Debt solutions in Duncan – British Columbia
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Bankruptcy & consumer proposal support in Duncan
If you need guidance on bankruptcy or debt solutions in Duncan, we are available to help. Our experienced team understands that debt is different for everyone, which is why we provide a service that is tailored to your specific needs. Whether it’s you or a family member that needs help, we offer a range of debt solutions in Duncan that will support you on your way to financial stability.
Licensed Insolvency Trustees in Duncan
We understand that there are a number of reasons people fall into financial difficulty. Health problems, job loss, marital issues, or simply living above your means can result in overwhelming debt that seems impossible to pay off. The good news is you don’t have to suffer in silence: there is help available. Let our Duncan Licensed Insolvency Trustees help you with your financial difficulties, and regain financial control.
Do you have questions about debt solutions in Duncan? If you’re feeling overwhelmed with mounting payments, don’t face it alone. Call our experienced team today at 604-330-6178 and take back control.
Alternative debt solutions in Duncan
If you’re worried that bankruptcy is your only option, give our experts a call. There are a lot of options besides bankruptcy that our trustees in Duncan can talk you through. After the consultation, if bankruptcy is the best way forward, they will support you throughout the full process.
Your estate manager in Duncan
Doug joined Harris & Partners in 2021 and has been in the insolvency industry since 2014. He completed his Chartered Insolvency and Restructuring Professional designation in 2017 (CIRP), and a Licensed Insolvency Trustee (LIT) in 2019.
For Doug, the most rewarding part of his job is witnessing the transformation of an individual not only financially but mentally, after they get their finances back on track.
When he’s not working, you can find him enjoying the West Coast lifestyle and spending time with his family and friends.
103-255 Ingram Street, Duncan, BC, V9L 1P3
Monday: 09:00 AM – 05:00 PM
Tuesday: 09:00 AM – 05:00 PM
Wednesday: 09:00 AM – 05:00 PM
Thursday: 09:00 AM – 05:00 PM
Friday: 09:00 AM – 05:00 PM
The danger signs of bankruptcy
If you feel like your financial situation has gotten out of hand and that you might be close to filing for bankruptcy, ask yourself the following questions:
– Do you have to use credit cards to pay for everything?
– Can you only pay the minimum monthly amount on your credit card?
– Are you constantly borrowing money?
– Have your creditors repossessed your car?
– Have your creditors sold your debt or placed your account with a collection agency?
If you recognise any of those warning signs in your life, you may be headed for bankruptcy. Accumulating debt is not an uncommon problem in today’s world, especially with the convenience of credit cards. It’s easier than you think to acquire a large amount of debt when you’re faced with common expenses like house payments, car payments and student loans.
Thankfully, you don’t have to go through it alone – our team of experienced professionals can talk you through a range of debt solutions in Duncan, helping you figure out which option is best for you.
Frequently asked questions
What is a consumer proposal?
A consumer proposal is a legal debt solution available in Duncan. It is a formal arrangement between a debtor and their creditors, outlining a proposal to repay a portion of the debt over an extended period. It has no interest or penalties and the fees are all inclusive. It offers individuals an alternative to bankruptcy and provides debt consolidation with reduced payments.
How do debt solutions affect credit?
Debt solutions may cause a temporary decline in your credit score. They typically involve discussions with your creditors to reduce payments or balances, which may be reflected as ‘settled’ instead of ‘paid in full’ on your credit report. However, over time, debt relief solutions can contribute to better credit well-being as they help you effectively manage and ultimately eliminate your debt.
Are debt solutions a good idea?
Debt relief programs can provide valuable assistance to individuals facing debt challenges. However, it is crucial to carefully evaluate the impact on your credit score and ensure that the program aligns with your specific financial circumstances. Always conduct thorough research, or get in touch with our experts to talk through your options. Remember, getting rid of debt is more important than your credit score.
Can debt solutions help with payday loans?
Debt relief programs can be beneficial in managing payday loans, which are known for their high interest rates and have predatory fees. Our programs may aim to consolidate your debts or negotiate with lenders, resulting in a reduced overall debt burden. Our approach makes it easier to handle and ultimately pay off the debts associated with payday loans.
Can debt solutions help with student loans?
Debt relief programs can help with managing student loans. For example, consumer proposals may be an option as it allows you to group your student loan debt and other debts, into a more manageable monthly payment. The type of debt relief solution that suits you comes down to your individual circumstances – no two debts are the same. Student loans’ inclusion in debt relief have very specific restrictions, it is best to inquire with one of our professionals to learn more.
How to get debt relief?
To begin your journey with debt solutions in Duncan, contact our Licensed Insolvency Trustees. They will evaluate your financial situation, provide clear explanations of available choices, and assist you in choosing a debt relief option tailored to your specific requirements.
Our Debt Management Solutions
Why Harris & Partners
Our Licensed Insolvency Trustees provide a customized service that could remove up to 80% of your debt and stress, so you can breathe easier.
Our multilingual team provides support in many languages, from Farsi and Portuguese to Italian and Tamil, leaving out complicated jargon, so you understand everything, every step of the way.
Want to speak to someone in person? Our team is on hand to help at a Harris & Partners office near you.