"I recommend seeking the advice of Start Fresh sooner then later. I wait because I felt embarassed and uncomfortable talking about my situation. After taking to Start Fresh, I understood that its simply a process ."
A legally binding agreement which stops garnishments and offers protection from creditors and debt collectors. This solution consolidates multiple debts, freezes interest charges and protects your assets. You negotiate and agree to pay a portion of what you owe, and your creditors agree to forgive the balance.
A voluntary agreement between you and your creditors to reduce monthly payments. Typically, you sign a contract with a credit counseling agency who negotiates with creditors on your behalf to lower interest, however not all creditors must participate and there is no reduction in the total principal.
Governed by the Bankruptcy and Insolvency Act, bankruptcy is a formal process whereby debtors who cannot meet their obligations sign over all of their assets—except those exempt by law—to a Licensed Insolvency Trustee (LIT). The LIT's role includes selling off those assets to satisfy outstanding debts.
We clients to resolve their toughfinancial issues.
We provide professional services for individuals.
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Bankruptcy is not the only option.
While most people believe they never want to file for bankruptcy, they don’t actually know why they believe this. While bankruptcy is right for some people there are many people who should take advantage of other alternatives. In this article, we are going to discuss some of the reasons why bankruptcy should be your last choice.
Get your credit score for free.
There are 2 main credit reporting agencies in Canada: Equifax & TransUnion. Each of them provides different services and options for free information as well as paid subscriptions. We have found that there are 3rd party services that will provide you with FREE Credit Scores and Credit Reports for both of these services.
Less Stress Vehicle Payments
In our experience, most people get a vehicle that is far too expensive for their budget. Just because a bank or dealership says you “qualify” does not mean that you can make it comfortably fit into your budget. Remember you still have to pay for insurance, fuel, and ongoing maintenance.
"Thanks to the team at Start Fresh, I was able to significantly reduce my debt and my payments. They have put me into a position where I believe I have a future now. I feel better and more optimistic about the future."
Get Professional Help
If you feel overwhelmed, stressed out, and feel like you have the weight of the world on your shoulders, call us. We can provide the help you need to get back your life. To feel good again. To start fresh.
This is the average amount of credit card debt that each Canadian carries.
Canadians carry $22,000 in non-mortgage debt on average, according to Equifax, which includes credit cards, lines of credit and installment loans.
The household debt-to-income ratio now stands at 169.4, up 23 per cent from a decade ago, and on par with what the US saw at the peak of its housing bubble.
Don’t forget, a credit card balance of as ‘little’ as $6,000 can take more than 40 years to pay off if only the minimum payments are made.)
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