Are Not-For-Profit Credit Counselling Agencies Now Just Debt Collectors? – Debt Free In 30 – A Personal Finance Podcast. A debt collector does just what the name suggests: they collect on unpaid debt. They won’t review all your debt relief options with you or give you a plan that makes debt repayment realistic and affordable. Their only goal is to recover as much debt for the creditor as possible. That’s how their business makes money.
You might be shocked to learn that not-for-profit credit counselling agencies are now operating the same way. In fact, they are formally registered with the Ontario government as debt collection agencies. Credit counselling agencies have changed. Most are no longer registered charities. Credit counselling agencies don’t do a lot of budgeting or actual counselling anymore either. Credit counselling organizations in Canada today are big, national call centers. Now when you call a credit counsellor, you’re sold a debt management plan (DMP), where you repay 100% of the debts you owe, but with a lowered interest rate. Credit counselling companies sell this regardless of whether that’s the right course of action for you because they are sponsored by financial institutions to do so.
We take a deep look at why not-for-profit credit counselling agencies have become nothing more than debt collectors. We also examine the implications for you as a debtor in need of help.
Are your creditors now calling you at work? Stop collection calls with a solution to your debt problems now. Call us today. 1-888-527-8999
Credit counselling is a way to impart proper guidance and support on consumer credit, money and debt management. Know more
More info at http://www.debtcounsellinghelp.co.za or
call us at: 076 514 3756 (in South Africa)
We will notify the National Credit Regulator and all your creditors that you have applied for Debt Counselling as soon as we receive your completed form 17 application form via fax or email.
The NCR will then notify all credit bureaus that you are in debt counselling. When someone does a credit check on your profile, they will see that you are in debt counselling. Under ‘notes’ on your credit file is will state ‘under debt review’.
Creditors may not give you credit when they see this note on your credit file.
When you completed your debt counselling, the note will be removed from your credit file. We will notify the NCR and credit agencies that you are debt free and they will remove the note from your file.
You are now free to apply for credit again.
How Can Credit Counselling Stop Wage Garnishment? Recent interview series, Part 9, where Avineet Kalsey tells us how using their credit counselling services can put a complete stop to wage garnishment and ease the pressure of debt once and for all.
Debt reduction is front and center on many Canadians’ minds right now with soaring household debt levels – it doesn’t have to be this way – call our experienced credit counselors such as Avineet Kalsey right now. You don’t need to struggle with debt, BSCC can help reduce your debt by over 50%-90% RIGHT NOW – call us today at 1-866-790-8984 – its free!
Business Solutions & Credit Counselling Services
12033 92A Ave #205 Surrey, BC V3V 4B8
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
#210-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
or Nationwide call: 1-866-790-8984
Don’t spend another year racking up unnecessary debt and dig yourself deeper into an unrecoverable situation – we can help! You can avoid going into bankruptcy – it’s a negative mark on your credit and can last for 7-10 years – where a neutral credit counseling notation is REMOVED once someone completes the program. You really can turn your financial life around quickly – just call us and receive a free evaluation of your situation with some helpful advice and absolutely no obligation to take any action if you don’t wish to.
Remember – you DO NOT (and in a lot of cases, SHOULD NOT) always have to go into bankruptcy – we can share valuable information about your options that your bank or other credit counseling companies may not be willing to share with you – because it’s not in their best interest! We work on YOUR behalf, and thus ensure that you receive the very best information for your specific situation. Contact us today at BSCC for a free consultation about your finances – 2018 can be your year that you begin on the journey to finally becoming debt free!
For over a decade, the professionals at Business Solutions and Credit Counselling Services (BSCC), a registered, government-approved credit counseling firm, has assisted hundreds of thousands of consumers throughout Canada to avoid declaring bankruptcy, prepare a consumer proposal, rebuild their credit rating, and pay off their excessive charge card debt. These are clients who were once struggling to manage excessive debt and financial obligations. We work with each client individually, designing manageable, realistic programs to relieve their financial burden and stress.
For more information about using effective debt counseling nationwide wherever you live in Canada – and how to avoid bankruptcy and becoming debt free from high credit card debt or even business bankruptcies, please visit us at http://www.bscc.ca or call 1-866-790-8984 today! We have credit counseling offices in Toronto, Vancouver (Surrey), Calgary, Edmonton, and Abbotsford.
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The main misconception about bankruptcy is that it is the only option. Call us today and we will find the best solution for you. 1-888-527-8999