Over the years as the cost of living has increased in Edmonton and Canada and so has the accumulated debt of individuals and families. Dealing with debt can be one of the hardest things that a person may face in their life. At times it may seem impossible to get out of the debt you have accumulated but now there are options on how to get rid of your debt. Consumer Debt Consulting in Edmonton provides our clients with different debt solution programs to get rid of unwanted debt from managing your debt to debt settlement programs we are able to find the best solution for your needs. Declaring bankruptcy should be the last thing you do, and we will work with you to find other solutions before declaring bankruptcy. Here are 3 ways on how to get rid of your debt in Edmonton.

Broker meeting clients in Edmonton

Consumer Proposal Edmonton

Declaring bankruptcy should be your last choice because if you have a stable income you will be subject to surplus income penalties. Even with your income, you are finding it difficult to pay the minimum balances of your debt every month a consumer proposal is a good alternative to bankruptcy.

A consumer proposal is for individuals who have a steady income and debt between $15,000 and $250,000 excluding their home mortgage. Consumer Debt Consulting offers consumer proposals to our clients who qualify and can pay a portion of their debts. As an alternative to bankruptcy consumer proposals is becoming increasingly popular for people in Edmonton wanting to get rid of their debt.

When suggesting consumer proposals to our clients one of the main concerns that we are asked is if they will lose everything. With consumer proposals, all of your assets are protected from creditors. It is important to note that mortgages and car loans cannot be included in a consumer proposal and those payments will need to be made separately.

How to get rid of debt in Edmonton

Consumer Debt Consulting


Debt Management Edmonton

Consolidating your debt with a debt management program has never been easier. Debt management programs consolidate all your credit card payments into one monthly payment. Your monthly payment will be sent to each of your creditors through Consumer Debt Consulting. Creditors do have to agree to allow you in this program and will if It is the right program for you. Consumer Debt Consulting can help get lower rates or even rates at 0% with the debt management program.

There are many advantages to using the debt management program. Instead of having multiple bills to worry about every month, you consolidate them all into one and just pay one bill every month. Debt management can help you save thousands in interest fees as most creditors will be willing to waive interest fees and your money goes towards the total sum of your debt. We act as a middle man for you so you won’t be harassed by creditors and credit collection agencies as part of the debt management program. This program has a very high success rate in helping our clients pay off their debts. With this program, your debts have to be paid off within 5 years but in most cases, our clients have been able to pay them off in 3 years. Contact us today for a free assessment and to learn more about the debt management program in Edmonton.

How to get rid of debt in Edmonton

Consumer Debt Consulting


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Debt Settlement Edmonton

If you find yourself in a situation where you are dealing with overwhelming debt and are unable to pay minimum payments a debt settlement program may be the quickest way to get rid of your debt. With the debt settlement program, you need to owe a minimum of $10000 in unsecured debt.

Debt settlement is an alternative to bankruptcy for those with unmanageable debt. We understand it is not easy dealing with collection agencies and being called at all hours throughout the day. This can cause individuals unnecessary stress and only makes things worse. With our debt settlement program, you will only have to pay a percentage of the final amount agreed upon by both parties. The debt settlement offer can vary based on how urgently the creditor would like to be paid. Debt collectors will settle in some cases because if a person declares bankruptcy, they will receive nothing.

Our program includes you making monthly payments to our setup in a trust account. Your money will build into the trust fund so we can offer a lump sum offer to your creditor. Debt settlement can help reduce your unsecured debt by 20% to 80%. Contact us today for a free assessment and we can go over which one of our different programs is right for you in getting rid of your unwanted debt in Edmonton. No one should have to live in fear of being called by creditors and the thought of losing everything they have. Consumer Debt Consulting is always here for our clients, and we are ready to find the best solution for you.