Where to Find Bad Credit Debt Help in Canada
When you have bad credit, many times either no one wants to help you with your debt, or if they do, they want to charge you a huge amount of interest. At the end of the day, this often ends up hurting peoples’ finances rather than helping them. Fortunately, there is a much better way: one that actually looks at what you can afford, what your financial goals are, and what steps it will take to get you there. If you’re looking for the best bad credit debt help in Canada to help fresh your financial situation, the place to turn to is an accredited, non-profit Credit Counsellor. No one knows how to deal with bad credit and find creative solutions better than them.
Explore All Your Options - Find What Will Work Best for You
When you’re dealing with bad credit, one size does not fit all. Everyone’s situation is different. So you can’t use the same cookie cutter approach that banks and credit card companies do when they lend out money. You have to look at each person’s situation on a case-by-case basis, look at their entire financial picture, and then explore all available options to get their finances back on track. With a Credit Counsellor’s guidance, the best option can be identified and a plan can be created to get that individual out of debt. This is what Credit Counsellors do every day with hundreds of people across Canada. It’s their job, and most of them are really good at it.
Credit Counsellors also have intimate knowledge of special repayment options that the majority of people – even most bankers – are not aware of. Within these options, two programs tend to attract the most attention: a Debt Management Program and a Consumer Proposal. Both programs can be ideal for providing debt help, interest relief, and the consolidation of debt payments for people with bad credit.
Both programs have advantages – like the elimination of interest and one affordable monthly payment – and disadvantages. If one of these programs is right for your situation, it can be a powerful tool to provide you with the helping hand you need to get your finances back on track and set you back on course toward achieving your financial goals faster than anything else out there – especially for people with bad credit.
The Best People to Talk to About Bad Credit Debt Help
When you’re struggling with your finances and need some help, the last thing you need is for some salesperson to sell you a “solution” that works for them but not for you. For this reason we almost always recommend that someone looking for bad credit debt help first speak with a non-profit Credit Counsellor who works for an organization that is accredited by Credit Counselling Canada, the national non-profit credit counselling association with the highest accreditation standards in Canada.
Credit Counselling Canada member agencies are not allowed to pay their Credit Counsellors on commission. This means their Counsellors will not benefit financially from whatever decision you decide to make. While anyone can claim to be unbiased and helpful, in our view this is the only sure-fire way to make sure the advice you are given is as objective as possible. Credit Counselling Canada also requires member agencies to make sure their Credit Counsellors are professionally accredited. This also helps to ensure you will be dealing with a well trained, knowledgeable professional and not a salesperson.
Click here to find a non-profit Credit Counsellor near you.
- How to Solve Money Problems on Your Own
- How to Fix Credit
- How to Get Credit Card Debt Help
- 12 of the Quickest & Most Effective Ways of Getting Out of Debt