Tired of making minimum payments and watching your balances 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 reduce credit card interest, understand exact credit reporting timelines, stop collection calls and wage garnishing, and protect your assets while rebuilding your financial future.
Key Takeaways & What You’ll Learn
- The Reality of Debt Consolidation: Why high credit utilization can lead to predatory loan rates and the risk of “double debt”.
- Credit Counselling & DMPs: How non-profit credit counselling agencies negotiate interest rates (often to 0%) for unsecured debts.
- Consumer Proposals & Asset Protection: How to legally settle debt for a fraction of what you owe through a Licensed Insolvency Trustee while keeping your personal assets.
- Updated Credit Impact Timelines: Clear explanation of Consumer Proposal reporting rules—staying on your record for a maximum of 6 years from filing or 3 years after completion.
- Legal Shield (Stay of Proceedings): How formal debt relief instantly stops creditor phone calls, legal suits, and CRA wage garnishments.
- Debunking Common Debt Myths: Unpack real facts about employer privacy, keeping your home/car, and obtaining secured cards to rebuild credit.
