Consolidating Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in West Vancouver, BC | Canada
Are you looking for credit consolidation solutions in West Vancouver 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 West Vancouver, BC 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 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 Management Program for Credit Consolidation & Debt Payments
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.
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.
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.
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.
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 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.
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 West Vancouver, BC Can Help You to Consolidate Credit
For more information about how credit consolidation and credit counselling services in West Vancouver, BC 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 604-527-8999. We’re happy to help you.
Office Serving West Vancouver
Suite 495 - 1140 West Pender Street
Vancouver, BC V6E 4G1