Consolidation of Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in Edmonton, Alberta
Are you looking for consolidation credit card payment solutions in Edmonton 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 Edmonton, Alberta to help you find debt repayment solutions and alternatives to bankruptcy.
Credit Counselling Services Assist with Credit Consolidation & Bill Payments
Even if previously you’ve consolidated debt, credit counselling services in Canada, provided by an accredited not-for-profit organization like the Credit Counselling Society can assist you. A trained Credit Counsellor will help ease your worries about your debts.
|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
During a no cost, confidential appointment, your Credit Counsellor will review your overall circumstances. They will ask you about your budget and expenses, your debts, as well as about your future goals. Once they know more about you, they will share options and solutions with you so that you can decide how best to deal with your debts.
Contact us now to ask us your questions or to book an appointment, or read on for more information.
Debt Solutions, Explained by a Credit Counsellor
There are a number of options for consolidation credit card payments 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.
Debt Management Program for Credit Consolidation & Debt Payments
Not-for-profit credit counselling services in Canada, such as the Credit Counselling Society, have a debt repayment program that is available to consumers. The program makes managing all of your expenses and debts easier because it is based on what you can afford, and all of your unsecured debt payments are consolidated.
A debt management program might be one solution to think about. It depends on your assets, the kind of debts you owe, and how much is left in your budget for debt payments. Not all of your money can go to repaying your debt; you still need 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.
Before you think about using a consolidation loan to get out of debt, create a budget. You need to know if you can manage the payments for a few years. During this time, you will still need to save money to pay for unplanned expenses that you would have charged on a credit card when you had one.
Settling Your Debts
Debt settlement is an option if your creditors will accept a lump sum of money, rather than all of what you owe.
Offering to repay less than what you owe is an option if your creditors are willing to write off the remaining balances on your debts. In some situations, this could be a good idea. However, creditors won’t accept your offer if they believe that you can afford the full payments.
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
The Bankruptcy and Insolvency Act may provide the legal debt relief you need, depending on what you owe and to whom, as well as where you live and how many assets you have.
After you’ve gotten some help with your budget from your Credit and Debt Counsellor, and better understand where you stand financially, an appointment with a trustee in your area might be a good option for you. While bankruptcy should never be the first thing you consider, a Consumer Proposal allows you to repay part of what you owe over a period of 2 – 5 years.
To learn more about Consumer Proposals, contact a trustee, or click here.
For more information about bankruptcy alternatives, click here.
How to Get Help to Consolidate Credit with Credit Counselling Services in Edmonton, Alberta
For more information about how credit consolidation and credit counselling services in Edmonton, 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 780-701-0083. We’re happy to help you.
Suite 610 - 10216 124 Street NW
Edmonton, AB T5N 4A3
Suite 200 - 6005 Gateway Boulevard
Edmonton, AB T6H 2H3