Introduction to Credit Counselling
Last year, Andrew and Jane Public took a vacation, bought a much needed new refrigerator, and paid some mounting dental bills all on credit cards. In doing so, they incurred $10,000 of debt that they had intended to pay off over time.
They only paid the monthly minimum amount due. They may not realize that it may take them 33 years to repay the $10,000 and, they will accumulate as much as $16,000 in interest. The total cost of their debt could reach $26,000!
Earlier this year Jane had to leave work for maternity leave. During this time the couple juggled their bill payments and found themselves falling behind.
As a result, their creditors raised their minimum payments, and charged them other penalties. Some creditors even raised their interest rates as a penalty for their delinquencies. Now, even though Jane is back to work, they still cannot afford the larger minimum payments. In addition, whatever payments they do send in do not seem to get them anywhere. SOUND FAMILIAR?
Millions of Canadians carry a substantial balance on their credit cards. A temporary job loss, the birth of a child or illness can send some individuals into an overwhelming cycle of late payments, collection calls, and fees.
HOW CONSOLIDATED CAN HELP YOU
You can GET RELIEF from the devastating feeling of sinking into the seemingly unrecoverable tailspin of bad finances. You CAN STOP drowning in debt! Our service can:
- Organize your debts into one low monthly payment
- Significantly reduce or eliminate interest charges
- Help you restore your credit rating
Consolidated can take your outstanding unsecured debt, consolidate them, and negotiate an affordable payment schedule to satisfy your creditors, while keeping within your budget.
Money problems can be difficult and traumatic, but there is hope! You can change your financial future, and we're here to help you start on the path to financial freedom.
If you feel this program may be of service to you, contact a counsellor today FOR FREE.
