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The stress of debt can influence not only your spending habits but the quality of your life. Recall those periods of life when you had little debt worries? A debt consolidation in BC can substantially reduce your monthly payment.

 

“The average Canadian now owes $22,081 in consumer debt, a figure that doesn’t include any mortgages”- Equifax

 

Many British Columbians with a fixed salary will continue to pay for this debt well into retirement and have no savings for themselves or their children.

Bad debt can erode your ability to sustain your living costs while you approach your senior years.

For seniors, your debts will affect the estates that you leave behind for your loved ones. Take action to repair your debt & rebuild your financial foundation.

Contact us today for a debt consolidation solution!

 

Debt consolidation bc

 

Debt Consolidation / Option 1

Consumer Proposal

Manage your unsecured debt with government regulated solutions. This type of debt consolidation will include your balances from credit cards, term loans, lines of credit, tax debts & more (just ask).

A consumer proposal will:

  • Stop creditor & collection calls
  • Lowers & eliminates interest payments to numerous lenders
  • Protects your assets from creditors
  • Halt wage assignments or garnishments

 

Debt Consolidation / Option 2

Bankruptcy

When you are unable to pay your debts due to a lack of cash flow or similar circumstance; a legal assignment into bankruptcy or receivership might be the best course of action for you. Typically good for those people with not many assets.

  • Stop creditor & collection calls
  • Lowers & eliminates interest payments to numerous lenders
  • Creditors and collection calls will stop
  • Your payments and your overall debt are greatly reduced
  • Payments are typically within 1-2 years of filing