Debt assistance is designed as a way for Canadian consumers who are struggling with their debt for various reasons (job loss, illness, divorce, etc) to get back in control of their finances. This option serves as an alternative to bankruptcy and allows you to settle your unsecured debt (see examples above) for often considerably less than you owe. Through a debt assistance plan, you can consolidate all your bills into a single monthly payment that you can afford, reduce or eliminate collection calls, and legally "write off" up to 70% of your outstanding balances.
Why would your creditors agree to accept less than they're owed? It's very simple: they desperately want to keep you from going bankrupt because if you do then they will get far less of their money back. Every week in Canada there are hundreds of deals cut between creditors and debtors just like you for not only reduced interest rates, but reduced total balances, which are paid off over a manageable period of time. And that's exactly what we're experts in: negotiating the lowest possible settlement with your creditors and getting them off your back so you can relax and start enjoying life again while you climb out of debt. Just look at some of the recent settlements we've achieved for our clients: