This is when your creditors are going to start sending you messages. Just ignoring them and hoping that they are going to forget about your debt is foolish. You cannot do that. And this credit problem is going to escalate with the passing of each day. So if you have credit problems, it is possible that credit collection agents and agencies are going to come knocking at your door right now.
Legal action is going to be taken against you and a claim settlement is going to be filed in any court in GTA. If you do not defend this claim settlement, the creditors have the legal right to put liens on your property and your assets.
Naturally, you do not want this to happen to you, do you?
So you want to make sure that your financial problems are solved in a professional manner. This can only be done by professional credit counsellors. We are here At Goodbye Problems to give you the best GTA debt management and debt mangement solutions.
As the name suggests, a credit counsellors going to tell you how best you can get rid of all your debts by giving your creditors the money owed to them. This can only be done by a financial management and debt management plan made according to your own situation and individual requirements.
Informal settlement – as the name suggests, a credit counsellor is going to negotiate with your creditors in such a manner that they do not have to take the more serious and formal option of legal recourse against you. That means you do not have to face the Bankruptcy and Insolvency Act.
How are we going to help you in an informal settlement?
We, At Goodbye Problems, with our experience will work with your creditors and work out a proper, systematic and mutually satisfying plan for the repayment of all your debts. This means that your debt is going to be repaid over a given period of time. They may also negotiate a debt for you. This is going to improve your credit ratings. However it does not mean that this is going to prevent your creditors from taking you to court, if they so wish.