Want to Eliminate Credit Card Debt? We Can Help
Get relief from your credit card debt, stop interest and collection calls. Let us help you be free from credit card debt.
Credit card debt isn’t difficult to build up, the challenge is in dealing with it if you have over-extended yourself. It doesn’t help that credit card companies often increase the interest charged to you if they see you struggling to make your regular payments.
Don’t get stuck in a cycle of playing catch up with high interest cards, it can take years to repay if you cannot make large installments.
A consumer proposal or bankruptcy can eliminate the interest and relieve your debt problem in a short period of time. Your Licensed Insolvency Trustee will review your credit card balances with you and develop a plan that will make you debt free as soon as possible. We can help you resolve your credit card debt.
What Happens If You Stop Paying Your Credit Cards?
If you are unable to repay your credit card debt, eventually your accounts will go into collections. Collectors will call and ask you to make payment arrangements on a regular basis. For many people, these calls can be very stressful and upsetting.
Eventually, if a debt remains unpaid you may find the credit card company seeking a garnishment of your wages to recover what is owed to them. We can help you stop this process with a bankruptcy or a consumer proposal.
How to free yourself of credit card debt
Janet couldn’t juggle anymore. For years she had been paying one credit card with another whenever she would get into financial trouble. Carrying large balances and paying a lot of interest was causing unnecessary stress. Janet needed one monthly payment and to see her balances going down – not up. We helped her with a consumer proposal, one affordable monthly payment with all credit card debt included. Now Janet is debt-free, juggling family events like soccer practice and dance recitals instead.
November 27, 2020
Great team 👏 Ewelina is amazing helpful and understanding. Thank you for the help Ewelina Keep up the great work. All the best.More
November 26, 2020
Nice and very friendly very helpful and knowledgable couldn’t ask for a better serviceMore
November 25, 2020
She’s very good representative and she’s explain friendly clearly from the start to the end specially for managing the financial situation. KatilaMore
November 25, 2020
Perveen and Chris have been extremely helpful and reassuring during a very difficult time.More
November 25, 2020
So far the service has been excellent.More
November 24, 2020
Perveen Katila was excellent in her help with us during counseling sessions. Answered all our questions and gave suggestions.More
November 22, 2020
I want to thank the wonderful team at Spergel for helping me get my life back. I was in a financial bind, did not know where to turn. Theyhave help me back on my feet debt free. I...More
November 19, 2020
Everyone's circumstances are different, but I am sure that going through bankruptcy is one of the most stressful (and shameful) things one can experience. I didn't know how I...More
Frequently Asked Questions
Can I really include old credit card debts in a bankruptcy?
You can include all credit card debs that you owe if you file a bankruptcy or a consumer proposal. The age of your debt does not matter. If you owed the money prior to the date of filing bankruptcy the credit card debt will be included in the process.
What if someone co-signed on my credit card?
If someone has co-signed on a credit card debt with you, they will be equally responsible for repaying the debt. If you choose to file a bankruptcy or a consumer proposal the credit card company will seek repayment from the co-signer on your account. It is a good idea to discuss this with the co-borrower before filing so that they know what to expect.
Debt Help Learning Centre
If you’re just starting to explore your options, visit our learning centre to learn from our articles and resources to start on your path to debt freedom, and when you’re ready, our trustees are always available to listen.