How Faber Provides Debt Relief
When burdened with debt, we’ve seen clients struggle to pinpoint what brought them there. We understand that it can be difficult to know where to start. With debt-relief solutions tailored to your financial challenges, our Licensed Insolvency Trustees (LITs) work to educate and empower you to become debt-free.
At Faber, we’ve been privileged to help many individuals and companies during financial crisis.
They were very helpful throughout the whole process and took the time to explain everything properly.James r
I had to claim bankruptcy and had no idea how to go about it or what was involved and the... Read moreBrent Bell
Since my first appointment with Muth (Senior Analyst assigned to my case) I knew that things were going to go... Read moreJavier Valencia
Explore Our Debt Insights
What Clients Ask Before Becoming Debt-Free
Do you have lots of questions running through your mind? To learn more about the right debt solution for your needs, please book your free information session with one of our Licensed Insolvency Trustees (LITs).
Not all debt solutions are created equal, and there isn’t only one way you can reduce your debt. Depending on how much you owe, we assess which solutions will help you become debt-free as soon as possible in the least amount of time. To get started, you should spend the minimum possible on essential needs, reduce your credit card use, and pay back more than the minimum amount owing.
One of the best approaches to eliminating personal debt is creating a repayment strategy. Most creditors are willing to negotiate the terms of repayment rather than losing out on the entire amount owed. They may reduce your interest rates, decrease the principal amount owing, and help set a reasonable payback schedule.
The fastest, most hassle-free way to become debt-free is to build a realistic budget. Figure out what you need to save to cover your living expenses while leaving room to pay back your debt sooner rather than later. A great way to speed up debt repayments is to restructure and consolidate your debt into one affordable monthly payment.
You can contact your creditor to see if they can write off your debt. If you require immediate debt relief, you should consider filing a consumer proposal with Faber. This way, you can stop a legal order, eliminate collection calls, and pay back less than what you owe.
All debt consolidation plans or repayments are removed from your record after two years of debt repayment.
Still Unsure Which Debt Option Works For You?
Our Licensed Insolvency Trustees (LITs) can help you weigh the advantages and disadvantages of each debt relief option. We’re here to help you make a confident and well-informed decision.
Not yet ready to talk about your money concerns? We’ve been there.
Want to know what you could expect to pay with us on your side?