How much you owe?
We Can Help You With:
Are you struggling to pay or keep track of your debts? At York Credit Services we can help you solve your debt challenges. This is all thanks to the credit counselling services that we tailor to your unique situation. We will not help you wipe clean your debts but provide you with a practical solution to your financial problems. Regardless of the size of your problem, we can help find a solution that will change your financial position today.
What is credit counselling?
Credit counselling is a service that helps you settle your debt through budgeting, education and the use of a range of tools with the aim of reducing and ultimately eliminating your debts. Our service will help you eliminate the high-interest rate on credit card debt and help you regain stability. Our certified counselors will evaluate your debts, budget, and credit to help identify the best way to get out of your debt.
If you are not able to eliminate debt on your own we will help you enroll in a suitable debt management program. We will act as the go-between for you and the creditors. We will setup a repayment plan that you and your creditors will agree on then help you negotiate to eliminate or reduce interest charges.
What do credit counselling services do?
- Answer questions on your options for debt relief
- Help you identify the best solution for your debts
- Help eliminate existing credit card debt. This includes other unsecured debts like payday loans and unpaid medical bills
- Eradicate the hassle of dealing with debt collectors. Debt collectors deal with us, your credit counselling agency, and not with you directly
- Offer resources to help you build financial literacy
- Educate you on how to manage debt effectively and how to budget
- Help establish long term financial stability
What credit counselling
- Repair your credit record. You need a different service for that.
- Offer immediate debt consolidation or elimination. Our debt management program will take an average of 36 to 60 payments to eliminate your debt.
- Settle debts for less than what you owe. With credit counselling, we can direct you to debt settlement services but we cannot help you enroll in the settlement program.
- Offer direct assistance for other types of debts such as student loans, tax debt or mortgage. For this, we will refer you to other services.
- Stop the existing court actions concerning your debt. If a debtor sued and won, the ruling will stand.
Enrolling in the debt management program through any credit counselling agency will not offer a magic-cure. The solution doesn’t work in all situations or every type of debt. Even for the unsecured debts, you must have specific circumstances in order for it to work. The circumstances are very broad and they don’t apply to everyone.
Do you have any question on credit counselling? We encourage you to contact us today. At York Credit Services we have the expertise you need to come up with a solution that will change your financial position when you commit to the process. We are always happy to hear from you.Contact us
Toronto’s Debt Counselling Specialists
Do you often find yourself with more month at the end of your money and only a fraction of your bills paid? You are likely to have serious credit issues and a bad credit rating. Struggling with debt can take a toll on you and the problem may seem too big to tackle alone. As the problem gets worse, you find yourself losing control over everything and it may even be difficult to look at your own financial statements. It is possible to even lose track of the amount of debt that you have. You should know that you do not need to face your debt challenges on your own. With our experience at York Credit Services, we understand the industry and how important it is to have the guidance of a professional who can help you understand your debt and relieve the stresses of dealing with it. This is what credit counselling is all about.
It is very important to be careful with your choice of credit counselor. We cannot ‘wipe clear your bad credit history’ or ‘eliminate your debt completely’. This is not what credit repair and credit counselors do because it is not possible. Credit counselling is not about making grand promises but about finding practical solutions to a problem; solutions that will get you where you need to be as soon as possible. No matter the size of your debt, at York Credit Services we have the expertise to come up with solutions that will completely change your financial position today as long as you are willing to commit to the process.
The Three Phases of Credit Counselling
Credit Counselling is a long process that takes quite a bit of time. You should expect to go through the following three phases of credit counselling:
The credit counselling process starts by fully understanding your current financial status. We will conduct a thorough financial assessment on your income, assets, expenses and debts getting all the specific details and numbers. The financial assessment process is very crucial and detailed, it is important to be very open with the credit counselor at this point. It is important for the credit counselor to know how your life operates in order to come up with customized and practical solutions to solving your debt.
Financial assessment is usually a very uncomfortable step in the process for most individuals, as it may seem like an extensive invasion of privacy. It can also lead to panic, especially when the magnitude of debt dawns on you. However, the financial assessment step is very necessary and our credit counselor will guide you through the process of getting all this information.
The financial assessment will shed a lot of light on the various things we need to handle in order to get you to a more comfortable financial position. Without experience in handling debt, you may not be able to decide on the next best step to handle the process. As credit counselors, we have a lot of experience with all kinds of debts and debt situations. This experience and expertise enables us to help you come up with the best possible way to handle your debt such as starting by paying off a few smaller debts, negotiating with debtors or joining a debt consolidation program among other options.
The reason most people fall into debt is due to poor money management skills and this is the final step in the debt counselling process. York Credit Services aims to build individual capacity to handle and manage financial matters independently.