Consolidation of Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in Manitoba | Canada
Are you looking for credit consolidation solutions in Manitoba 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 Manitoba to help you find debt repayment solutions and alternatives to bankruptcy.
Help from Credit Counselling Services to Consolidate Credit & 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 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 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
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.
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 give you information about why a loan may or may not work for you, and what to do if you think you might have trouble making the payments.
Borrowing more money to pay off what you already owe on your credit cards and unsecured debts might sound like a good idea, but for some people, it just gets them further into debt. Based on your credit rating, your lender may be able to offer you a consolidation loan. Either with the help of a co-signer, or not, this would let you pay off your other debts.
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 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.
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
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.
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.
How to Get Help to Consolidate Credit with Credit Counselling Services in Manitoba
To learn more about how credit consolidation and credit counselling services in Manitoba 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 1-888-527-8999. We’re happy to help you.