debt solutions for everyone

7
Debt Solutions for Everyone

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Post on 25-Jun-2015

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If you are struggling with debt, you should start to address it by looking closely at your finances. Whether you negotiate with your creditors, consolidate your loans, or choose a legal option like a consumer proposal or bankruptcy, you do have options.

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Page 1: Debt solutions for everyone

Debt Solutions for Everyone

Page 2: Debt solutions for everyone

Finding your way out of a debt crisis can be frustrating and stressful. If you don’t have the money you need to

pay back your creditors, there are several debt solutions available.

Take a moment to accurately assess your situation and then see if one of these solutions fits the bill.

Page 3: Debt solutions for everyone

Talk With Your Creditors

• Creditors get nervous when your payments are late.

• They may be willing to set up an affordable payment plan.

• Creditors may postpone collections when they feel they can trust you.

Page 4: Debt solutions for everyone

Consolidate Your Debt

• When you roll all of your debts into one, you avoid paying several interest payments each month.

• New payments can be more affordable then previous payments.

• Stops creditors from calling.

Page 5: Debt solutions for everyone

Investigate Your Legal Options

• A consumer proposal is a legal agreement between you and your creditors, drafted by a trustee, that allows you to repay your debts for less than what you owe.

• Bankruptcy is a legal option to use a trustee to help sell your non-exempt possessions and use the proceeds to pay your creditors.

Page 6: Debt solutions for everyone

When credit problems become unmanageable, seek professional advice about the debt solutions that are

available to you.

Page 7: Debt solutions for everyone

In Manitoba or Ontario visit LCTaylor.com

Trustees are available to answer your questions at ourWinnipeg and Kenora locations.

Call us now to schedule your free consultation.