We’ve helped our clients to consolidate and eliminate their debt, reduce the interest rate to 0%, stop creditor harassment and prevent garnishes and foreclosures.
Business Owner Reduces Debt – $136,000 to $42,000
A business owner with more than $136,000 of personal and business debt. We were able to reduce her debt to $42,000 enabling her to continue operating her business.
Fixed Income Couple Reduces Debt – $42,000 to $15,000
An elderly couple living on a fixed income had used their credit cards to pay for medical related expenses. Now healthy, but unable to manage payments on $42,000 of debt. We worked to eliminate all of their debt so they were able to live on their fixed income without the financial stress this caused.
Individual with a Change in Income Reduces Debt – $53,400 to $30,000
After relocating for work and now earning less he was struggling with minimum payments of $1,000 and not seeing the debt go down. He is now making monthly payments of $500 and is thrilled that he’ll be debt free is 5 years.
Married Professional Reduces Debt – $55,500 to $15,000
A married professional working full time and struggling to make monthly payments of more than $1,000, they felt like they were ‘robbing Peter to pay Paul’. With the help of Debt Relief Canada they are now making payments of $250 monthly and will be debt free in 60 months without involving their partner. They are putting $400 monthly into long term savings and save enough to cover the annual two month period of no income.
Retired Individual Reduces Debt – $12,700 to $7,500
Retired and working part time to keep up with minimum monthly creditor payments of $250 on $12,700 of debt. We helped him to reduce his monthly payment to $125 and he will be debt free in 5 years.
Single Parent Reduces Debt – $23,000 to $7,500
A single parent of two had $23,000 of student loan debt. He graduated 8 years ago and still hadn’t paid it off. We were able to reduce his debts to $7,500. We set-up a payment plan for him that he could afford with a zero percent interest rate.
Soon to Retire Individual Reduces Debt – $64,600 to $42,000
Worried that she wouldn’t be able to retire while making minimum monthly payments of $1,200 and not lowering her debt. She is now making monthly payments of $700 and is hopeful she’ll be able to pay off her reduced amount in less than 5 years and retire early.
Young Couple Reduces Debt – $124,180 to $66,000
A young couple had a combined debt of $124,180 in credit cards, loans and a line of credit. They were unable to keep up with their $2,000 interest only payments every month. We helped them reduce their debt to $66,000 at zero percent interest. They are now making one monthly payment of $1,100 and will be debt free in 60 months. They are setting aside $900 monthly and are using this to pay for irregular expenses without going into debt.
Young Professional Reduces Debt – $35,420 to $12,000
She works full time and was struggling to make monthly payments. She is now making payments of $200 monthly and will be debt free in 60 months. She is putting $50 each pay into savings.