Credit Consolidation, Credit Counselling Services, Options and Debt Solutions in Lethbridge, Alberta | Canada
Are you looking for credit consolidation solutions in Lethbridge 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 Lethbridge, Alberta to help you find debt repayment solutions and alternatives to bankruptcy.
Credit Counselling Services Assist with Credit Consolidation & Bill Payments
Although before you might have consolidated debt, credit counselling services in Canada, offered by qualified Credit Counsellors at a well recognized and accredited non profit agency, like the Credit Counselling Society, can relieve your stress and money worries.
|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
Your Counsellor will review your whole situation with you during a free, confidential appointment. They will look at your budget and expenses, the debts you have, and what you hope to achieve in the future. By reviewing your whole financial picture with you, they will come up with options so that you can deal with your debts.
Contact us now to make an appointment, or read on for more information.
Debt Solutions, Explained by a Credit Counsellor
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.
Debt Repayment Program to Consolidate Credit & Debt Payments
Non-profit credit counselling services in Canada, including the Credit Counselling Society, have a debt management program available that consolidates payments for your unsecured debts. The repayment program makes it easier to manage all of your expenses and debts because it is based on what your budget allows.
A debt management program may be an option for you, depending on what type of debt you have, your assets, and how much is left in your budget for debt payments, while you still maintain a reasonable standard of living.
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.
Loans to Consolidate Debt
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.
However, the best way to successfully use a consolidation loan to get rid of debt is to create a budget before you get the loan. This way you’ll know if you can afford the payments, along with the savings you need to set aside to pay for other unexpected expenses with cash instead of credit.
Settling debt for less than what you owe is an option if you have a lump sum of money available to offer your creditors.
When you settle your debts, you are offering to pay less than what you owe. In return, you are asking your creditors to write off anything left owing. In some circumstances, this makes sense. However, offering your creditors a settlement to avoid making payments when you can actually afford them, won’t work.
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
Depending on the type of debt you have, how much you owe and where you live, legal solutions to debt through the Bankruptcy and Insolvency Act may be good options for you.
Meeting with a trustee to find out more about these options may be a good idea, after your Credit Counsellor has gone over your budget and financial circumstances. While bankruptcy should always be a last resort, a Consumer Proposal allows you to repay part of what you owe over a period of 2 – 5 years.
To find out more about Consumer Proposals, contact a trustee in your area, or click here.
To find out more about bankruptcy and alternatives, click here.
Credit Counselling Services in Lethbridge, Alberta Can Help You to Consolidate Credit
For more information about how credit consolidation and credit counselling services in Lethbridge, 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.