At Charles Advisory Services we know that smart debt management begins with debt consolidation. Access to a single loan allows you to pay off all or the majority of your creditors and then have a single payment to deal with monthly. This alleviates your debt burden, stops calls from your creditors and can even allow you to have more cash in your bank account. Lower interest rates are often an added bonus to debt consolidation.
We believe that it takes one smart decision to help you move forward with a debt repayment plan that will work in your favour. Charles Advisory Services can provide the assistance you need to develop improved spending habits that keep you debt free. A consumer debt management plan can be set up very quickly and provide you with a new understanding of how easy it can be to have a smart budget and spending habits you keep for life.
Debt can become unmanageable and overwhelming when you are dealing with multiple creditors, balances and interest rates. Debt consolidation is the easiest solution to get you back on track with a single loan payment that helps you pay down all your debt and begin a simple repayment plan.
We will explore the loan options available to you, and help you use the best option to pay off your current loans and debt. You will then have a single loan with a single lender that is paid off in a more manageable single monthly payment. A lower interest rate will often allow you to pay down your loan more quickly. This will also help turn your credit around, while providing you with more cash flow to avoid accumulating further debt.
The benefits of debt consolidation include:
Avoiding a consumer proposal or bankruptcy
We work with you to find the best loan option that will allow affordable monthly payments to reduce your stress and provide financial peace of mind.
If you are worried about acquiring a loan to pay off your current debt, we can work with you to find a reputable lender who will not only provide you with a loan but pay your creditors quickly. Lenders we work with will handle everything for you allowing you to get on with your life without having to worry about the financial consequences of bankruptcy or consumer proposals.
Once your new lender pays off your debt, you will have a single monthly payment and a lower interest rate which will save you money. Debt consolidation helps you maintain a good credit rating, thanks to manageable single monthly payments. It is a liberating solution that will provide peace of mind and extend your credit options in the future.
Our team will help you discover how easy it is to have a long-term debt consolidation plan that will reduce debt faster and provide you with a manageable repayment rate that works in your favour. We will guide you to a financially stable lifestyle that will help you reach your long-term financial goals. Give us a call to set up your appointment at (416) 915-9007 or contact us here.
A debt management program provides an agreement between you and your creditor to renegotiate the terms of your outstanding debt. This works well for those who owe money but are struggling to meet the required minimum payments or contend with high-interest rates.
A meeting is held with a credit counsellor to review your finances. They will decide if you are a good candidate for a debt management plan and how likely your creditor is to accept a plan. Considering what you owe and how much you earn each month, they will come up with a reasonable amount you can afford to pay towards your balance each month. Once in agreement with the plan, your credit counsellor speaks to the creditor to negotiate the terms. In many cases, the creditors will try to make changes that work in their favour, and you will decide if you can accept their terms. Once an agreement is made, the plan comes into effect. Monthly payments will go to the credit counsellor who will manage payments on your behalf until the debts are paid in full.
A debt consolidation loan is a special loan designed to pay off all your debt in one lump sum. Once the debt is paid, you then continue to pay off the outstanding balance of the debt consolidation loan. This is an excellent option if you have maintained a good credit rating. It reduces your monthly payments, as well as the amount of money you pay towards interest. Depending on your financial situation, there are several ways to get a consolidation loan, including:
Charles Advisory Services Inc.200 Evans Ave Unit 8
Etobicoke, ON
M8Z 1J7
Monday – Friday, 8:00 AM – 5:00 PM
