If you came to this page, chances are you know you need financial help already. You will find realistic answers about your money problems, debt problems, financial problems and Personal Bankruptcy options
An illness, a layoff, divorce, or unexpected bills are just a few reasons why you may be unable to pay your bills on time. Here is up to date and accurate information on what you should do if you fall behind on your debts
You cannot run or hide from your debts. You cannot ignore them They will not go away. It is far better to face the music and deal with your problem head on. You will feel better and live better if you do.
Know You Are Not Alone.
Over 110,000 Canadians declare bankruptcy and get a fresh start and a clean slate every year. Most are glad and relieved they did. The focus of the process is to help you organize your finances and develop new skills. It is not intended to punish an honest individual for their misfortunes or mistakes
Use consolidation only if you are able to control your spending. If you can get a consolidation loan, this may solve your problem. However many people who consolidate just run up their credit cards again and are worse off than before the loan.
Credit Counselling services can work out a lower payment plan with your creditors for you. They charge fees despite their touted "non profit" status. The fees are usually hidden and deducted from your payments. Credit counselling plans will take years to pay off your debts.