There are several companies who advertise that they can help you with your credit card debt, unfortunately some of them are a total scam and will take your money without doing any work.
I’m talking about “debt management”. I’ve heard too many people tell us they have responded to an ad promising debt management help and what ends up happening is this: You sit down and get a 30 minute consultation and fill out some financial information. The consultant charges you anywhere from $250 – $1,000 up front and then walks you across the hallway and introduces you to a trustee to file for bankruptcy .
Watch out for these debt management marketers, they are all over subways, local free papers craigslist.ca and kijiji.ca. Debt management is a broad word. There are only two reputable industries that can get you out of credit card debt for a reasonable cost, one is debt settlement and the other option is for more severe debt problems like bankruptcy or consumer proposals which is offered by trustees in bankruptcy
If you want to go bankrupt, go see a bankruptcy trustee for a free consultation and save the money you would spend on a debt management outfit. If you are ever unsure about an offer advertised, it’s a good idea to check out the bbb rating of a company before you waste your time and money on a middleman. If nobody is a raving fan of the company, then skip it and find one that has raving fans.
You could of course call our office and get a free consultation on your debt, and if the best solution to your problem is bankruptcy, we’ll tell you that for free.