Credit Consolidation Solutions, Credit Counselling Services and Options in Regina, Saskatchewan | Canada
Are you looking for credit consolidation solutions in Regina 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 Regina, Saskatchewan 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
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
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 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.
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.
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.
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 Options in Canada for Dealing with Debt
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.
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 Regina, Saskatchewan
To learn more about how credit consolidation and credit counselling services in Regina, Saskatchewan 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 306-525-6999. We’re happy to help you.
124A - 1621 Albert Street
Regina, SK S4R 8G9