Credit Consolidation Solutions, Credit Counselling Services and Options in Whitehorse, Yukon | Canada
Are you looking for consolidating credit card payment solutions in Whitehorse 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 Whitehorse, Yukon to help you find debt repayment solutions and alternatives to bankruptcy.
Help from Credit Counselling Services to Consolidate Credit & Debt 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.
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Credit Counselling Society.
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|CTV uncovers how Dan Robinson
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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 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.
Credit Consolidation & Debt Payments Through a Debt Management Program
Not-for-profit credit counselling services in Canada, such as yukon-territorythe 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.
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 Loan
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
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.
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
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 Whitehorse, Yukon
To find out how credit consolidation and credit counselling services and options in Whitehorse, Yukon 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.