Credit Card Debt Consolidation Canada

Credit card debt consolidation in Canada, learn how to get debt free while lowering your monthly payments. Consolidate debt without consolidation loans, we offer 100% pure Canadian credit card debt consolidation services through our affiliated credit counselling partners. Why is this important to note? Since 2010 Canada has become under attack from American debt settlement companies looking to try an exploit Canadians who are struggling with their debts. These companies use false advertising and commission based sales people with sales pitches that can be very misleading in an attempt to try and make a fast buck. Luckily many Canadians can see those claims as too good to be true, but others have fallen victim and ended up in worse financial shape instead of the debt freedom they were hoping for.

Our site offers the finest credit consolidation services including Canadian debt consolidating programs and Canadian debt settlement services through affiliated Canadian debt counseling professionals. If you need help with a debt problem then use the FREE form on the right to talk to a Canadian debt management professional who can help you regain financial control over your life once again. This is an absolutely no obligation free consultation service that could end up saving you thousands in interest and debt payments.

Do Debt Consolidation Loans Work?

When you get so far into debt that you think you can never get out from under the rug, then think again. You do have some options. One to apply for credit card debt consolidation loans to consolidate or pay off your debts and the other is credit counselling. The more preferable option is to consolidate debt using debt consolidation loans and get a fresh start without involving your creditors, but if your debt load is far greater than you can manage given your circumstances then to consolidate debt through credit counselling and credit consolidation programs may be your next best recourse.

To consolidate debt through credit counselling offers a range of services that include advice to debtors and suggested solutions to help consumers deal with serious debt problems. These suggestions often include making informal arrangements with creditors, consolidating debt in one payment, and in the most serious situations recommending that a debtor declare bankruptcy.

There are for profit and not for profit debt counselling services in the marketplace and the differences between them are in their fees structures, services offered, and the expertise and experience of their staff. Some of the Not for profit credit counselling firms tend to be a tiny bit cheaper but for profit debt and credit consolidation companies (in Canada) often have more qualified staff. Either type will assist you well in getting out of a debt crunch in the fastest and most effective manner possible.

Usually the process will work by having a free phone interview or consultation with your credit counsellor after which they will access your financial situation and provide you with a report that outlines your current credit score or rating and begins to discuss your options for moving forward. If possible they will help set you up in the debt management program that restructures your debt under a credit consolidation arrangement.

In this process the credit counsellor will negotiate with your creditors on your behalf and convince them to take a less than the full amount of payment in return for a guarantee of payment. They then arrange a payment schedule for you that you can afford to pay and over a much shorter period of time. This process will quickly help you to consolidate debt with the end goal being to cancel out your debts and get a clean slate.

It only takes a minute of your time to fill out the short contact form on the right. A fully qualified Canadian credit and debt consolidation professional will contact you to help you out of your debt situation. And YES, this is a free no obligation service for Canadians, by Canadians... eh!