Debt Consolidation

We at EMR Debt Solutions have strong, professional relationships with well known Financial Institutions and major Banks. Let one of our Qualified & Registered Counsellors sit down with you & review your finances to determine if a Debt Consolidation is the right path for you. Regardless if the options available to you are to re-finance your home or get a 2ND mortgage you need to be certain of your choices and all advantages/disadvantages before you make a final decision.

Debt Consolidation involves the following:

Lower interest rate

Reduced period of terms

Avoid filing a Consumer Proposal or Bankruptcy

What effect will have this on your credit bureau record? It may not affect it at all if creditors have not started collection action proceedings. It is our promise to you that your future will consist of a “Path to Financial Freedom & Growth” when you walk through our doors.

WHAT IS A CONSUMER PROPOSAL?

A debt assistance program offered by the Federal Government. It is a legally binding agreement between you and your unsecured creditors on the reduced amount that was proposed, which is covered in the Bankruptcy and Insolvency Act and Ontario Execution Act. During the proposal, your income is never monitored and your payments stay the same for the full term.

This option is best suitable for individuals that:

_ are insolvent and cannot make their payment obligations as they become due for reasons such as; loss of income, money mis-management or even dealing with unsecured debts along with an accident or serious illness in your family.
_ are capable of paying, an interest free, reduced amount on their unsecured debts
_ are planning to purchase a vehicle or a property in the near future
_ owe between $5,000- $250,000 dollars worth of unsecured debts.

DIVISION 1 PROPOSAL:

- Is a program offered to generally to small to midsized businesses that cannot
meet their financial obligations of $250,000 or more.
- It is also only offered to clients that owe more than $250,000 dollars and/or
owns more than one property.

JOINT- PROPOSAL:

If you have joint-debt of 70% or greater with another individual you can file a
joint proposal along with the other individual.

WE CAN HELP: 

At EMR Debt Solutions, our goal is to create an affordable, interest free, monthly payment plan for all of your unsecured debts so that you are on your path to financial freedom and growth and never look back. Also protect your assets such as your house and/or your vehicle.

WE CAN COVER: 

- Unsecured Debts such as;
• Credit cards,
• Line of credit, Unsecure Personal Loans,
• Student Loans (More than 7 years),
• Store Cards,
• Government Tax Owings,
• Medical Bills,
• Personally Guaranteed Business Debts,
• Utility Bills,
• Payday Loans,
• Bank Overdrafts.

WE CANNOT COVER: 

• Student Loans (Less than 7 years),
• Fines imposed by courts,
• Government Tax overpayments,
• ETR 407,
• Child and Spousal Support,
• Any debts aroused by fraudulent activities,
• Secured debts.

We IMMEDIATELY STOP: 

• Collection Calls,
• Wage Garnishments,
• Lawsuits,
• Asset repossessions,