To find out if a DMP is a good debt consolidation option for you, one of our Credit Counsellors would be happy to look at your situation with you.If a DMP is a good option for you, they will explain how it will consolidate your debts into one , how the interest rate is lowered or waived by your creditors and how we will help you successfully complete your Debt Management Program.Before you increase your mortgage to deal with your debts, take out a second mortgage at a higher interest rate, or apply for a home equity loan, talk to one of our experienced Credit Counsellors.
Our appointments are either in-person, in one of our offices, or over the phone; whatever is easier for you.
The appointment doesn’t cost you anything, it’s completely confidential and without obligation.
Depending on the type of debts you have and your overall circumstances, filing a Consumer Proposal may be a good option for you.
Speak with one of our qualified Credit Counsellors to determine if you should also speak with a Bankruptcy Trustee.
There are long term consequences to your credit rating when you have debt written off against you. To find out more of the pros and cons of consolidating debt using debt settlement services, click here.
A legal type of debt consolidation is available in Canada through a Bankruptcy Trustee.
However, by doing that, you run the risk of never paying your debt off.
Rather than using credit that never really has to be paid off to consolidate your debts, our experienced Credit Counsellors will help you look at all of your options.
To learn more about consolidating debt payments with a Debt Management Program, click here.