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Credit Counselling Waterloo

Access Mortgage is here to tell you that if you are struggling with a mountain if unsecured debt to numerous creditors and lenders, and you have been told that credit counselling, consumer proposal, or filing for bankruptcy is the only way out, THIS IS NOT TRUE. Don’t listen to the advice you have been given by professional representatives that are trying to push individual agendas for financial gain! Expert Mortgage has another way, and it involves repairing your credit instead of damaging it, like these other strategies will for up to 7 years. If you are considering credit counselling in Waterloo, Access Mortgage wants to hear from you first. Read on for more information about how Access Mortgage can help you become debt free without damaging your credit.

Click here to set up your call with an Access Mortgage professional!

What is credit counselling?

Credit counselling is a thorough debt education and reduction process designed to provide comprehensive financial help to those who are trapped under their burden of consumer debt. Usually offered by non-profit organizations, credit counselling is often the route people take when they are struggling but can still manage to pay their bills. The credit counselling process can be quite a lengthy process depending on the amount of debt that you have and your counsellors’ ability to negotiate successfully with your creditors. Using a combination of budgeting and financial education, debt consolidation loans, negotiating with your creditors and other strategies, credit counselling aims not only to get you out of debt but also to give you tools to prevent you from getting too far into debt again.

What many professional representatives will avoid telling you is that when you sign up for credit counselling in Waterloo, a note is made on your credit history. This note brings to light that you are struggling financially to pay off debts, and that you have sought out professional assistance. Ultimately, this red flag on your credit history will end up damaging your score for many years into the future.

So how can Access Mortgage prevent this from happening? Let’s take a look:

Debt Consolidation:

A debt consolidation loan is a loan (usually from a bank) that lets you repay your debts to all your creditors at once. This means that you only have one monthly payment, often at a lower interest rate than you are paying now. This saves you money on interest fees and lets you pay off your loan faster. With debt consolidation, you essentially ask a creditor to loan you one big lump sum of money to pay off all those small debts. Your new big loan will be a much lower interest rate, saving you thousands of dollars over the next few years.

Refinancing:

Refinancing is the process of replacing an existing loan with a new loan.

The new loan pays off the current debt, so that debt is not eliminated when you refinance. However, the new loan should have better terms or features that improve your finances. The details depend on the type of loan and your lender, but the process typically looks like this:

  1. You have an existing loan that you would like to improve in some way.
  2. You find a lender with better loan terms, and you apply for the new loan.
  3. The new loan pays off the existing debt completely.
  4. You make payments on the new loan until you pay it off or refinance.

These are the main financial strategies that Access Mortgage can assist you with. Choosing these strategies will allow you to repair your credit instead of damaging it further. Don’t just take the first advice that you get that is telling you to file for bankruptcy, credit counselling in Waterloo, or consumer proposal. THERE ARE OTHER WAYS!

For more information about credit counselling in Waterloo, and how Access Mortgage can steer you away from this harmful strategy, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.

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WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
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    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
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    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
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    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

    BEA - CAMBRIDGE, ON
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    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
  • “From full of stress to stress-free”
    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D., MISSISSAUGA, ON
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    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
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    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
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