Debt Settlement

For most people, debt settlement is the right solution to get back on track quickly.

How to Manage your Debt?

Incurring some debt to get ahead in life can be justified. However, incurring bad debt or not managing debt efficiently can hinder your future.

There are basic steps you can take to manage, reduce or even eliminate your debt completely.

1. Know the difference between good debt and bad debt.
A good debt creates future value such as a home, an education or a business. A bad debt is used to consume goods and services with no lasting value. Typically this involves credit cards or personal loans. Try to avoid those.

2. Keep Track of all your debts
Know who you owe money to and how much. Pay high interest debts first. If possible pay off your credit card bill in full every month. Don’t miss minimum payments to avoid additional charges or collection actions.

3. Have a monthly budget
For more information on budgeting, click on Tips to Manage your Money.

4. Pay attention to warning signs of financial problems
Typical signs would include having no savings, using credit cards to pay living expenses, paying one debt with another, receiving collection calls and letters, not seeing any reduction of your debts over time.

5. Consider taking formal steps to reduce or eliminate your debt.

For more information, contact us or click on How we can help settle your debt.

Your way to financial relief starts here!

We’re here to answer your questions and get you back on track. Schedule your free consultation now in one of our locations in Ontario!


Covid-19 / Update :

Our offices are now completely open again for regular business hours. We will however, continue to conduct as many meetings as possible virtually and we will continue to have many of our employees work from home to keep traffic in our offices to a minimum.

As we do our part to minimize the spread of the virus, visiting our office will now be by appointment only until further notice. This new visitation policy will help us balance the need for social distancing while still being able to provide timely services in an effective manner based on individual circumstances.

Read the full note with our measures