Credit Repair Questions

Debt Settlement Questions

  • Question: What is the difference between credit and debt?

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    Good debt is when you borrow money to purchase an asset (home, RRSP, non-registered investments, or business) and that asset increases in value to allow you to repay the debt and be left with something. Bad debt is purchasing liabilities with the money you have borrowed.

  • Question: Who are your typical clients?

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    Our customers are typical every day "People", individuals, families, or small businesses who are struggling financially. Bad things happen to good people and there is help! We will try to work with everyone, regardless of the amount of debt owed. Our clients not only require debt reduction or elimination services, but also the products and services necessary to assist in their rehabilitation such as credit repair, credit rebuilding and also credit protection. It is appropriate for people with unsecured debt from $10,000 up to $250,000. Our program is affordable and custom tailored to each of our client?s ability and resources to settle.

  • Question: What are the fees for your services to complete the debt settlement program?

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    We charge you ZERO and you will never get a bill from us for credit repair or debt settlement! Here is why we charge you nothing! We want to help you get out of debt and stay out of debt so that you can get on with your plans. Many times our happy customers will use our affiliate mortgage brokers, financiers, and realtors creating the other end of our networking system, so essentially we would rather create a happy consumer that can move forward with their plans. We win together; we win and so do you!

    Here is how other companies typically charge! The fees for each case vary based upon the complexity of your financial situation and the effort required assisting you. It is important to note that many companies can charge as much as 15 and charge set up fees and commissions.

  • Question: What types of debt do you work with?

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    We work primarily with unsecured debts, but in many cases, work with secured debts as well. Some of the more common are listed:

    • Credit cards
    • Personal loans
    • Business loans
    • Suppliers
    • Lines of credit and Overdrafts
    • Student loans
    • Payday loans
    • Utilities
    • Car loans or leases
    • Mortgages
    • Income tax
    • GST
    • Etc.
  • Question: What is debt settlement and what's the difference?

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    Debt settlement is also known as debt negotiation, debt reduction or debt arbitration. Debt settlement is an aggressive approach to getting you out of debt and back on your feet financially Once again you will be able to answer the phone, the door and get the mail without stress and anxiety.

  • Question: I am so confused? What is the difference between "Debt Settlement", Credit Counselling, Orderly payment of debt, Consumer Proposals and Bankruptcy?

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    Firstly, let's talk about what we do! At Canada Credit Fix we primarily help people "fix" their credit. Our experts will not only "negotiate" your debts into lower payments, settlements and payment agreements but additionally will also use that bargaining leverage to assist with the removals and revisions of collection on your credit report. Our goal is to leave you debt free and cleaner credit. Simply put.... We work for you and only you!

    Debt counselling, OPD, Consumer proposals and Bankruptcy trustees in most cases work for the creditors, the courts, third party agencies and individuals. Almost always your credit is left shattered for as many as 6 to 14 years, and in many cases it may be deemed illegal to get new credit for a period of time. Let's now talk about the embarrassment and humiliation of constantly living with the label "Bankrupt". You are now considered "High Risk" to most lenders. You are now the guy at work that people talk about!

  • Question: How long does this take?

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    The duration of the settlement process can simply range from a matter of days to months depending on the severity of the customers debt and the work that needs to be done. Once the negotiating process has been completed the client will be able to pay out the debts in a lump sum or a negotiated payment plan over an agreed time frame.

Foreclosure Mitigation Questions

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Due to the extensive and time consuming process of helping people cleaning up their credit, we can only accept a limited number of applicants at a time. Priority applications will be taken on a first come, first serve basis.

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