Understanding the roles of the trustee, the credit counsellor, and the debt negotiator
Filed under: Bankruptcy, Debt Management, debt relief, Videos
I work as a debt counsellor, which means that I help people who are dealing with debt. One of the biggest services I provide is information. The following videos details the roles of the three main debt managers in Canada: The trustee, the credit counsellor, and the debt negotiator.
Please note that one is not “better” than the other. They are different. Which means that each provides a good service to someone. As a debt counsellor, I can help you identify which solution would work best for you.
What a debt counsellor does for you
Filed under: Bankruptcy, Debt Management, debt relief, Proposal, rebuilding credit
We understand that many people who are in financial crisis struggle with getting the right information. Not because they lack intelligence, but rather because they lack experience and simply don’t know where to begin looking for help. After all, financial crisis is not a common occurrence in one’s life: it’s an anomaly, an unusual, one-time event. Read more
What are my debt-relief choices?
Filed under: Bank's Profits, Bankruptcy, Debt Management, debt relief
Below are some of the debt-relief choices that are available to you. While we cater to Vancouver Island and the Greater Victoria area, this information is applicable Canada-side. We do strongly recommend that you consult and independent debt counsellor for debt-relief advice, be it through this website or elsewhere, to get the information that best applies to you. Read more
Bankruptcy and the big question: Other debt-relief options
Though it is true that bankruptcy provides you with that fresh start, you should consider the other debt relief options before filing bankruptcy. Bankruptcy can help you discharge almost all of your debts but at the same time it hurts your credit too. As a result, it becomes hard for you to get any form of new credit after the discharge of bankruptcy. So, it would be best for you to consider how to become debt free without you having to file bankruptcy. Read more
While the Canadian economy struggles, the Big Five Banks see a profit of $22 Billion
In the news today: “Big banks made $22.4B in 2011.” In a nutshell:
- Canadian Bank profit in 2011 was $22.4 billion, 15% more than the last year.
- Last years profit was “only” $19.5 billion.
- One of the predominant contributors to growth was loans; the other was retail growth.