Our Ottawa office also provides debt consolidation options to Kanata, Nepean, Ottawa West, Ottawa South, Stittsville, Greenbelt, Ottawa East, Cumberland, Embrun, Casselman, Winchester, Kemptville, Smiths Falls, Carleton Place, Perth, Mississippi Mills, Arnprior, and Renfrew.For individuals who believe they may need to file for bankruptcy, we help them look into all bankruptcy alternatives and relevant information that's available in Ottawa, Ontario.It can be confusing because debt consolidation is also used to refer to debt settlement programs as well.Debt Management Program: These programs often work hand in hand with credit counseling.During this program, you receive financial counseling and meet with a financial advisor.Additionally, the debt management company contacts your creditors and attempts to negotiate lower interest rates on your behalf.
Many of these options work hand in hand with or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt you owe them.
Lower interest rates allow you to more quickly pay off your debts.
These debt relief programs don’t have a negative impact on your credit but may limit your credit options for their durations.
Accredited Debt Relief is an affiliate and offers the same programs.
New Era Debt Solutions is another standout company.