FAQ

Debt consolidation usually means taking out a new loan to combine several debts into one. This makes it easier to manage with a single monthly payment and can often reduce your interest rate—or even remove it entirely.

To qualify, you’ll need a steady income and the ability to make regular payments, including any interest. These loans also let you stretch out your repayment period, which can make your monthly payments more manageable and affordable overall.

Yes, it can actually help your credit. Due to the fact that, in essence, you are “paying your debts in full”, which will build your credit!

Our service is 100% free to you, we get paid from the private lender.

When obtaining debt consolidation via a private lender, they will not give the client (you) the funds to pay out the creditor. The private lender is buying the debt or asset directly from the creditor and therefore will be paying out your creditor in full directly. The private lender will pay your creditor directly, once your creditor proves they are still the rightful owner of the debt.

The only real way of avoiding car repossession – that’s by making your contracted car payments to your lender on time or negotiating a new payment plan. Filing bankruptcy cannot stop a repossession, because bankruptcy covers unsecured debts (not secured debts, which are those tied to an asset). 

If you have other unsecured debts that are becoming unmanageable, we can help gain car loan debt relief by clearing your unsecured debts to make your vehicle payments affordable.

If you’re struggling with overdue or unmanageable credit card payments, there are several debt relief options that can help. Debt consolidation and debt negotiation are two ways to make credit card debt easier to manage. Consolidation combines all your balances into one lower-interest loan, giving you a single, more affordable monthly payment. Debt negotiation works by talking to your creditors to reduce what you owe or adjust your payment terms. Both options can lower stress, help you avoid collections, and put you on a faster path to becoming debt-free.

Debt consolidation and debt negotiation are two helpful ways to manage and reduce your debt. Consolidation combines multiple debts, like payday loans or credit cards, into one lower-interest loan with a single monthly payment. Debt negotiation involves working with creditors to lower the total amount you owe or adjust payment terms. We can help with both options to reduce stress, stop collection calls, and help you regain control of your finances.

Debt consolidation and debt negotiation are two powerful tools for managing small business debt. Consolidation combines multiple loans or credit lines into one simplified loan, often with a lower interest rate and a single monthly payment — making it easier to manage cash flow and stay organized. Debt negotiation, on the other hand, involves working directly with creditors to reduce the total amount owed or to create more flexible payment terms. Together, these strategies can ease financial pressure, protect your credit, and give your business room to recover and grow.

Debt consolidation can help with mortgage relief by reducing your overall financial burden. By combining high-interest debts like credit cards or payday loans into one lower-interest payment, you can free up more income to stay on top of your mortgage. Mortgage modification involves working directly with your lender to change the terms of your mortgage—such as lowering the interest rate, extending the repayment period, or reducing the principal—making monthly payments more affordable and preventing foreclosure.

There are a few variables that will help to determine how you can gain student loan debt relief. These include:

• How old your student loan debt is

• When you finished studying

• What you are able to afford to pay off

• Whether or not your student loan debt was private or government funded

While not the most common option, you can consolidate your student loan debt by taking out a new loan to combine multiple payments into one. This can simplify your monthly payments and may lower your interest rate.

If you are a victim of collection calls, it is important to know what creditors or debt collection agencies are and are not able to do. Do note that collection call rules vary from province to province, but here are the general rules in Canada:

• Any debt collection agency must be registered with the provincial government

• A debt collector must send you a formal written notice of your debt via mail, specifying the creditor, collection agency, the debt owed, and confirmation that they have permission to request the debt on behalf of a creditor

• A debt collector must then wait six days before making a collection call to you

• Once a debt collector has spoken to you once, they may only contact you via email, message, or phone up to three times in a week without your consent

• A debt collection agency may not charge you any additional fees

• A collection agency may not contact you between 9pm and 7am, on Sundays except during the afternoon, or on a holiday

• A debt collector is unable to harass or pressure you, or use threatening or intimidating language

There are a number of actions you can take to stop collection calls for good. You have options — like creating a repayment plan, consolidating your debt, negotiating with creditors, or exploring legal solutions like a consumer proposal or bankruptcy.

Here are some steps you can take to stop collection calls:

1. First, confirm the debt is yours. If it’s paid, show proof. If it’s wrong, dispute it.

2. Know your rights — collectors can’t harass or threaten you.

3.  If you can repay, try negotiating a plan or settlement. Just don’t ignore the calls — it could lead to wage garnishment.

If you are unable to pay back the debt you owe in a reasonable manner we can help to intervene with debt collectors. Book a free consultation to discuss stopping collection calls, and you will be assigned your own agent to walk you through each step of the process.

Essentially, secured debt is a loan or line of credit that is backed by an asset (collateral) that the lender can seize if you default on payments. Some examples include: mortgages, car loans, home equity loans or lines of credit, secured credit cards, and secured business loans.

On the other hand, unsecured debt is not backed by any sort of collateral or asset, and is backed only by your name and credit profile. Examples of unsecured debt include: most credit cards, personal loans, lines of credit, federal student loans, medical debts, and small business loans.

Debt consolidation lets you combine multiple debts into one lower monthly payment, often with a reduced interest rate. You still repay what you owe, but in a more manageable way — and you keep your credit, assets, and financial privacy intact.

Bankruptcy, on the other hand, wipes out your debt but severely damages your credit, may force you to give up assets, and stays on your record for up to 7 years.

Consolidation is often the better choice because it helps you regain control without long-term consequences.

A consumer proposal is a legal process where you settle your debt for less than you owe, but it affects your credit and stays on your report for up to 6 years.

Debt consolidation combines your debts into one lower-interest loan, allowing you to repay a negotiated amount over time. It has less impact on your credit and helps you stay in control of your finances.

In most cases, consolidation is the better option if you can still manage smaller payments.