process administered by a Licensed Insolvency Trustee that stops legal actions like wage garnishment. It eliminates most debts for a fresh start, but severely impacts your credit rating and may require the sale of non-exempt assets.