Credit Problems? Here's 5 ways to legally reduce or eliminate all your debts.

CanLaw Will Find You a Consumer Protection or Money Problems  Lawyer. Creditors harassing you? Here's how to end debt credit card problems.

1. Negotiate with your creditors

The first step in trying to resolve your debt problem is to pick up the phone and contact your creditors and try to work out a payment plan. Explain your situation and reiterate your willingness to work with the creditor to catch up on your overdue bills. More . . .

2. Consolidation Loans

Use 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.  More . . .

3. Credit Counselling Services

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. More . . .

4. Make a Consumer Proposal

A Consumer Proposal is a means to negotiate with your creditors for the reduction of you debts and/or extension of time for payment of their debts. The payment schedule that is created in consultation with a your advisor is based on your income, living expenses and family creditors. It prevents your creditors from taking legal actions to seize assets or garnishee wages. More . . .

5. Personal Bankruptcy

The best way to get detailed information about filing an assignment in bankruptcy or a proposal is to contact a  Trustee in Bankruptcy. There is no cost for this and there is no obligation to proceed with bankruptcy. More . . .

CanLaw Guide to the Law On Personal Debt, and the Five Ways to Solve Your Credit Problems.


Creditors harassing you? Can't pay your bills? Bad Credit Score? Here's how to fix your low Trans Union or Equifax credit rating. Here's how to end all your debt and credit card problems.

Here's how to solve your debt and credit card problems.You cannot run or hide from your bad credit or debts. Read about  credit counselling, a consolidation loan, consumer proposals or even bankruptcy to see what will work best for you.

CanLaw guide to the law on money problems shows you many ways to end them legallyWhat To Do If You Can't Pay Your Bills

You have these five basic options available:

CanLaw Will Find You the Right Consumer Protection or Money Problems Lawyer.

Use CanLaw's Free Lawyer Referral Service When You Need a Lawyer Near You.

Credit Repair offers are a fraud and a scam Do not get taken in. Rebuild your credit properly See  why no one can repair your credit rating but THERE IS NO SUCH THING AS CREDIT REPAIR. Do not pay any company to rebuild your credit rating.

There is nothing they can do to change your credit rating or credit score.

Know you are not alone.

Some 125,000 Canadians declare bankruptcy and get a fresh start and a clean slate every year. Where do you start? Right here. Right now.

Keep in mind that your Equifax or Trans Union credit score or credit rating is probably already ruined so any of the steps above will not hurt it. In fact, in time, these steps will improve your credit rating.

THESE ARE THE BASICS YOU NEED TO KNOW IF you have money problems? Bad credit? Can't pay your bills? How to solve your credit problems. Learn about credit scores, ratings, credit counselling, negotiating to lower your debts. Should you consider consumer proposals or even bankruptcy?

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