Credit Consolidation Solutions, Credit Counselling Services and Options in Medicine Hat, Alberta | Canada

Do you live in Medicine Hat and need credit consolidation solutions to make managing money and paying your debts off easier?

Get help to consider all of your consolidation options. One affordable monthly payment that eliminates or shrinks interest might be the right solution to get your debts back under control.

In Medicine Hat, Alberta non-profit credit counselling services are available at no cost so that you can find the right repayment plan or alternative to bankruptcy.

How Credit Counselling Services Can Help You with Consolidating Debt 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 TV News Story - Canada's Credit Counselling Society helped Julia get out of debt and avoid bankruptcy with credit consolidation. People living in Alberta are provided with the same options and services in Medicine Hat
  Global TV interviews Julia Fletcher
after she eliminates her debt with
drastically reduced interest and
help from the Credit Counselling
Society. See News Story
  CTV Debt Consolidation Story - Dan took advantage of a debt relief program and non-profit service that is offered to Canadians in Medicine Hat, Alberta
  CTV News interviews Dan Robinson
after he paid off $30,000 in debt with
no interest after getting help from
the Credit Counselling Society.
CTV - Debt Relief 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.

Solutions for Debt That a Credit Counsellor Can Explain to You

There are several options for credit consolidation in Canada that can be explored with the help of a non-profit credit counselling services. Most of these options are typically not provided by banks, credit unions and other lenders.

Credit Consolidation & Debt Payments Through a Debt Management Program

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.

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.

A debt management program arranged by the Credit Counselling Society is supported by your creditors. Your creditors will accept reduced payments and most of them will waive or substantially reduce ongoing interest charges while you make your payments. This saves you thousands of dollars.

If consolidating your payments through a debt management program is an option for you, your Credit Counsellor will explain exactly how it works.

Debt Consolidation Loan

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.

Debt Settlements

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 option for you, your Debt Counsellor will tell you what you need to know about the process. That way you can consider the implications carefully before you make your decision. Any settlement requires a lump sum of money, so that means that you might have to sell some of your assets, take money out of an investment, or talk to family and friends to see how they can help.

Legal Options in Canada for Dealing with Debt

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.

In Canada, we have two main options for resolving debt problems legally. They are a Consumer Proposal and bankruptcy, and both are offered through a licensed trustee.

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.

Credit Counselling Services in Medicine Hat, Alberta Can Help You to Consolidate Credit

To find out how credit consolidation and credit counselling services and options in Medicine Hat, Alberta can help you deal with your debts, contact us now by phone, anonymous online chat, or by email. We will answer your questions and make a no-obligation, free, confidential appointment for you to speak with one of our qualified, friendly Credit 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.

Our credit consolidation program and credit counselling services are available in Medicine Hat, Alberta, Canada, and are often showcased in the media.