Forward Thinking Debt Solutions Across Alberta

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.