If you are facing financial difficulty in Thunder Bay or NW Ontario there are several options available to assist. Everyone's situation is unique and we can help you explore all possible solutions before you make any decisions. Our professional team is understanding, respectful and here to help.
Debt consolidation gathers your debt into a single loan so that you can repay multiple creditors through one monthly payment. The interest rate is often lower than what your existing creditors offer.
With informal debt settlement, creditors expect you to present them with a plan outlining how you can pay them back; there are many considerations, variables and potential challenges to be aware of.
In situations where debt is low but repayment is becoming unmanageable help from a credit counselling agency may be an option. Non-profit credit counselling organizations contact creditors on your behalf. They also provide education and counselling on personal budgeting strategies and how to avoid debt.
Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
When your financial obligations can no longer be met this legal option enables you to get immediate protection from your creditors and have a fresh start.
979 Alloy Drive, 3rd Floor
Thunder Bay, Ontario P7B 5Z8
T +1 807 345 6571
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TF 310 8888
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