- Debt Consolidation: Converting your several unsecured loans into a single payable entity is termed as debt consolidation. The biggest advantage of debt consolidation is that the interest gets reduced on the whole and now you only have to repay for one single loan at hand.
- Debt Management Plan: Planning your debt repayments is the best option when it comes to securing the future. Debt Control Ltd. makes sure you pay off your debts in a timely manner with a systematic and a functional debt management plan in place. The plan involves paying a certain monthly installment over a stipulated period, excluding the interest payments.
- Debt Reduction Plan: In case you are not capable of paying 100% of your debt, debt reduction plan is for you. Under this plan, you would have to repay a certain pre-decided amount over a period of 3-5 years. By following this method, you would be repaying only a part of your unsecured debt.
- Bankruptcy Toronto: When nothing seems to work out, bankruptcy is the only available solution. This process would involve you making the lowest repayments possible that would depend on your assets and income altogether. The disadvantage would be that you would not be eligible for any loan for a stipulated period of time.
- Credit Report Improvements: One thing that is liable to suffer post your debt management is your credibility. This rating directly decides whether you are a reliable borrower or not. Debt Control Ltd. will help you implement best practices that aid in credit improvements on the way.
All you need to do is pay a decided amount to us on a monthly basis. We’ll make sure that your repayment is done on time and that too effectively.
The advantage of this scheme is that the interest would be lower than the actual one and less monthly installments that are affordable to the pocket.
The greatest advantage of a debt reduction plan is that it helps you avoid bankruptcy. Another thing is that you would not have to compromise with your valuable assets.
Looking at the positive side, bankruptcy will help you start a new beginning. It is another chance of starting from the scratch with all the bad memories left behind.
The greatest advantage of credit improvements is that you would tagged as a reliable borrower and applying and getting loans would become easy.