My first question is what caused you to contact us or search out this web site? Are you having difficulties making your payments? Do you find you are using one credit card to pay off another? Are creditors calling you are work? Do you have a garnishment order in place? If any of these answers are yes, it’s best to speak with a professional about your situation.
That doesn’t mean you have to file for bankruptcy. There are many other options to deal with your debt including a debt management plan or a consumer proposal. If you are already in collections on your debt, it is unlikely your bank would give you a consolidation loan, but for some, that may be an option.
When you come to my Chatham office for your no charge meeting, we will review your entire situation. The things we will discuss you about you include:
- What caused your financial difficulty? Has your income gone down, were you off work or out of work, or did you have a relationship breakdown?
- We then review your debts. Please tell me about all of your debts including mortgages, car loan, credit cards or debts you know won’t go away with a consumer proposal or bankruptcy
- We also review your assets. This doesn’t mean you lose your assets, I just need to know what you have.
- Finally we review your budget. It is good to know how much you bring home (net income) and what your household expenses as, such as rent, mortgage, utilities, car payment, gasoline and groceries.
We then review all of your options including the one that may be best for you.
If you are struggling with your debt payments, then give me a call at 519-351-2323 or 310-PLAN and lets get started on your fresh start.
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