If you are considering entering into a Credit Counseling or a Debt Management Program (DMP) in Canada, it is important to know the Pros and Cons of this debt program. A Credit Counselor can go through the other Pros and Cons, but this video focuses on how it affects your credit. Learn the Pros and Cons of this debt program, so you can know if it is the best solution for you and your family!

Which debt program is better for your Credit in Canada
https://youtu.be/q70E531ldqw

Credit Counseling or DMP Summary Image
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Comparing Debt Program Summary
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Pros and Cons of Bankruptcy – https://youtu.be/cvP1rDpt9ew
Pros and Cons of Consumer Proposal – https://youtu.be/3AI43NFT-U0
Pros and Cons of Orderly Payment of Debt (OPD) – https://youtu.be/MSK-fdILCPw
Pros and Cons of Debt Settlement – https://youtu.be/jHrNzW9NcjQ
Pros and Cons of a Consolidation Loan – https://youtu.be/0Uy_ZzozgUY

Why a High Score is not enough!
https://youtu.be/B0go_iYJ5eI

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DISCLAIMER This YouTube channel is produced for your general education and entertainment. We have done our best to ensure that the information provided is correct and helpful, however, nothing on this YouTube Channel should be considered financial advice. We cannot be held liable without knowing your specific credit or financial situation. Email me directly at info@CreditGame.net if you would like a one-on-one consultation.

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Helps Nonprofit Law Firm Executive Director Eric Olsen discusses debt management and whether or not they are a help to persons receiving social security income.

HELPS Website: www.helpsishere.org

Report from Citizens Advice shows that many people are being misled by some debt management companies. This ultimately ends up with people being worse of than when they started. Citizens Advice has likened the situation to the payday loan situation a few years ago.

For more information regarding this video, check out this link: https://www.debt.com/credit-card-debt/management-program/

How does a debt management program work?

With a debt management program, credit counselors negotiate with your creditors to accept a new payment plan and lower interest rates. Interests range from zero percent up to about eleven percent depending on the creditor.

All of the debts are consolidated into one monthly payment that works with your budget.

The large reduction in interest enables you to pay off the debt faster and more money each month goes towards principal. Most people complete the debt management program in about three to five years.

Enrolling in the program usually doesn’t have any negative impact on your credit score as long as you keep up with the payments. In fact, many people with low credit scores at the start of the program usually see their credit improve by completion. Since your creditors agree to the payment plan, it helps you build a positive credit history as you pay off your debt.

The best way to find out if this solution will work for you is to speak with a certified credit counselor who will evaluate your finances. If a debt management program is your best option, they can help you enroll. Otherwise, they’ll let you know which solution you should pursue.

If you enroll in a debt management program, the credit card accounts you include will be frozen and you will not be able to use those cards. In many cases, you can also include medical debt and payday loans.

Debt management plans are a great way to help your family get out of debt and continue to reach your financial goals.

To get started, simply fill out our form or better yet, call us now, and we’ll match you with the best solution for your situation, for free. We are A- plus rated by the better business bureau and have helped thousands of people become financially stable.

So, don’t struggle any longer, give us a call. When life happens, we’re here for you.

With a debt management program, credit counselors negotiate with your creditors to accept a new payment plan and lower interest rates. Interests range from zero percent up to about eleven percent depending on the creditor.

All of the debts are consolidated into one monthly payment that works with your budget.

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Set up a payment schedule to repay your debts. A Debt Management Plan can improve your financial and credit standing. For confidential advice from an NFCC trained, certified counselor, call 1-800-388-2227 or visit www.DebtAdvice.org.

If you’re dealing with a debt management or debt settlement company over unpaid debts, you need to listen to what Attorney Eric Olsen has to say. You may not have to pay those old debts back!

If you’re a senior in #debt, the law protects you in many ways that you may not know. Hear Attorney Eric Olsen, Executive Director of the HELPS Non-profit Law Firm, explain why seniors may not have to pay back old debts.

Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.

For why seniors don’t have to worry about old debts, watch https://youtu.be/FDlyud-vG90

To learn how seniors can avoid paying taxes legally, watch https://www.youtube.com/watch?v=xv7Om8SAIAM

To watch Attorney Eric Olsen explain why seniors don’t have to worry about student loans, check out https://www.youtube.com/watch?v=PE4a7oaxc1E

To learn when seniors should consider Bankruptcy, watch https://www.youtube.com/watch?v=Iu0fy8JujGo

Subscribe to SeniorLiving.org on YouTube:
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For more tips for seniors: https://www.seniorliving.org/

If you’re interested in joining the hundreds of thousands of families who’ve found senior living communities on SeniorLiving.org, read the reviews on our website: https://www.seniorliving.org/housing/

To contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.

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Like to save money? Please watch: “The Best Senior Citizen Discounts”
https://www.youtube.com/watch?v=9U0N7-xDx-0
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When choosing a credit counselor, be wary of agencies that use aggressive tactics and always get written disclosures. Find a credit counseling agency that is a member of the AICCCA with tips from a certified public accountant and credit counselor in this free video on debt management.

Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey

You owe it to yourself to get in touch with us now and learn how you can become debt-free.
Our credit counselling and debt consolidation program is completely confidential, so your privacy is assured.
Here is your opportunity to consolidate debt, pay off outstanding credit cards, escape from high interest rate loans, and cut your monthly payments to one single amount that you can afford. Yes, you can be debt free, and faster than you may think.
For many people, debt consolidation is the best way, and sometimes the only way, to end the stress of credit card overspending and high interest rate loans.
Using our debt consolidation and credit counselling program, you could save thousands of dollars in interest payments.
We can help you. One call is all it takes to put an end to the stress.
Take a moment to contact us. We’ll explain how our debt consolidation and credit counselling programs can help you eliminate debt faster ever thought possible.
Toll free 1-877-220-3328

A debt consolidation program takes money owed to creditors and places it in one lump sum that will be distributed among the creditors. Discover how a debt consolidation program can hurt a credit score with help from the owner of a debt negotiation company in this free video on debt and money management.

Expert: Peter Repak
Contact: www.ClearFinancialCompany.com
Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company.
Filmmaker: Christopher Rokosz

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