Debt relief solutions & consumer proposals In Oshawa
Are your debts causing you stress and sleepless nights? Our Licensed Insolvency Trustees in Oshawa are here to help you find a way out. Call us today to get started.
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Get help with debt with a consumer proposal in Oshawa today!
At Harris & Partners, we understand that the weight of debt can feel overwhelming. But, with our expert Licensed Insolvency Trustees in Oshawa, you don’t have to face this hurdle alone.
There are many reasons people fall into financial difficulty, from health problems and job loss to simply living above your means. No matter the cause of your debt, we are here to support you with judgement-free debt relief solutions.
If you have any questions on how best to deal with your debt problems, contact our Licensed Insolvency Trustees in Oshawa today.
Debt consolidation in Oshawa
Are your debts piling up, leaving you stressed and uncertain? A debt consolidation loan might seem like a good way to simplify things by combining your payments into one. But it doesn’t always fix the problem.
That’s where a consumer proposal can really help.
With a consumer proposal, you can lower the total amount you owe, stop interest charges, and get protection from creditors. It’s a better way to lift the weight of debt off your shoulders.
No matter how tough things seem right now, there’s a solution that can work for you. Just give us a call to get started.
Bankruptcy trustees in Oshawa
If you have a large amount of debt and your financial situation is looking shaky, you may be wondering if bankruptcy is the right option for you. At Harris & Partners Inc., we understand that financial hardship can occur for a variety of reasons, which is why our bankruptcy Trustees in Oshawa can help you to choose the right path to turn your financial situation around, no matter the cause.
If you require advice and guidance on debt relief, we can help.
Regain control with Oshawa's leading Licensed Insolvency Trustees
There are a number of things that can cause financial difficulties. Some can’t be helped, but others are unexpected, making you feel that much more unjust about having to struggle to pay them:
- Mental and physical health problems
- Job loss
- Having to quit your job to become a full-time carer for someone
- Simply living above your means
Any one of these events can result in overwhelming debt that seems impossible to pay off. If these scenarios sound familiar then let the Oshawa Licensed Insolvency Trustees at Harris & Partners help you to regain your financial control.
If you have any questions on how best to deal with your debt problems, contact Harris & Partners in Ontario today.
Your Oshawa debt relief options include:
Bankruptcy and debt management in Oshawa
If you have a large amount of debt and your financial situation is feeling uncertain, you may be wondering if bankruptcy is the best option for you. Our Licensed Insolvency Trustees have years of experience in helping people gain financial independence, without the need for bankruptcy.
Ready to not be controlled by your debt? Get in touch with our professionals today.
Your estate manager in Oshawa
Andrew was born in Ukraine and came to Canada in 1998 as a student. Andrew started his career in the insolvency and restructuring field in 2003 during the co-op accounting degree program at Grant MacEwan College in Edmonton. After graduation Andrew continued to work in the field of insolvency and restructuring.
In 2011 Andrew earned his professional accounting designation. In 2013 he became a Chartered Insolvency and Restructuring Professional (CIRP) and a Licensed Insolvency Trustee.
Andrew now lives in Toronto, and he joined Harris & Partners in 2023. Andrew is passionate about helping people and businesses in financial difficulties.
How to get there
Transit: Take the DRT 405 Wilson Bus towards Harmony Terminal via Oshawa Centre. Exit Bus as King & Simcoe. Walk 80m to office on Simcoe St N.
Driving: We are located on the corner of King St East, and Simcoe St N
Office hours
By appointment only:
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
5 steps to debt relief in Oshawa
Dealing with debt can seem like a never-ending struggle if you don’t have a plan. But don’t worry, we’re here to help. Follow these five steps to put yourself on the path to being debt-free in Oshawa:
Step 1. Create and stick to a budget
The first step to tackling your debt is to create a budget. Start by taking a look at your monthly spending and find areas where you can cut back a bit. Aim to put aside at least 10% of what you earn each month. Doing this will help you:
- Build up a fund to pay off debts
- Have money on hand for surprise expenses
- Start saving for your future
Step 2. Prioritise the debts with the highest interest rates
If you have multiple debts, some will cost you more than others because of high interest rates. Always make at least the minimum payment on all your debts,but aim to pay off the high-interest ones first, since they grow faster over time.
Step 3. Shift your debts from high to low interest rates
One smart strategy is to transfer high-interest debts to accounts with lower interest rates. If you have a line of credit, think about using it to pay down high-interest credit card debt. You could even ask your bank to raise your credit limit to cover it.
If you own property, consider refinancing your mortgage or getting a second one to pay off higher-interest debts. This can bundle your debts into one lower-interest payment.
Step 4. Increase your income
If it’s possible, look for ways to boost your monthly income. Even the smallest amount can make a big difference when paying off debts. Consider working overtime, or possibly taking a second job, as the added income can ease your debt repayment journey. Alternatively, housing a roommate or tenant could provide supplementary income, accelerating your debt reduction.
Step 5. Set up a personal payment plan
Like any long-term goal, paying off debt requires a clear plan. Start by setting specific goals for reducing what you owe. Credit counselling can give you new ideas for managing your money.
Set up a payment calendar with due dates and expected payment amounts. You could even consider applying for overdraft protection, alongside automating bill payments through your bank or online platforms so that you don’t miss payments.
Bankruptcy signs to look out for
Not sure if bankruptcy is the next step? Ask yourself the following questions:
- Do I need to use my credit card(s) to pay for everything, even day-to-day essentials?
- Can I only afford to make the bare minimum payments on my credit card(s)?
- Are any payments made redundant by interest charges?
- Do I often need to borrow money just to get by?
- Are my outgoings more than what I have coming in?
- Have I received ‘red warning letters’ from my creditors?
- Have I lost sleep worrying about my debts?
- Are my debts affecting my physical and mental health?
If you answered yes to any of these questions, get in touch with our team today. We can talk you through your options and help you on your way to financial freedom.
Example Savings Calculator With Harris & Partners Debt Relief
Your Potential Debts:
Your monthly repayments over a 60-month period would be
Before Help
$1409
After Help
$210
Monthly payments are determined based on individual financial factors
How Much Could I Save?
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.
Frequently asked questions
What is a consumer proposal?
A consumer proposal may be an alternative to bankruptcy if your debts aren’t too high. By allowing one of our expert Insolvency Trustees to act on your behalf, they can negotiate with your creditors to accept a smaller monthly payment from you and write off the rest of the debt. This would free up more of your income and do less damage to your credit score than bankruptcy proceedings.
Interested? Contact Harris & Partners Inc. in Oshawa today to learn more about consumer proposals!
How do I get debt help in Oshawa
If you need help with your debt in Oshawa, you can count on Harris & Partners for professional, compassionate guidance. We are fully qualified to provide a wide range of debt solutions and work with your creditors to reduce your overall debts. Our solutions include, but are not limited to:
- Debt consolidation
- Consumer proposals
- Corporate insolvency
- Bankruptcy
If you have been affected by debt and want to know how to reduce them or even have them completely written off, let the Oshawa Licensed Insolvency Trustees at Harris & Partners Inc. help you regain financial control.
Are Debt relief programs a good idea?
Debt relief programs can be a beneficial tool for individuals struggling to manage their debts. However, it’s important to consider the potential effects on your credit score and ensure the program fits your unique financial situation. Always conduct thorough research, or get in touch with our professionals to talk through your options.
Can debt relief help with student loans in Oshawa?
Yes, debt relief programs can help manage student loans in Oshawa. For example, consumer proposals may be an option. This allows you to group your student loan debt, along with 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.
Manage your debt in Oshawa with Harris & Partners
If you’re struggling to get on top of your debt in Oshawa, our Licensed Insolvency Trustees are on hand to help. Get in touch today and we can help you carve your way to financial freedom.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca
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