Credit & Debt Counselling serving St Thomas ON (4 Result(s))

Do your homework
An ad catches your eye; it promises to solve all your money problems quickly, and you’ll get rid of your debt in record time. Wrong! If you’re tempted to do business with a money lender, don’t sign any documents without checking things out with your provincial or territorial consumer affairs office to make sure you’re dealing with a reputable lender. The recommended approach to solving your debt problems is to discuss your situation with your creditors and your financial institution. They may find a way to lighten your burden.

The trustee in bankruptcy: a debt specialist
Even if your debts seem insurmountable, remember that bankruptcy is not the only solution. In order to see your situation more clearly, make an appointment for some credit and debt counselling at the offices of a bankruptcy trustee. Here are some of the services they typically offer:

• Budget counselling
• The selling off of assets
• Debt consolidation
• Voluntary bankruptcy
• Consumer proposals

Regardless of which St Thomas ON credit and debt counselling consultant you meet with, be sure to ask these questions:

• Do you have specialized training? A licence?
• What services do you offer?
• What are your rates? To what do they apply?
• Will you send me a summary of my situation? Progress reports?

Remember that it’s essential to feel comfortable with the credit counsellor you choose. If that’s not the case, keep shopping around.