Tired of making minimum payments and seeing your balance stay the same? Discover the legal debt relief options available to Canadians.
In this webinar, New Leaf Debt Solutions breaks down how debt consolidation, Debt Management Plans (DMP), and consumer proposals actually work. Learn how to stop high credit card interest, navigate credit score impacts, stop collection calls, and choose the right recovery path for your financial situation.
Key Takeaways & What You’ll Learn
- The Reality of Debt Consolidation: Why low credit scores make bank consolidation loans tricky and how to avoid the “double debt” trap.
- Credit Counselling & Debt Management Plans (DMP): How to reduce interest to 0% on unsecured debts without taking out a new loan.
- Consumer Proposals Explained: How to legally reduce your total principal debt (e.g., paying $15,000 on a $50,000 debt) using a Licensed Insolvency Trustee.
- Immediate Protection: How a “Stay of Proceedings” instantly stops collection calls, lawsuits, and CRA wage garnishings.
- Credit Score Impact & Recovery: Why a controlled credit drop is necessary for long-term recovery and how to rebuild credit using secured cards.
- Common Debt Myths: Debunking fears around losing assets, employer notifications, and obtaining credit cards post-relief.
