COVID Debt Relief for Canadians
FINANCIAL RECOVERY FROM COVID-19. ELIMINATE YOUR DEBT! Is your financial life impacted by COVID-19? Do you want to turn your financial life around? If you answered yes to these questions…
Consumer Proposals
Are you in debt and weighing your alternatives to bankruptcy? You're not alone. Consumer proposals are a rising trend in Canada, with good reason. Not only do they provide debt…
Three Types of Debt Consolidation
How does debt consolidation work? In essence, it is combining multiple debts into one payment for the benefit of simplicity, lower interest fees and lower monthly payments. People often talk…
Debt Management Program and Car Q&As
February 19, 2013
When I start a DMP, can I keep my car? Yes.
In order to qualify for our special Debt Management Program (DMP) there is no obligation to sell your car. Unlike bankruptcy, you are not required to forfeit your non-exempt assets in order to consolidate your debts.
Can I put my car loan on the program? Maybe.
If you have an auto loan and you still own that vehicle, it is considered a secured debt and cannot be added to a DMP. Only unsecured debts qualify for debt consolidation. However, if you no longer possess the vehicle, or the value of the vehicle is so low compared to the amount owing on the loan, then the auto loan may be actually unsecured and it is possible to be added to your debt repayment program.
Debt Management Program vs Bankruptcy: How do they Stack Up?
Debt Management Program versus Bankruptcy – what’s the difference? Which is better? Compare the details, the lifestyle and the result with this infographic.
Our Debt Consolidation Process
This is not a loan. No credit check required. No need to own property and no need for a co-signer! Click, print and fax to the credit bureaus to receive…
