Struggling with debt? Go directly to a Licensed Insolvency Trustee. Unlicensed debt consultants like York Credit Services will charge you extra fees just for a referral to an LIT. Here's a real story of someone who was scammed into paying an extra $800 for nothing.
Use a Licensed Insolvency Trustee if you need help to deal with your debts via consumer proposal. Trust Advisory Service cannot provide these services and charge unnecessary fees. Learn more about it here.
Are you feeling overwhelmed by debt and wonder if unlicensed debt consultants can help you? Doug Hoyes exposes the facts about these consultants and how to avoid unnecessary costs.
Did you know that there are many unlicensed ‘debt consultants’ in Canada? If your answer is no, we don’t blame you because they are tricky in how they operate. Find out why you should avoid them and save your money.
Have you considered using a debt consultant? Wondering what they can do for you and if their extra fees are worth the money you'll pay? We explain the harm debt consultants cause and tips on how to protect yourself.
What’s the difference between a debt consultant and a Licensed Insolvency Trustee when it comes to your managing debts? We explain how the roles differ, which one you should avoid completely and why.
What can a debt consultant really do for you? The Office of the Superintendent of Bankruptcy released a report that delves into the unnecessary and harmful role debt consultants play in debt management.
Now that the Ontario government has restricted debt advisors from charging up-front fees before completing a settlement with creditors, many debt relief companies are switching their business tactics. What they now offer is so called... Read more »
I am about to climb back on my soapbox. This spring I talked about why everyone seems to be advertising consumer proposals. Some of these companies are very subtle in their approach. They may not mention... Read more »
I’d like to tell you about someone who came to talk to me about filing a consumer proposal. I’ll call him Paul (not his real name). What makes this an interesting story is that at his initial consultation meeting... Read more »
You have debt and you want help, and you hear the ads on the radio or throughout the internet promising to eliminate your debt, but you don’t know who to trust. Are debt counsellors real,... Read more »
We’ve all heard or seen the ads: “Government program will reduce your debts! Call now! See if you qualify!”. Most of us have also received phone calls from telemarketers (they always call when you are... Read more »
You have seen the ads all over the internet that promise a program to “reduce your debt by up to 70% without filing bankruptcy.” The ads sound too good to be true, and they make... Read more »
Debt Relief Experts
