Hamilton Credit Counselling

Credit Counselling in Hamilton, ON

Are your debts affecting your health, sleep, and relationships?

Do you struggle to make your minimum credit card repayments each month and feel like your money problems are running away with you?

Take a deep breath, you are not alone and we are here to help.

We help people struggling with debt to achieve a fresh financial start

If you’re struggling with debt in the Hamilton area, then you could benefit from our Hamilton Credit Counselling service.

As Canada’s leading bankruptcy and debt experts, we have more than 430 licensed trustees located across Canada, waiting to help you sort out your financial situation.

Read on to find out about how our credit counselling services could help to get you out of debt for good.

How can credit counselling help?

It’s very easy to feel alone when experiencing debt or money troubles, but credit counsellors are here to share some of that burden.

Credit counselling is a fully comprehensive debt relief service that is designed to help you find and address the root cause of your debt and to come up with a strategy to help you pay what you owe.

Despite being referred to as a single service, credit counselling actually consists of many debt relief services and will provide you with help on budgeting, teach you about money management and will be able to offer guidance on debt relief services such as credit consolidation, consumer proposals and bankruptcy.

Here at Bankruptcy Canada, we specialise in providing credit counselling services to those in the Hamilton area and beyond and have been advising people about debt for more than 20 years, making us the perfect people to reach out to for help.

Don’t delay, get the help you need today.

The benefits of using a credit counselling service

When it comes to being in debt, time is of the essence.

Every second you waste and every day that goes by without you taking action only adds to your overall financial burden.

It can be tempting to isolate yourself and to try and deal with debt yourself, but in reality, this is often not the best strategy and will result in you falling further and further into the cycle of debt.

The good news is, that thanks to debt counselling you don’t need to tackle debt alone.

Here are some of the benefits that you can reap by simply reaching out to a credit counselling service in Hamilton for help.

• You could save thousands of dollars in interest

By taking action quickly, and working with a credit counselling service to reduce your debt, you could save thousands of dollars in interest, lowering your overall repayment amount.

Debt counsellors can also reach out to your creditors directly, often securing you lower interest rates and fixed payment periods that can dramatically reduce the cost of what you owe.

• You no longer need to worry about collection calls from creditors

As soon as you seek help from a credit counselling service, your trustee will be able to begin negotiations with your creditors on your behalf to stop the collection calls and threatening demands that make your life a living hell.

During a debt management program, your credit counsellor will speak directly with each of your creditors to put together a repayment plan that is personal to you, often securing you a lower interest rate and a more manageable monthly repayment.

These repayment programs typically last between 3-5 years, after which the debt is wiped clean.

• You could turn multiple debts into one

If you have multiple debts across different credit cards or to different loan providers, then working with a credit counsellor can help you to consolidate these debts into one, low-interest monthly repayment that is much easier for you to keep track of.

• You will learn lifelong budgeting and financial skills

For credit counsellors, getting you out of debt is only one of their concerns, they want to see you escape the cycle of debt for good.

As a part of their service, credit counsellors will be able to teach you important lessons about financial planning, budgeting and managing your money and credit responsibly that will stand you in good stead for the future.

• You can discuss discharging your debts

Depending on how much you owe, you may also wish to discuss discharging your debts through a consumer proposal or by declaring bankruptcy.

Your credit counsellor will be able to run through how each of these options will work, potentially saving you many of your assets while also allowing you to wipe your financial slate clean.

If I use a credit counselling service do I need to declare bankruptcy?

Absolutely not.

Many people have a fear of bankruptcy, but there’s no need to be afraid of credit counselling.

In fact, credit counselling is widely considered to be an alternative to bankruptcy, helping people to find alternative ways to pay their debts.

We will help you to avoid bankruptcy wherever possible

We may be experts on bankruptcy, but that doesn’t mean that we will steer you towards a bankruptcy decision.

Our only goal is to help you to get out of debt, and there are many other avenues for us to explore before we look at bankruptcy as a last resort.

If it does turn out that bankruptcy is the best choice for your financial situation, then rest assured that we will be with you at each stage of the process, guiding you and providing you with the advice and support that you need throughout the insolvency and bankruptcy procedure.

Credit counselling in Hamilton

If you’re ready to get out of debt for good, then it is time to get in touch with us at Bankruptcy Canada.

Contact us now by phone or by email for a free, confidential and no-obligation consultation with one of our licensed trustees and ask to hear more about our credit counselling services in the Hamilton area.

Whether your debts are big or small, we are here to help.