We can help balance your money
You are not alone! Most people experience difficulty paying off their debts. If no steps are taken to minimize debts early, debts can accumulate to an extent that one cannot help but put off their minimum monthly payments leading into an unmanageable debt load. We can help you provide options that will reduce your debt load by more than 50%!
Our services can provide you with simultaneous debts options, settlement procedures such as Refinancing & Debt Consolidation, Debt Settlement, Consumer Proposals, Bankruptcy and Credit Counseling.
Financial stability is a key element of individuals to enjoy freedom in life. Financial freedom allows a person balance their debts effectively. We can provide an in-depth analysis of debts to help you with possible solutions.
Our Mission is to offer the best and the most cost effective custom made debt solution program for individuals achieve financial freedom and to help individuals reestablish their credit for future financial stability and prosperity.
Services we offer
Refinancing & Consolidation: Do you own a home? If you do, debt consolidation could be an option using the available equity of your home allowing you to have a positive cash flow.
Debt Settlement: Do you have unsecured debts? With the expertise in debt arbitration, debt negotiation and credit settlement we can negotiate with your creditors (banks, lenders and credit card companies you have taken money from) towards settlement of reduced balance.
Consumer Proposal: A procedure we use to help you reduce your total debts by more than half (50%) by negotiating with all the creditors you have taken money from. This will allow the insolvent debtor (YOU) to avoid bankruptcy.
Bankruptcy & Insolvency: When a person is unable to pay debts, the Bankruptcy & Insolvency Act can be applied if the person is (1) insolvent, that is, potential bankrupts, (2) persons who declare themselves bankrupt, and (3) persons who have been placed into bankruptcy by their debtors. Simply put YOU are unable to pay creditors.
Credit Counselling: A process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit counselling establishes a planned method of debt relief, typically through a Debt Management Plan.
Debt Consolidation
Refinancing & Consolidation: Simply put we can add all your debts into your current mortgage balance and wrap it up with one loan for a period of up to 30 years to bring down your monthly payments. This will help to free some of the cash you need to run day to day house hold expenses.
Here’s how it works.
Let’s assume that you have a house worth $300,000. Your mortgage balance is $220,000 and you pay a monthly mortgage of about $1,100. In addition, you have $30,000 debts (Lines of credit, Visa, Master Card etc) and pays about $900 a month making a total monthly payment of $2,000 ($1,100 + $900 =$2,000).
WHAT WE DO: We will arrange a new 1st mortgage of $250,000 ($220,000 + $30,000) with a monthly payment of $1,250 at a lower interest rate than what you are paying now. YOUR MONTHLY SAVINGS: $2,000 less $1250 = $750)
Consumer Proposal
Consumer Proposals: One can obtain a consumer proposal for up to $250,000 debts. If you owe money up to $250,000 and not in positions to pay the required monthly minimum payments, then it’s time to file a Consumer Proposal. We can step in and HELP YOU OUT. We will analyze your monthly income and all expenses to find out how much of your earnings should go towards paying your debts off not the Creditors. (People you owe money)
To help you out we developed an easy to use CALCULATOR to show HOW MUCH YOU CAN SAVE. Check out the CALCULATOR to find out how much your monthly payment is going to be after we NEGOTIATE with your creditors! Simply fill in the figures in each field and check out your approximately monthly payment. Once you have the figures compare them with your actual monthly payments to find out the saving!
Bankruptcy & Insolvency
Bankruptcy & Insolvency: Your last resort to get out of debts! The objective of claiming Bankruptcy is to minimize further debts in your life. When claiming bankruptcy one of our partner Trustees will look at all your creditors and will determine which creditor has the 1st priority to get your money and the next etc. The 1st priority is given to Secured Creditors, the next will be Preferred Creditors and the last will be General Creditors. To find out more please visit our web site or call our hot line.
Here‘s an example of how bankruptcy proceedings are done.
How It Works: Assume that you have a total debt load of $60,000 and the breakdown is as follows: SECURED LOANS amounting to $25,000,UNSECURED LOANS amounting to $17,000 and the balance of $18,000 to General creditors. Your total debts are $60,000 ($25,000 + $17,000 + $18,000).
In a Bankruptcy procedure once the amount to be paid is determined each creditor will be paid depending on their ranking. First to be paid will be Secured Creditors, second will be Preferred Creditors and lastly General Creditors.
Call our hot line now to connect with a consultant or use the calculator for a self- assessment.
Credit Counselling
Credit Counselling - A process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit counselling establishes a planned method of debt relief, typically through a Debt Management Plan.
Solutions on How to Become Debt Free:
Setting up a budget by tracking all your daily expenses
Avoid Impulse Purchases
Develop a clear, realistic and measurable goal towards your finances
Deal with necessities of life and not just the luxuries
Avoid Purchase on credit cards that have high interests
Save for rainy days (such as expense on home or car repairs and other emergencies)
Stay below your limit in order to avoid potential debt problems
Debt Stress Test
Are any of these debts present? Debts on credit cards, lines of credits, car loans, mortgages, student loans, unpaid governments tax and so forth. Have you paid too much for something, paid a bill late, or even bounced a cheque. How would you know your debt load is manageable, thoroughly reasonable or you are absolutely in debt?
There are too many Canadians who cannot manage with higher debt loads. In fact, some are not aware of the guidelines and maximize their debt payments along with extra spending. Extremity leads at minimum to financial stress and in many cases it is much more than simply stress in result of missed payments, collection calls, loan defaults and bankruptcy. All of these things are common result when debt loads become unmanageable.
What would be the steps that I should consider to make my debt load under control?
First of all, do not overlook the problem. Bring all together and classify all your credit card statements, loan documents and any other obligations, and evaluate how much debt you owe and to whom you owe the money. Analyze your entire expenses and develop a spending plan. In fact, you can cut costs and still meet your obligations. If you are carrying credit card or other high cost debt, you really have to focus on paying these down. You need to be aware of how much interest you are paying by being charged on credit cards and loans.
If your debt becomes a burden, consider our services and the options available. The key is, get some help before it impacts your health and family relationships.
APPLY NOW