Credit Counselling Kitchener – Expert Mortgage
Are you questioning the advice of a bankruptcy trustee or credit counsellor that is suggesting that you file for bankruptcy, consumer proposal, or credit counselling for debt relief? Well these suggestions can be backed by representatives often pushing individual agendas for their own financial gain, and you’re in the right to question it.
Credit counselling in Kitchener or filing for bankruptcy can damage your credit when you may not need to. Don’t fall into this trap! If you’re considering credit counselling, a consumer proposal, or bankruptcy, the professionals at Expert Mortgage want to hear from you first. We can help people with less than favourable financial situations become debt free and obtain first, second, and even third mortgages. Refinancing and debt consolidation are a few strategies that we can implement, and monitor, for our customers to become debt free and not damage their credit!
How does credit counseling in Kitchener work?
When you sign up for credit counselling, a note is made on your credit report that indicates you have entered a credit program to manage your debt repayment. This will seriously affect your credit for years. That note will make it harder to qualify for new credit while you are still repaying the debt covered under the credit counselling agreement. Once your debt is repaid, the note does not immediately drop off your credit report. It remains on there for between 5 and 7 years, alerting potential creditors that you have had difficulty paying your debts in the past. In the case of a double bankruptcy it can remain on your credit report for between 7 and 12 years.
With debt consolidation or refinancing from Expert Mortgage, our clients can be put on the path of debt relief that will not affect their credit negatively, but rather help to improve their credit scores. We will get you on payment plan that is affordable for you and allows you to repair your damaged credit by making on time payments.
Don’t just accept the advice of bankruptcy trustees and credit counsellors that want you to file for bankruptcy, consumer proposal, or credit counselling resulting in crippling credit damage. For some people this may be the best and most responsible option, but not always, especially for people with manageable debt and home equity. Bankruptcy trustees and credit counsellors usually only get paid when you consolidate or file for bankruptcy. If you are considering any of these strategies, Expert Mortgage wants to hear from you first. There are other ways to achieve debt relief, and our professional team will show you how it’s done.
For more information about credit counselling in Hamilton, please feel free to continue browsing through our Expert Mortgage Canada website. We can be reached at 1-844-397-3780 or by filling out our contact form.