Q. I have a bad credit score. Can I get a debt consolidation loan?

A. Your credit score is a reflection of how you handle credit and debt. A bad credit score shows that you haven’t handled your credit accounts responsibly so a new creditor is unlikely to offer you a debt consolidation loan with a low interest rate.

Even though you may not qualify for a debt consolidation loan there is a way you can reduce your debt and save some money in the process.

It’s called debt negotiation also known as debt settlement. You can negotiate with the creditor or debt collector to settle your debt for less than what you owe. Of course, your lender will need to accept the settlement and agree to cancel the remainder of your debt. Most of them will agree to settle since they would get nothing if you decided to file for bankruptcy.

Plus, debt negotiation is not as severe a hit to your credit score as a bankruptcy filing.

If you don’t want to hassle negotiating with your creditors, you can hire a BBB accredited debt negotiation company to do it for you. Visit https://www.nationaldebtrelief.com to learn how to consolidate your credit card debt without bankruptcy.

Just what is credit counselling? How can it help you? BSCC – Recent interview series, Part 8, where Avineet Kalsey tells us what credit counselling is and how it can be your financial lifeline to end the debt struggle once and for all. Get your life back on track today!

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!

or Visit:

Business Solutions & Credit Counselling Services

Surrey/Vancouver office:
12033 92A Ave #205 Surrey, BC V3V 4B8
Tel: 604-951-8984
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Toronto Office:
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
Tel: 905-789-8984
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Calgary Office:
#210-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Tel: 403-714-8984

Edmonton Office:
Tel: 780-716-8984

Abbotsford Office:
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Tel: 604-951-8984
or Nationwide call: 1-866-790-8984

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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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More info and debt help can be found at http://www.debtcounsellinghelp.co.za

Today’s questions:

I have received a Summons, can you help me?

The biggest mistake that most people make is to leave debt counselling to late. As soon as you have received a summons from your creditor we cannot stop repossession. You can however still ask your creditor to stop the repossession.

You will have to negotiate a new repayment plan with your creditor. As soon as we have detail of your new payment plan and your creditor has agreed that you can place the payments under debt counselling we can continue with debt counselling.

The attorney of the creditor will normally send you a Section 129 final warning before the issue of a summons. You will have 10 working days to apply for debt counselling after the issue of this notice. If you don’t apply in this time you will not be able to include this debt under debt counselling.

Do not ignore a Section 129 Notice or summons. It will not go away by itself. We will help you. Doing nothing is the worst thing you can do.

Contact as soon as you can when you get the Section 129 Notice.

Do you wanna know the difference between debt settlement and debt consolidation?

Let’s start with debt settlement.

Debt settlement is a program where you can settle your debts for less than what you owe.

How the process works is you enroll into a debt settlement program, they use their top negotiators to negotiate down your debts on your behalf so that way you can pay less.

Every debt settlement company is a little bit different, so make sure that you talk with your debt expert.

Do some comparisons to make sure it’s the right program for you.

Debt settlement could be very beneficial to people who are financial hardship due to a job loss, an unexpected medical bill, or maybe they just can’t afford to pay what they owe anymore.

In a debt settlement program, your credit may be impacted negatively.

However, under the FCRA, the Fair Credit Reporting Act, that your creditors have to report your accounts accurately, and that means every settlement we help you obtain will help your credit score go up.

Now, let’s go over debt consolidation.

Debt consolidation is when you take your old existing debt amounts that have high-interest payments and then you transfer the balances onto a bigger balance of a credit card or a loan with a lower interest rate to lower your monthly payments.

This is great if you wanna pay off your debts over a certain amount of time and you’re able to do so.

The dangers is a lotta people just raise their standard of living artificially through debt because now they have their old credit cards and loans that have zero balances and then they start using those as well, and then they end up with two payments and they’re in a worse situation than they were before.

If you would like more information on debt settlement or debt relief, visit us on our website at Alleviatefinancial.com.

Schedule your free debt analysis with an Alleviate Financial Solutions debt expert here -https://alleviatefinancial.com/get-st…

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Result of Small Debt Counsellor Category at the 2020 Online Debt Review Awards Show.

For more info: www.debtreviewawards.co.za

http://www.debtsage.co.za – At Debt Sage, our mission is to provide professional debt counseling & financial advice to financially distressed individuals in South Africa.

We understand that pressure emanating from debt can be huge and when people come to us seeking help they are usually stressed and are simply looking for a solution to end their financial worries.

https://www.g.page/richard-killen-scarborough-east This video clip gives a short overview of debt counselling found in Scarborough East and bordering areas in regard to what debt counselling is plus your choices to credit and debt counselling in Ontario.

Credit and Debt Counselling in Scarborough East.
So many people today are having a hard time paying their credit debt, may it be charge cards or almost any other sort of debt.

Are you one of them?

Are you likewise having problems managing your own personal debts for several months or perhaps years?

Are you one of the many people that disregard the issue or wait and allow it to build up, or perhaps stubbornly hang on in worry about filing for bankruptcy?

The right way to find the most effective option is obtaining help and advice from a personal debt counsellor, although not debt counsellors can offer all the options that may be the most beneficial solution for you.

Personal debt counselling is a good alternative to bankruptcy, where a great deal of men and women who do not want bankruptcy as a remedy to their debt troubles.

Speaking with a Licensed Insolvency Trustee will guide you through each of the options which might be appropriate for you, so that you can make the most appropriate choice for your needs.

Consulting a trustee doesn’t mean you are filing for bankruptcy, instead, they will review your circumstance and provide you with your options to get the suitable choice to your debt problems, such as credit and debt management, a consolidation loan, a consumer proposal and bankruptcy.

Richard Killen and Associates have been offering personal debt and credit counselling for more than 25 years. We use a variety of tools to ensure you get out of debt however not simply that, we provide basic credit education about budgeting and money management skills to help you to reach your financial goals.

“This Could Be The Most Stress Relieving Call You’ll Ever Make!”

We have offices over the GTA. Visit https://rkillen.ca/debt-counselling-toronto-an-alternative-debt-relief/ for more information.

Richard Killen & Associates Ltd Scarborough East
2100 Ellesmere Road,
Suite #201D Scarborough, ON M1H 3B7, Canada
Tel: +1 416-644-1212

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