Debt Help & Credit Counselling in Oshawa, Ontario

Oshawa, Ontario Credit Counselling Services

If you’re in debt in Oshawa, Ontario then you might be looking for an effective and efficient solution.

No matter where you live in the city or your financial situation, professional and expert advice could prove to be invaluable in the long term.

And at Bankruptcy Canada, we can offer you exactly that.

Offering a range of debt relief solutions, we’re your first port of call if you’re looking for assistance with consumer proposals, filing for bankruptcy, debt consolidation or debt settlement.

We’ve even got advice and guidance surrounding credit counselling.

Working with our partnered Licensed Insolvency Trustees in Oshawa, you’ll be on the path to successfully eliminating your debts.

Recognizing that everyone’s financial situation is unique, they’ll identify what solution is suited to you.

So to find out more, it’s a good idea to book a free consultation with one of our Ontario-based Licensed Insolvency Trustees today.

Weighing up Your Options

As everyone’s financial situation is unique, you need to have one that aligns with both your debt, budget and lifestyle.

Consumer Proposal 

Part of this process will be looking into filing a consumer proposal – and whether it’s the best path to take for you.

A consumer proposal is a popular solution to debts that will settle the debt.

Consolidating them, there are many significant benefits that you can reap from opting to do this; including stopping a wage garnishment, dealing with any payday loans, ensuring there is no interest paid on monthly payments and writing off the majority of your debts.

Debt Consolidation 

However, this solution doesn’t work for everyone in Oshawa.

Which is why a debt consolidation loan is also a suggestion that may be made by your trustee.

By doing this, the credit union (or whatever institute you appeal to) will cover your debts.

You’ll then have to repay them, which can be done in a way that’s affordable to you.

It’s important to be aware of the pros and cons associated with this, however.

Filing for Bankruptcy 

You might also be considering filing for bankruptcy in Oshawa.

Of course, this should always be the last resort.

But if other debt relief solutions aren’t suitable, it may be the only way of getting you out of debt.

If this is the case, one of our Oshawa Licensed Insolvency Trustees will guide you as to how to file for it.

Helping Oshawa Residents with Debt Relief Solutions 

As aforementioned, at Bankruptcy Canada, we also can point you in the right direction towards credit counselling services.

A task undertaken by a Licensed Insolvency Trustee, they will assist you to create a personalized financial plan.

A vital step towards a better financial future, they assess your situation in a confidential and empathetic way.

A spending plan can then be created, that’s designed to help you manage both your debts and your monthly living expenses.

If a further step alongside budgeting needs to be taken, they will create a debt management plan which may entail debt consolidation.

Through working with them, you’ll be able to get back to your ideal financial situation in as little as 5 years.

What Type of Debt Issues Can They Help With?

You may be looking for debt help & credit counselling in Oshawa, Ontario because you are facing one of the following issues:

 

  • Credit card or student loan debt.
  • Payday loan debt or financial stress caused by a borrowing cycle.
  • High-interest loans.
  • Tax debt.

 

Debt Help & Credit Counselling in Oshawa, Ontario 

If you’re interested in finding out more, then you can get in contact with one of our Ontario-based Licensed Insolvency Trustees today by either emailing them or giving them a call on (877) 879-4770.

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