Canada is well-known for its tasty maple syrup, welcoming atmosphere, and chilly winters. But more recently, Canada has become known for its skyrocketing household debt. With $4.4 trillion in household and corporate debt, more Canadians than ever are succumbing to mounting debts. And the debt resolution process is anything but easy.
How to navigate the shark-infested waters of Canada’s debt management industry
If you are like many Canadians struggling with debt, you’d like to find a trusted company to help you with it. But the prospect of navigating the shark-infested waters of the debt management industry can be intimidating. Fortunately, there are some simple steps you can take to ensure that you select a company with a proven track record of success in debt resolution. Below are four hallmarks of a company that will fight for your rights and successfully guides you toward debt resolution.
1) A proven track record of success with clients
There is no substitute for experience in the debt management arena. Ontario’s top debt counselors have over 15 years of experience. They are able to help over 95% of their clients achieve freedom from their debts. Additionally, they have helped thousands of people experience the freedom that comes along with debt resolution. As you compare prospective companies, be sure to inquire about their industry experience before committing to work with them.
2) A reputation for providing clear, concise guidance to clients
No one plans to accumulate a mountain of debt. But if you suddenly find yourself in the unpleasant position of owing thousands of dollars to creditors, you may not know where to turn for help. In this case, it is important to choose a company that will guide you through the debt restructuring process. Ideally, they will use clear terms that you can understand.
3) A talented team that delivers personalized service
Facing mounting debts and calls from bill collectors can be embarrassing and depressing. The last thing you need is a debt adviser who is negative and critical of you. Especially if you find yourself experiencing these feelings. Unfortunately, some companies use a combination of criticism and pressure in an effort to coax people to use their services.
This is where GetMeDebtFree comes in. We know that we are a valuable resource to Canadians who are looking to get out of debt. We do not accept money from creditors, the consumer does not pay for our service, and we set the standards for who we will refer our fellow citizens. In other words, we have removed barriers of influence while taking out the guesswork for the consumer. You might say that we are on a mission to see as many Canadians as possible get the necessary help. Simple.
4) Expertise outlining debt relief solutions that involve other solutions that simply bankruptcy
And if you are being bombarded with collection calls and are struggling to make minimum payments to your creditors, you may be tempted to take the advice of a bankruptcy service provider who is trying to coax you to use their services. Rather than simply pushing you to declare bankruptcy, a debt restructuring expert will sit down with you and review your individual finances to determine the options you can feasibly explore.
Once you are aware of your available option, an industry expert will carefully review the advantages and disadvantages of each option. They will help you determine whether debt consolidation might be the best path or whether bankruptcy is a better choice. Some top experts will even suggest a customized consumer proposal process, which is frequently the most cost-effective means of resolving your debt. Regardless of the path you end up taking, they will make sure that you are aware that bankruptcy is often not the only option for people.
Canada’s trusted name
At GetMeDebtFree, with our years of experience and knowledge in working with thousands of past clients, we have searched out who we believe to be among the best companies in Canada to help people deal with their debt. If the company does not pass our gold standard test, then we will not recommend their services. If you are looking for the best advice on how to consolidate your debt, fill out our contact form, and we will be sure to refer you to a company that will look at all options with you. Let it be clear, we do not mine your data nor sell your information to all kinds of companies. We are simply looking to connect people who are serious about dealing with their debt to a professional who is best suited to help make that happen.