Debt settlement is a credit card debt relief program where your creditors agree to accept less than what you owe, in exchange for a lump sum payout. This process is called negotiating debt, or simply: debt settlement.

With debt service ratios beyond 160%, many Canadians find themselves on a merry-go-round of debt, going around and around in circles, getting absolutely nowhere.  Sound familiar?  Well you do have options, and one of them is… GET OFF the merry-go-round!

What we do is educate you on your finances, and then set you up on a new budget that you can afford what will get you debt free in 1-3 years, as you save money, we negotiate reduced payouts with your creditors. Once we finalize a settlement, the agreed upon amount is paid by you through your budgeted savings and you are totally debt free.

Our debt settlement plan can get you free of unsecured debt, for less than what you owe today, and on a budget you can afford.  There are no credit checks, no requirements for a new loan or home ownership to begin. To qualify you must owe at least $10,000 in credit card debt and experiencing difficulty in paying your bills on time.

Not sure it works?  Visit our facebook fan page and read just a few of the thousands of love notes we have received from our clients over the years.  We could brag about being the best at what we do, but we are a humble team, so we let our clients brag for us.

Total Debt Freedom has a simple service guarantee. We promise that upon graduation you will be debt free for less than what you owed on the day you started our program, and that includes our fee. If we don’t, then you pay no fee.

Often advertised as a “free” service.  The truth is nobody works for free.  Non-Profit Credit Counsellors are funded for the most part by your creditors.  They offer no reduction in the amount of debt you owe, but may reduce your interest rate.  The total cost to get out of debt can be double the total cost of our program, it puts an “R7” on your credit report, and it often takes 2-3 years longer.  They call this program a debt management plan.

Credit counsellors are paid by the creditors you owe, and usually around 23% of your monthly payment.  In some cases you are asked to make donation payments of up to 10%.  Credit counsellors also have a board of directors that often include bank employees.  So it raises the question, who are they working for?  You or your creditors?

Recently Canada’s largest not-for-profit credit counselling agencies was caught without any certifed credit counsellors.  Read the story here:  Consolidated Credit Counseling Services of Canada operates without certified counsellors

There is a reason why some creditors tell our clients that they do not work with Total Debt Freedom, or they do not “recognize” us.  It’s nonsense, we have settled Tens of Millions of dollars in credit card debt for Canadians with every unsecured creditor in Canada, we have been doing this since 2004, and we have an “A+” rating with the BBB.  Learn more on why Creditors want you, on their plan, and not on ours.

By working with us, you are working with a team that is paid only by you, to get you the best results possible.  We never accept compensation from your creditors. 

Bankruptcy can be a good option to dealing with debt if you have money problems and no assets, but it’s devastating to your credit and demonstrates complete failure in your ability to manage money. Bankruptcy should be avoided, and really only used for very deep and serious debt problems.

A trustee in bankruptcy can help you with filing for bankruptcy, or they also offer a consumer proposal. Only a trustee can offer both but a proposal can run for 5 years, and can do considerable damage to your credit. Many trustees recognize that they make more money off a consumer proposal, so they tend to “sell” more of those programs as a bankruptcy alternative.

Also, it’s worth mentioning that even though you pay the trustee for the bankruptcy or consumer proposal proceeding, they are actually a court appointed agent for your creditors, and not you.

If you are having problems paying off your credit card debts, then contact us about a free quote and learn if you can qualify to avoid bankruptcy or not. If our program isn’t right for your money problems, we are always happy to point you to a trustee in your area for free.

A debt consolidation loan can sometimes be a solution to credit card debt, but it is very different from our debt settlement plan. When you have money problems, getting a debt consolidation loan to pay off your credit card debts often requires a co-signer and/or putting up collateral like a house or car. With a consolidation loan you can end up paying considerably higher interest rates and in some cases these can sometimes approach 35%.

Debt consolidation loans will rarely create any form of debt relief at all, in most cases they aren’t affordable, practical and can put you much deeper in debt. Trying to borrow your way out of money problems is an old antiquated idea that just doesn’t work.

If you have talked to your bank about a loan to get debt help and been turned down, then call us today about a free debt settlement quote. Our approach to debt relief might be right for your credit card debt problems.

If you are serious about getting out of debt and want the best people by your side, then we invite you to take a few minutes to talk with our friendly and experienced debt consultants today. It’s free, completely confidential, there are no obligations and we won’t judge you.

During your phone consultation we will explain how our debt settlement plan works, answer all of your questions and help you understand the other debt relief options out there. You have absolutely nothing to lose but your debt.  To get started please call toll free at
(866) 833-1992 or fill out our fast and easy online form to request your telephone consultation.