Credit Consolidation Solutions, Credit Counselling Services and Options in Abbotsford, BC | Canada
Are you looking for credit consolidation solutions in Abbotsford 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 Abbotsford, BC 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.
Debt Solutions, Explained by a Credit Counsellor
There are options for credit consolidation that are available in Canada through non-profit credit counselling services which are not available through your bank, credit union or other lender.
Debt Repayment Program to Consolidate Credit & 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.
Creditors support debt management programs which are arranged by the Credit Counselling Society, saving you thousands of dollars. They will accept smaller payments from you, and most will eliminate or significantly reduce interest charges while you make your payments.
If a debt management program to consolidate your payments is a debt relief solution for you, your Debt Counsellor will give you more information so that you know how it works and how it can help you.
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.
To come up with the money for a settlement, you may need to sell assets, cash in investments or borrow money from family or friends. If a debt settlement is a good option for you, your Credit Counsellor will explain it to you and answer your questions.
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.
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 Abbotsford, BC
To learn more about how credit consolidation and credit counselling services in Abbotsford, BC can help you eliminate debt, contact us now by phone, anonymous online chat, or by email. We will provide you with information and arrange a no-obligation, no-cost, confidential appointment for you to meet with one of our professionally trained Credit and 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 604-859-5757. We’re happy to help you.
Suite 101A - 33140 Mill Lake Road
Abbotsford, BC V2S 2A5