If you are considering credit counselling or debt counselling in Toronto for debt relief, you are not alone. Each year good people find themselves in a lot of stress caused by a growing debt.

In 2013, there were 69,224 bankruptcy filings for people in Canada and 49,454 people filed consumer proposals. The average unsecured debt from bankruptcies or proposals was $61,096 and of that credit card debt was $23,741 on average.

Interest rates are currently low in Ontario, however an increase in interest rates would significantly impact individual’s ability to meet their financial obligations.

Many individuals seek the advice of debt counselors and credit counselors to obtain debt relief. If you find yourself constantly worrying if you can make ends meet, from one month to the next, then you should consider talking to a debt relief professional like a Trustee in Bankruptcy.

You could go to a credit counseling company, seek a consolidation loan or seek the advice of numerous debt counseling services however only a trustee in bankruptcy has the ability to outline all the alternatives available to you and the legal consequences of each option.

Shopping around for a consolidation loan in many cases will significantly lower your credit rating as each company that runs a credit check will have a negative impact on your credit rating. Most companies that offer consolidation loans make their money by selling a loan agreement. A trustee is working with you to help you identify the best option for your situation.

Consulting with a trustee does not mean that you are obligated to file for bankruptcy.  In fact they will review all your options including consolidation loans, informal proposals, consumer proposals and personal bankruptcy. It is important that a debt counselor or credit counseling company provide you with all the available options.

While it is important to understand the main circumstance that started the accumulation of debt, it is more important to set in place guidelines to prevent the event from reoccurring. Therefore not only should your counselor identify the options available to you, they should also help you to put measures in place to prevent problems from resurfacing in future.

We understand that no one likes to talk about their financial situation. Most people that come through our door are good people that have found themselves in financial trouble.  They are stressed out about not having enough money to pay their monthly obligations and see their situation getting worse with each passing month.

A call to our office will likely be the most stress relieving call you will ever make. We have helped thousands of people like you to reduce their stress and get financial relief. Our debt counselors are compassionate and caring and guide you through the various options.

The initial consultation is free and we offer after hours appointments for your convenience. We have offices across the Greater Toronto Area (GTA).

Do not let your debt continue to build month after month. I encourage you to give us a call for credit counselling, debt counselling in Toronto and to review your debt relief options.

Credit and Debt Counselling Services Summary For Etobicoke



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About Richard Killen & Associates

Since 1992, Richard Killen & Associates, a Licensed Insolvency Trustee, have helped thousands of people resolve their financial problems. With 25 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.

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"Serving the GTA for 25 years."