Consolidation of Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in Comox, BC | Canada
Are you looking for credit consolidation solutions in Comox 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 Comox, BC to help you find debt repayment solutions and alternatives to bankruptcy.
Help from Credit Counselling Services to Consolidate Credit & 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
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Credit Counselling Society.
Watch the News Segment
|CTV uncovers how Dan Robinson
paid off $30,000 in debt with no
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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.
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.
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.
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 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 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 Options to Deal with 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.
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 Comox, BC Can Help You to Consolidate Credit
To find out how credit consolidation and credit counselling services and options in Comox, BC 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.