Today in Canada we have a major debt issue, on average we are spending around $1.65 for every dollar ...
Today in Canada we have a major debt issue, on average we are spending around $1.65 for every dollar of earned income. Many people think their only option is to do a consumer proposal or declare bankruptcy. As part of our Financial Goals Analysis we will contact a mortgage and debt specialist who will analyze your debt situation. If possible a debt reconstruction using the equity in your home will be recommended.
Now we all want to eliminate our mortgage however sometimes it is best for us to do the debt reconstruction. It can free up needed money by reducing the interest paid on our loans, especially credit cards. This can free up needed money which can be used to meet your families daily living and contribute your overall financial plan for the future.
In some cases it may be better to use alternative techniques to eliminate your debt. Our advisors will show you alternate plans to help you if you are not eligible or do not wish to do a debt reconstruction.