WHAT CAN YOU DO IN A BAD DEBT SITUATION?

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WHAT CAN YOU DO IN A BAD DEBT SITUATION?
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• About Us

• We at Credit720 work for you in a similar way
  just as your Tax Consultant or Accountant. You
  hire our expert advice in debt negotiations as we
  help protecting your assets and safeguarding your
  rights as our esteemed client.
• At Credit720, our goal is to protect your best
  self-interest and not the creditors. Debt
  Consolidation, Consumer Proposal - Calgary
  Edmonton Region.

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• What can you do in a Bad Debt Situation?

• Often, people find themselves stuck in a
  situation of debt where there is no way that they
  can pay off the debt. This is a very difficult
  and tricky situation for anyone.
• When stuck in a position like this, there are
  only a few options to choose from. You can try
  consolidating your debts if you are stuck with
  multiple high-interest debts.
• But, if the situations are worse and none of the
  above two options work, you can file for
  bankruptcy.

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• What is Bankruptcy?

• Bankruptcy is a legal procedure where you
  surrender your property to a Licenced Insolvency
  Trustee and by doing so, you are relieved of your
  debts. In this process, you can retain some of
  your assets, depending on where you stay. 
• Personal bankruptcy service in Lloydminster is
  meant to provide the honest and the unfortunate,
  an opportunity to restore and restart their
  financial life. You do not lose everything that
  you have while filing for bankruptcy. Every
  province has some assets or a portion of assets
  which are exempted from bankruptcy. 

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• Way to Avoid Filing for Bankruptcy

• The first way to avoid bankruptcy is debt
  consolidation. If you are unable to pay off your
  debt because you have multiple debts which are
  costing you sky-high interest rates, you can take
  a new loan at a lower interest and use it to pay
  off all other existing loans that you have. This
  process is called debt consolidation. You can
  avail of a new loan at lower interest rates
  especially if you apply for a secured loan (loans
  against assets). 

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• Way to Avoid Filing for Bankruptcy

• If you want to consolidate debt in Alberta and
  around, you can take professional help from debt
  consolidation and management services. Another
  way to avoid bankruptcy is to try and negotiate
  your debt with your creditor.
• You can do this with or without professional help
  but the latter is recommended. In this process,
  you negotiate with your creditor to settle for an
  amount that is less than the original debt, an
  amount that you can pay. So, by consolidating
  your debts or by debt settlement, you can try to
  avoid bankruptcy

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• The Bottom Line

• The bottom line is that you should always try to
  take advantage of procedures like debt
  consolidation and debt negotiation to get out of
  your bad debt situation.
•  However, if these options do not work for you,
  you can always file for bankruptcy. Bankruptcy
  laws are provided to give an economically broken
  person, a chance to restart their financial life
  and Credit720 can be a stepping stone for you.

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Contact Us
Red Deer 924, 4747 67th St,Red Deer AB, T4N
6H3Telephone [phone]Fax (780)
666-9721Email info_at_credit720.ca Edmonton
South 9856A 33 Ave NW, Edmonton AB T6N
1C6 Telephone [phone] Fax (780)
666-9721 Email info_at_credit720.ca
Edmonton North 203, 12930 50 St, Edmonton, AB T5A
4L2 Phone [phone] Email info_at_credit720.ca
Lloydminster(Alberta Saskatchewan) Unit 102,
4802 -50th Avenue, Lloydminster, AB T9V
0W5 Phone [phone].666.2600 Email
info_at_credit720.ca
http//www.credit720.ca