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Debt troubles have a way of taking over your life if you let them. So with more Canadians facing higher and higher balances on their debt, it’s no wonder so many are reaching out for help. And what they’re finding is that there is hope: there really are life-changing debt solutions that can work for them. They can work for you, too.
Do You Have Just Too Much Debt to Handle?
Do you wish the bill collectors would just stop calling? Do you feel like you’re totally consumed by thinking about the money you owe on your credit cards? Have you had it living paycheque to paycheque? Are you agonizing over how you’re ever going to pay your bills and get ahead in life?
It’s not fun feeling like you’re in a hole, both financially and figuratively speaking. And it’s no fun when worrying about your debts begin to have an impact on your quality of life.
In fact, it’s draining. It was never how you imagined your life would pan out.
That’s why you’ll be glad to know that there is something you can do. There really is a way to solve your financial problems when your debt has just become too much to handle.
And guess what: it doesn’t take having a college degree to solve your debt problems. Just do what many other Canadians are doing. Get help.
Don’t Worry: You’re Not Alone!
If you’re like other people, you’ve been taking on debt for a while now. Maybe you borrowed against the value of your home. Maybe you lost your job, and you’ve been maxing out your credit cards to keep going. Maybe you’ve got expenses that just can’t be budgeted away.
You’re not alone. Nationwide, Canadians now owe more than ever. Like yourself, the average citizen is deeply in debt, and the balance just keeps growing. In fact, the average balance on debt was $22,837 in 2017, according to the most recent figures collected by Equifax Canada¹. On average, Canadians are seeing their debt rise by more than three percent each year, according to that study.
And if you’re like others, you may have already tried to fix things. From curbing spending to trying to pay down your balance bit-by-bit, you just don’t seem to be making any progress.
Are You Interested in a Short-Time Fix or a Real Solution?
The reason so many people can’t seem to get on top of their debt problems is that the solutions they come up with are merely short-term fixes. They’re given bad advice, or they’re turning to debt solution companies that promise the wrong solutions. Credit services should have your best interests in mind.
For true, life-changing debt solutions, a short-sighted fix won’t do the trick. All those “get-out-of-debt-fast” services often take a very short-sighted approach. They’ll promise to help you by extending your credit limit. In reality, that’s just going to get you deeper into trouble. That goes double for payday loans!
That’s where we’re different. We offer debt solutions with your best interests in mind. Our credit counsellors approach your problem the way they should: with you in mind. The goal is to get rid of your unsecured debt forever, not just for the time being.
How do we do that? We start by taking the attitude that you deserve a brighter future. We aim for long-term improvement, not short-term fixes. It’s about granting you the power to take the reins and make the right kinds of choices for your future and that of your family.
Finding a Debt Solution That’s Right for You
There are several ways to fix your debt. One common problem is that people wait too long to get help. You may not have gone to college to study finance, but that doesn’t matter. What does matter is that you know you have a problem and that you need to get help.
If you’ve been trying self-help solutions, then you’ve probably already discovered that these techniques only work for small balances. These include transferring your balance to a new credit card that has a zero-percent interest rate. Similarly, budgeting can only take you so far. At some point, there just aren’t any other expenses that you can shave off your monthly spending allowance. Even if your household income is still generally quite high because your spouse has a good job, you can still feel the pinch because a single income just won’t cover the debt load that you have.
That goes double if you’ve enjoyed an R1 credit rating in the past. Your excellent rating allowed you to go further into debt, something that didn’t seem like a problem when you and your spouse were both working.
That’s when it’s time to call in professional debt relief services. They can set up a debt management plan or a Consumer Proposal that attacks your debt problem with solutions meant for larger debt balances. The list of possible solutions can be confusing for the average person who’s not familiar with the world of debt relief…
- Consumer Proposals
- Credit Counselling
- Informal Proposals
So as you can see, Canadians have a number of different options for reducing or getting out of debt. It’s critical that you make the right choice. With all these different types of programs available, it’s just not easy choosing the best option.
We’re Here to Help
Here at Adamson & Associates, we believe strongly that everyone deserves a way out of debt. We’ll work with you to find the solution that’s right for you and your unique circumstances. Our goal is the same as your goal: to have you and your family enjoy your life again by solving your debt problems once and for all.
Contact a Licensed Insolvency Trustee (LIT) in our office today to take the reins back on your life. LIT’s are regulated by the Canadian government, and they’re licensed to help with accurate advice and a solution that works for you.