At DebtOptionsCanada.com , we work hard to get you back on track with a good credit rating so that you can move on with your life. After all, a ?Good Credit Rating? is the only way you can enjoy the things in life that most people take for granite ? like a home, a car, a vacation, or even college tuition -whatever your priorities are for a comfortable living.
Financial services are about more than just fixing immediate financial problems. They provide you with credit knowledge so you can plan and work towards a prosperous and financially rewarding outcome. When you understand how you can change your spending habits to positively affect your financial outcome, you will wonder why it took you so long to seek debt help.
Real Credit Counselling involves analyzing your current income, expenses and your debt, then working with you to assist in creating a budget that is based on your personal needs and your financial goals.
About Credit Counselling Toronto
Financial advice will be offered specifically to improve your current financial situation and to improve your financial well-being. You and your personal credit counsellor will determine the best credit solutions for your current financial situation. Together you will make important financial decisions, such as, what expenses can easily be eliminated and/or reduced (perhaps trading down to a cheaper car or going out to eat less frequently) from your budget. After a thorough evaluation of your finances credit counselling will help you to put together a budget that you are comfortable with and that works for your money situation.
Once you?ve set the budget you will know if there are enough funds to steadily get your debts under your control again.
The easiest way to fix your own credit, (especially if your debt load is well below $10,000 and you have the personal discipline not to continue to get into debt) is through your own efforts. Try speaking with your creditors in an attempt to work with them. Creditors are aware that receiving some money is much better than receiving none.
Before working with a credit counseling service, verify that it is a reputable organization with good consumer reviews. Ask friends or family for recommendations or contact the Better Business Bureau for referrals. Be wary of any person or organization that promises to eliminate your debt without your having to ever repay it. Also be careful of anyone who asks for large sums of money upfront in order to help you work through your debt.
After you have selected a credit counseling service, you will meet with your designated credit counselor. The counselor will ask you several questions about your income, expenses and all debt. This may be done by filling out a form or application instead. Once the credit counselor has an overall picture of your debt, income and expenses they will determine what percentage of your income can reasonably be used to pay your creditors. The credit counselor will then act as an intermediary between the debtor and his or her creditors. The counselor will negotiate with the financial lending institutions and ask them to accept a monthly payment amount that the debtor can actually afford. Once they go through this process with all of the creditors and lenders, the credit counselors will formulate a repayment plan and they will also typically close out your accounts so that more debt can?t be added. Credit counseling organizations typically charge the debtor a monthly fee that they then distribute to the creditors according to the repayment plan. If a debtor stops paying the monthly fee and/or drops out of the program, the balances and interest rates tend to go back to what they were before enrolling in credit counseling.
About us,
At DebtOptionsCanada.com , we work hard to get you back on track with a good credit rating so that you can move on with your life. After all, a ?Good Credit Rating? is the only way you can enjoy the things in life that most people take for granite ? like a home, a car, a vacation, or even college tuition -whatever your priorities are for a comfortable living.
Contact us,
Debt Options Canada
5940 MacLeod Trail SW, Suite 500
Calgary AB T2H 2G4 Canada
Toll Free 1-888-314-0000
Fax: 403-974-3299
Email: info@DebtOptionsCanada.com
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Really helpful post... Every one wants debt relief now a days.. Credit counseling help us regarding this relief and we can pay off debt and avoid filling for bankruptcy.
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