Credit Counselling in Selkirk
Credit counselling in Selkirk could be the right service for you if you’re struggling to make your essential payments and it’s affecting your life.
Not being able to pay your mortgage, car loans, and other bills on time can feel terrible.
It can affect both your mental and physical health – some people find that their sleep quality suffers, that their appetite changes, and that they are irritable with their loved ones.
However, there’s always a solution for those who want to get back on the right track to financial stability.
If this resonates with you, our team can help you to put an end to these feelings and turn your financial situation around with credit counselling services in Selkirk.
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Credit Counselling is particularly good for those who wish to come up with a plan to achieve their financial goals and get out of debt while avoiding bankruptcy.
Read on to learn more about credit counselling and how Bankruptcy Canada can help you.
More About Selkirk Credit Counselling Services
Bankruptcy Canada is a non profit credit counselling service in Selkirk and the surrounding areas.
We help people to improve and eliminate a number of financial issues, including bankruptcy and debt consolidation.
When you choose to consult with us, we can advise you on your options and help you to find the perfect solution for your unique situation.
Our counsellors are officially credited and experienced, and have helped many people over a 20 year period to get back on track financially.
We are completely transparent, and we can help you on the road to a happier, more financially stable future.
We will start by assessing your financial situation in a non biased way and give you the advice we best feel will help you.
You won’t receive any judgement from us about your financial situation – we understand that being honest about your financial situation can be tough, but we can almost guarantee we have helped people in your situation in the past.
We’ll help you to come up with a budget so that you can get everything back on track, and can help you to take other steps to improve your situation, such as consolidating your debts.
Consolidating your debts may sound intimidating, but we can help you every step of the way.
What Is Debt Consolidation?
Debt consolidation is just one solution to financial issues, and isn’t necessarily suited to everybody.
This is where you take out another loan, using it to pay off all of your current debts (not including secured debts).
You then only have one monthly payment to make.
This usually results in lower interest rates and less money paid out over time – many people save thousands in interest rates.
You’ll also immediately stop stressful credit collection calls as those debts will be paid off.
This could be a good choice for those who have credit cards, store cards, and other unsecured debts that they are struggling to pay off.
Who Needs Credit Counselling?
Technically, most people could benefit from credit counselling.
Financial management isn’t something that we’re taught in school, so we often pick up our financial beliefs, habits and attitudes from the people around us.
If our parents struggled with money, there’s every chance that we will also struggle with money.
However, many only seek our credit counselling once they feel they have no other option and don’t know what else to do.
This usually leads to bankruptcy.
Those who would like to resolve their financial struggles without having to declare bankruptcy will benefit massively from credit counselling.
Not only will you leave a credit counselling session in Selkirk with a list of action steps so you know exactly what to do to overcome your troubles, you’ll also know what you need to do to stay out of debt for good.
We provide comprehensive financial education amongst other important tools that will help you to see money in a new light and begin working towards the stress-free financial life that you dream of living.
The Pros And Cons Of Credit Counselling
There are numerous pros to credit counselling.
Upon booking a credit counselling session in Selkirk, our team will help you to feel confident when managing your money.
You will then feel able to move forward in peace and security.
You’ll know exactly what to do, and if you put the work in as discussed, you’ll be able to turn your situation around in a matter of years.
It may seem a long way off, but we can help you to work out a timeline that suits you, too.
You’ll get out of debt, find ways to effectively manage your money over time, stay out of debt, and be able to save money for the future.
You’ll also be able to avoid bankruptcy, which is not the end of the world but can be damaging to your credit and may hinder you in the future.
Many people declare bankruptcy as a last resort, and taking action before it gets to that point is beneficial.
The downside of credit counselling is that it shows up on your credit report as an R7.
This isn’t a huge deal, however, and the benefits you will get from credit counselling far outweigh this downside.
That being said, it’s worth considering how this will affect you.
You won’t be able to apply for new credit while having credit counselling, and depending on your situation, all of your debts may not be covered.
Why Work With Us?
We are Canada’s top bankruptcy and consumer proposal website and have been online for more than 20 years.
We can help you, educate you, and give you hope for a brighter financial future.
Our debt and credit counselling services in Selkirk maintain the highest standards of transparency and accountability, so get in touch with us today to learn more!