Consolidation of Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in Alberta, | Canada
Are you looking for credit consolidation solutions in Alberta to get rid of your debt and money worries?
Exploring consolidation options that reduce or eliminate interest on your credit cards and debts will help you get back on track with one affordable monthly payment.
Free credit counselling services are available in Alberta to help you find debt repayment solutions and alternatives to bankruptcy.
How Credit Counselling Services Can Help You with Consolidating Debt Payments
Even if in the past you’ve consolidated debt, credit counselling services provided by a reputable, Canadian, non-profit agency like the Credit Counselling Society can help you. Dealing with debt is stressful, but a qualified Credit Counsellor can make it easier.
|Global News interviews Julia Fletcher
after she consolidates and pays off
her debt with help from the
Credit Counselling Society.
Watch the News Segment
|CTV uncovers how Dan Robinson
paid off $30,000 in debt with no
interest with the assistance of
the Credit Counselling Society.
See the News Story
By meeting with your Debt Counsellor for a free, confidential appointment, you’ll be able to share what’s going on in your life with someone who is trained to help you sort out your debts and get back on track. Your Counsellor will provide information and options to you after they know more about your budget, expenses, debts and goals for the future. Then it will be up to you to decide what you want to do.
Contact us now for an appointment, or see below for more information.
The Types of Debt Solutions That a Credit Counsellor Can Give More Details About
There are a number of options for credit consolidation that are accessible in Canada through not-for-profit credit counselling services which are not offered through your credit union, bank or any other lenders.
Credit Consolidation & Debt Payments Through a Debt Management Program
Canadian credit counselling services, like our non-profit Society, nomoredebts.org, offer a debt management program. Getting back in control of your money is easier with our debt management program because it is based on your budget.
Depending on the types of debts you have, how much owe, your assets, and what’s left in your budget each month, the program might be what you need to consolidate your unsecured debt payments. Our Counsellors also know that you still need some money to live and maintain a reasonable lifestyle.
Lenders are very supportive of our debt repayment program. This helps to reduce your payments and save you thousands of dollars in interest. Your creditors will accept smaller payments from you, and most will not charge you any, or at least much less, interest while you make your payments through the Credit Counselling Society.
Your Credit & Debt Counsellor will explain how a debt management program works to consolidate your payments, if they think that it’s a good solution for your debt problems.
Debt Consolidation Loans
Your Credit Counsellor will outline the pros and cons and can assist you with creating a budget.
Debt consolidation loans mean getting further into debt to try and pay off what you’ve already borrowed on your credit cards and unsecured debts. Depending on your credit score, your lender might be willing to give you a consolidation loan to pay off other debts, but you might need a co-signer.
The best way to make a debt consolidation loan work for you is to have a budget first. Then you’ll know if you can afford the payments and still set money aside to pay for unexpected expenses that would have gone on your credit card in the past.
Settling Your Debts
When you ask your creditors to accept a lump sum of money, in exchange for fully repaying what you owe, that is called a debt settlement.
Sometimes it makes sense to offer your creditors a reduced, one-time payment to get rid of your debts. But, if you can afford what you owe, your creditors won’t accept your settlement offer.
If a debt settlement is a good solution for your debt problems, your Credit Counsellor will explain what you need to know and answer your questions. Part of coming up with the lump sum of money might mean selling assets, redeeming investments, or asking for help from family and friends.
Legal Solutions for Debt in Canada
Sometimes legal solutions for debt are needed. The Bankruptcy and Insolvency Act governs legal debt solutions in Canada.
Resolving your debts with the help of the Courts may be your best option. This will depend on what you owe, the nature of your debts, what you own and where you live. Both legal debt resolutions – Consumer Proposals and bankruptcies, are offered through licensed trustees.
Before you make an appointment to talk to a trustee, ask your Debt Counsellor for help. Your appointment will be easier if you already know your budget outline, and have a full understanding of your options and situation.
A Consumer Proposal will arrange your repayment for part of what you owe over a 2 – 5 year period. This may be a better option than filing for bankruptcy, which can have severe, long-term consequences.
Find out more about Consumer Proposals by contacting a trustee, or click here.
Get more information about how to avoid declaring bankruptcy here.
How to Get Help to Consolidate Credit with Credit Counselling Services in Alberta
For more information about how credit consolidation and credit counselling services in Alberta can help you become debt free, contact us now by phone, anonymous online chat, or by email. We will respond to your questions and give you the information you need. We can also set up a free, confidential appointment, that doesn’t obligate you to anything, so that you can speak with one of our certified, friendly Debt Counsellors.
You’ll feel better and have less stress once you know what you can do about your debt and money problems. There is a solution to being in debt, and it starts with looking at your options. Contact us now at 1-888-527-8999. We’re happy to help you.