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.

Debt Freedom Calculator

Reduce your debt by up to 80%

With a Spergel Consumer Proposal, you can reduce what you owe and become debt-free faster.

We’re having trouble calculating your options. For further assistance, you may request a call or use the LiveChat function to contact a Spergel representative who will be able to assist you immediately.

Enter your total unsecured debt. Unsecured debt means debt that is not tied to an asset or collateral like credit cards. Do not include any secured debt (like mortgages, car payments, etc.).
A Spergel Consumer Proposal is structured into monthly payments paid over a period of up to 5 years. You will not pay additional interest or fees during that time.

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.

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.
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