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Credit Debt Consolidation

Debt Counselling Waterloo
Finding a solution that works for you in the long run, and affects your credit as little as possible, will ease your money worries and let you sleep better. There are many debt relief options and considering the advantages, as well as the disadvantages of each one, is important as you look for ways to consolidate your debts and become debt-free. Many people who choose to use bankruptcy trustees get sold on their advice to consider debt counselling as a form of debt relief. However, little to these clients know, this strategy will severely cripple your credit score for up to 7 years! Access Mortgage wants to hear from you first if you have been given this advice by a trustee in bankruptcy. There are other strategies that will improve your credit, opposed to damaging it with debt counseling in Waterloo. Read on for more information.

Set up your call with an Access Mortgage professional here.

What are some disadvantages of a debt counselling program?
There are a number of disadvantages to a Debt counselling program, most notably that it is reflected on your credit report that you are receiving help from a third party to repay your debts. However, repaying your debt is better than struggling to make partial payments, making no payments, or declaring bankruptcy. Here is our list of cons or disadvantages with a debt counselling program:

⦁ Depending on how much you owe, who your creditors are and your income situation, it’s not the right solution for everyone.
⦁ Your creditors must agree with you and your Credit Counsellor that this program makes sense for your situation.
⦁ It is noted on your credit report that you are making payments on a debt management plan, (which is, of course, better than not being able to repay your debts at all).
⦁ You need to make a payment each month.
⦁ It impacts your credit for up to 7 years.
⦁ Debt counselling companies charge very large fees for this program, but these can be safely avoided by working with a non-profit service.

Debt counselling can damage your credit for up to 7 years. This is not the strategy you want to take when you are trying to get out of debt and get on the path of financial freedom. Consider debt consolidation or refinance instead of damaging your credit with debt counselling in Waterloo. 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
  • “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 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
  • “No hesitation recommending”
    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
  • “A tough deal that others could not do!”
    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
  • “Seamless from beginning to end!”
    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
  • “Patient with deep understanding”
    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
  • “Got creditors off our back”
    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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