Blog

solutions-endettement-particulier

The 3 debt solutions for individuals

solutions-endettement-particulierDid you know that Quebecers' debt level is particularly high and alarming? In fact, more than 100,000 Quebec households have a financial situation deemed to be at risk.

Being close to debt is not a pleasant situation to be in, and causes many problems of anxiety, discomfort and worry. Obtaining credit is a simple option, yet it contributes to the over-indebtedness households.

Before you are overwhelmed by your debts, debt solutions exist and are available for regulate your financial health. Get out of debt today and enjoy peace of mind.

Identify your debt situation in good time

Before looking for debt solutions, it's necessary to know your debt level to find out if you're experiencing a problem that requires intervention. To find out, please contact us, certain warning signs of indebtedness can give you early warning :

  • You're having trouble paying your bills on time and are falling behind for the next month.
  • You pay a credit card with another credit card
  • Your utilities (telephone, electricity, heating, etc.) have already been cut off
  • Reduce your monthly expenses to adjust your budget
  • Have you ever written bad checks?
  • You often ask your family and friends for money to make ends meet
  • A collection agency has already called you

If you've already experienced some of these elements, you're probably in debt.t. To get out of this situation quickly, take matters into your own hands and find out about debt solutions.

Make ends meet with debt solutions

solutions-a-endettementYou can't stand living in this anguish of losing your roof, having no heating in winter or having to keep asking for money to cover your expenses? N. Séguin understands the difficulties you face on a daily basis, and that's why our bankruptcy trustee to help you regulating your finances.

Depending on the the realities of your financial situationwe offer you three debt solutions:

Debt consolidation

This first solution to debt is based on the principle of consolidate all your debts into one. Indeed, the debt consolidation is suitable for individuals who are able to repay their debts in full with interest. If this is not the case for you, we recommend the following two debt solutions. Debt consolidation offers you the following advantages:

  • You pay all your debts in a single monthly payment at an attractive interest rate
  • You pay off all your debts your creditors

Please note that this does not reduce the amount of your debts.

The consumer's proposal

This second solution to debt reduce your debts through negotiation of N. Séguin with your creditors. Indeed, the consumer proposal is a solution for people who can repay part of their debts.

However, two additional criteria must be met in order to benefit from this debt solution: you have difficulty repaying your unsecured debts (credit cards, bank charges, taxes, etc.) and your debt is between 1,000 and 250,000$. The consumer proposal brings you the following advantages:

  • Your debts may be up to 80% by negotiating your debts with your creditors
  • You pay nothing more interest
  • You pay a single monthly paymentwithout interest
  • You avoid personal bankruptcy and protect your personal property
  • The repayment period can be extended up to 5 years

If this debt solution doesn't suit your financial situation, here's one more.

Personal bankruptcy

This last solution to debt is often the most radical, but it's still a way to get out of debt. free yourself from debt. The personal bankruptcy is reduce or eliminate your debtsand avoid losing all your assets.

The trustee in bankruptcy, N. Séguin, proposes an asset purchase agreement with your creditors to help you return to a normal financial situation. To this end, the personal bankruptcy offers you the following benefits:

  • You are free many or all of your debts
  • You pay nothing more interest
  • You protect your assets personnel
  • You can get peace of mind and start a business new financial life

Don't wait any longer to get out of debt! N. Séguin offers you debt solutions that will give you a better life and free you from debt. Contact our experts today and take advantage of a free initial consultation.

Related articles

faillite personnelle

Why opt for personal bankruptcy? 🔍

When faced with major financial difficulties, understanding all the options available to you is essential. It helps you make informed choices and, often, better manage your financial future. Among these options is personal bankruptcy, which can appear to be the only way out.

Read more
EN