Sentences with phrase «many debt consultants»

They also make certified debt consultants available to discuss your situation.

He told me about a debt consultant he found online that can help with «debt settlement.»

Take the first step by speaking with a Certified Debt Consultant today to find out what your options are.

Just contact them and a debt consultant or specialist will respond to you.

Not so with unlicensed debt consultants.

Our Certified Debt Consultants will consider all the details of your financial situation and advise you on the best way forward when they give you the free evaluation.

Doug Hoyes and Ted Michalos discussed the problem with unregulated debt consultants on «Ask the Experts» in Waterloo Region.

Ever heard of a debt consultant?

A debt consultant does the same work on behalf of a debtor.

They call themselves debt consultants, credit counsellors, financial planners — they all charge a fee to help you «negotiate your debt away».

Competing with consumer proposals, their debt settlement program came under fire because of the high upfront fees charged by these debt consultants, often for little or no work.

The report prepared by the OSB highlights several concerns with debt consultants offering consumer proposal advice to consumers for a fee.

I have spoken to debt consultants who tell me they can get a better deal for the debtor because of their knowledge of the system.

Consulting fees charged by debt consultants «averaged approximately $ 2,400 and reached as high as $ 4,200».

I look forward to these changes, which will hopefully end the practice of these types of debt consultants and save unsuspecting consumers from unnecessary costs as they work towards debt relief.

At my firm, Hoyes Michalos, we have successfully negotiated thousands of consumer proposals, giving us far more knowledge of the process than a debt consultant who has never filed a consumer proposal.

It's for this reason that I was quite pleased to see the Office of the Superintendent of Bankruptcy (OSB) issue a report on their review of the involvement of debt consultants in the administration of consumer proposals in Canada.

I do not believe that a proposal arranged through a debt consultant will result in a proposal costing less than one arranged directly through a Licensed Insolvency Trustee.

Eventually the Ontario government cracked down on these types of debt consultants — introducing debt settlement legislation in 2015.

Debt consultants know a consumer proposal is a better product for someone who is looking to make a debt settlement plan with their creditors.

To be clear: Hoyes, Michalos & Associates Inc. does not have a referral arrangement with any debt consultant agency.

Pacific Debt Inc.'s debt consultants then use the money in the savings account to negotiate a settlement with the creditors.

- All its debt consultants are certified by the International Association of Professional Debt Arbitrators, IAPDA.

There's no point in meeting with a debt consultant or someone else who doesn't fully understand the process.

Ted Michalos: In fact if somebody's asking them for significant upfront fees, then they're probably not dealing with a licensed trustee, they're dealing with someone called a debt consultant and you don't want to get me going on these days cause that's a whole other program.

Debt consultants advertise very heavily and their websites seem incredibly genuine and authentic.

They both work in the financial services industry and before seeing me they met with a debt consultant who said that they would be able to make all their debts go away.

This practice and scam has become so concerning that the Office of the Superintendent of Bankruptcy is investigating these debt consultant stories and reviewing their practice of advertising consumer proposals which they can not legally provide.

Unlicensed debt consultants are not your best option when seeking advice about your debt.

Debt consultants have no authority to actually negotiate with your creditors or offer any legal protection.

Bankruptcies and consumer proposals can only be filed through a licensed trustee, not a debt consultant.

As independent consultants, they are not affiliated with another company, and debt consultants can provide impartial advice without any conflict of interest.

Lawyers can't do it, nor can regular accountants or debt consultants.

The Scam «We'll reduce your debts by 70 % through a government mandated debt relief program» «We restructure your debt through a 100 % legal program approved by the court» «We work for you and not your creditors» Have you heard of these catchy slogans from debt consultants who will tell you anything you would like to hear?

Informal debt settlement plans offered through unlicensed debt coaches or debt consultants are not regulated and may be administered by anyone willing to set up such a company.

Only licensed insolvency trustees (the new designation for bankruptcy trustees in Canada) may administer a consumer proposal, so before you sign any agreements to pay, make certain you are dealing directly with a licensed trustee and not a debt consultant that will pocket your money and refer you elsewhere.

The amount of fees and costs paid to a debt consultant under a debt settlement plan may be hard to determine.

This is not to say debt consultants are bad.

And debt consultants usually do before they have settled any debts.

You can not declare bankruptcy through a lawyer, an accountant or a debt consultant unless they are also a trustee in...

I've met with several people who have enrolled in programs or entered into contracts with unlicensed debt consultants.

To find out if your state is serviced by Freedom Debt Relief or what services are available, you are encouraged to call 1-800-544-7211 to talk with a certified debt consultant.

That means the strict rules and laws that licensed insolvency trustees must follow to ensure that the process is fair, do not apply to the debt consultants.

When working with Freedom Debt Relief, not only do you have access to debt consultants every day, but you also can call late in the evening.

The suits filed recently by the FTC against Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America surround a common thread and common practices of many debt relief providers.

Federal Judge Rules in Favor of Financial Freedom Processing, Debt Consultants of America and Debt Professionals of America, Finding that the Federal Trade Commission Failed to Prove...

Shortly after looking into Debt Consultants of America I discovered that Butcher and Creel also run at least two additional debt settlement companies in the same building.

If you're still weighing your options for debt management solutions, a Certified Debt Consultant at Freedom Debt Relief may be able to help you figure out which option is right for you.

But Freedom Financial Certified Debt Consultants can walk you through the various options to help you know if debt consolidation is a viable option for you.

And if this article hasn't answered all your questions, one of our Certified Debt Consultants would be happy to answer any questions you may have about debt consolidation, the Freedom Debt Relief program, and other debt solutions like debt management.