Don’t let debt consume you

Are you one of the many Canadians who are in debt and don’t know your options? We can help! Turn your unsecured loans into a secured loan and save hundreds of dollars monthly.

Types of debt we will help you with

  • High interest credit card debt
  • Property tax arrears
  • HST arrears
  • NOA arrears
  • Unsecured loans
  • Second mortgages
  • Any other high interest debt

 

 

Why consolidating your debt is your best option

Consolidating your debt and using your home as collateral is the cheapest way to access funds. Therefore, switching your high interest debt to a lower interest debt will lower payments, freeing up cash that can be used to pay down your debt faster or used for other purposes.

I do not suggest that you claim bankruptcy unless it is absolutely necessary. Once you claim bankruptcy this information will remain on your credit report for a minimum of 6 years. The banks or institutions you defaulted on will make an internal record of the defaulted payments and are unlikely to loan you funds in the future. This will hinder your future access to funds and the interest rate at which you are able to borrow.

Many people believe that consumer proposals are a much better option than bankruptcy, but do not realize that it has the same effect on their credit. Most lenders will view both as equally negative and therefore hinder your chances of obtaining credit in the future.

How does it work?

Once you have Contacted Me for a free consultation, we will set up a meeting to discuss your current financial situation and how we can help. The first step will be to fill out an application which will allow me to assess your income, liabilities and home value. Based on the information within the application we will assess your best option. For most people, their best option will be to consolidate their consumer debt with their mortgage as this is always the lowest interest debt. Your options may vary depending on your application, nevertheless we will keep our clients fully informed.

Still not sure we can help?

For any questions or concerns please Contact Me. We are very transparent and our client’s satisfaction is our number one priority. We are very happy to address any concerns and make sure that you are fully informed.