FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Qualification

I lost my job and at 58 i’m finding it hard to find another. my wife has a very good job. between the 2 of us we have acombined credit card debt of approx. 77,000.00. Do we qualify for debt settlement? PS: we have never missed a cc payment but are now barely able to pay the minimum on our cards

Posted from: Ontario

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One Response to “Qualification”

A licensed trustee said...

I suggest you look into a consumer proposal, as opposed to debt settlement. Most of the debt settlement companies have less than stellar repuations and success rates. In fact, in the next few weeks new debt settlment rules are coming into force in Ontario and many of the debt settlement copanies are simply closing up shop as they can’t oeprate under the new rules…

A consumer proposal is designed for people that can afford to repay a portion of their debt. Depending on your household income, you may be able to repay as little as $24,000 on the $77,000 that you owe. Use the links on this site to contact a trustee in your area to disucss this in greater detail.