Does Debt Free in 30 sound too good to be true? – it’s not. If you can give our professionals 30 minutes of your time to review your financial situation, we will help you develop a plan to become debt free.
The process involves taking stock of where you are at – how much debt do you have and what is it for? For example, do you carry credit card balances every month? Do you owe the government for back taxes? Have you got personal loans and lines of credit that seem to have grown out of control?
Once we know how much you owe we’ll look at how much it costs you to live. What is your mortgage or rent payment, utilities, car payments, insurance, fuel, food, etc. – we’ll look to see just how much money you need to have coming in to cover the basics.
A lot of people wonder: what is this debt free in 30 thing? Why is that your slogan? Why do you guys have a radio show called Debt Free in 30? What’s that all about? What it means is, if you will give us 30 minutes of your time to come in and meet with us, we will help you work out a plan to become debt free. We had a long discussion about whether or not this was too much of a slogan to use in our business. There’s an element to what we do that people just don’t believe, and so there’s a balancing act between what do I have to say to you to convince you that I’m real versus what I have to say to compete with the people that aren’t real. Now all your debts aren’t going to be gone at the end of the 30 minutes, that’s 30 minutes for us to understand what your situation is so that we can then craft a plan for you. And a lot of people are worried, well how many meetings do I have to have? Do I have to take a day off work? Do I have to come back and see you 5 or 6 times? No. What we’re asking for is a commitment of 30 minutes. The truth is the majority of the people that see us don’t actually require our services. What they need is some friendly advice, some professional knowledge to point them in the right direction. Because you’re an individual, you’re unique, you’re situation’s different than everybody else. We need to understand what makes you tick, what your problems are, what we can do to help you. And then once we’ve got that we can come up with a plan. If I can’t figure out in 30 minutes what you need to do to correct your problem, then I’m probably not the professional you need to be talking too. You can go on to our website at hoyes.com, you can download the information package we’re going to ask for if you want to speed things up, but that’s what it means: Give us 30 minutes, we can gather all the information we need, walk you through your options and help you come up with a plan. Debt free in 30, that’s the way we operate.
Next we compare how much you need to spend to live with how much money comes in each month – your income. The difference between how much you earn and how much you spend to live is what you have left over to pay towards your debt. The amount you can afford to pay towards your debt will determine what your debt reduction plan will look like. It really is that simple.
And there’s an added bonus – once you complete the plan to become debt free, you may continue to set aside the payment (or a portion of the payment) as part of a savings plan. In that way, when you need money in the future you won’t have to rely on credit. You can stay debt free.
So how do we get paid? 4 out of 5 people that contact our offices don’t require our services after the first meeting (which is always free, by the way). The fifth person either needs to file a consumer proposal or personal bankruptcy. Both of these solutions require a licensed trustee in bankruptcy, which is what we are, and our fees are set by the government, and come out of your monthly payments.
The other four people are referred to a credit counselling agency, or perhaps their bank or another lender, or maybe they just needed some one to help them sort out the numbers and they can deal with their situation themselves.
The hardest part of this entire process is taking the first step – contact us and ask for help. We can chat on the phone or by e-mail and when you’re ready, we’ll book you a free consultation to sit down with one of our professionals to review your situation in detail.
Just like one of our clients did:
Roy M. (not his real name), single, 41 years old, $48,000 in debt, Mississauga, Ontario
I would like to thank all of you at HOYES, MICHALOS & ASSOCIATES for the fresh start big time!
I heard your commercials on the radio about DEBT FREE IN 30, but I didn’t believe it. After a while I called. It was true. In about 30 minutes you asked me some questions, and told me my options.
It was great!
I’m glad I spent the 30 minutes!
If you can give us 30 minutes of your time, we will help you develop a plan to become debt free.
Debt free in 30 – it’s that simple.