Tag: Debt-free

Negotiate a Debt Settlement

If you are drowning in debt and wondering how you are ever going to manage to pay everything off, this may be the time to take advantage of a settlement company’s offer to help you consolidate your debt and save yourself hours of stress and thousands of dollars. A settlement company can help you negotiate to your creditors and settle your debts for less than you owe for a lower interest rate.  Shop around because some debt settlement companies will offer you a savings anywhere between 25% to sometimes 75% depending on your circumstances and what creditors are willing to lose because bankruptcy could mean creditors losing 100%.

Visiting a bankruptcy trustee will help you discuss a consumer proposal or personal bankruptcy but more importantly will relieve stress and help you take back financial control of your life. This is only one of several options and you can take on creditors yourself—you just need to do some research and remember that you are the person who needs your money the most.  Regardless of your final decision, remember that paying off your debt by-weekly or as often as possible is the best case scenario because the more often you pay, the faster you will be debt-free.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.