Facts & Fictions when Dealing with Debt

Information on any topic is at the tip of our fingertips and available 24/7.  We can find the rating for that new restaurant downtown, the actor’s name from our favorite movie or this afternoon’s weather forecast in a matter of seconds.

But if you have more serious issues to deal with, the internet can be tricky to navigate.  You have a tooth ache – you search for a dentist.  You’re being sued – you search for a defense lawyer.  What if you can’t make your minimum credit card payments, owe substantial personal income taxes or are suffering from debt stress?

Debt is becoming more common.  A search on the web for possible solutions takes us down various paths, some more dangerous and costly than others.  Search results will lead to lots of quick fixes as well as incorrect and misleading information.  This is not helpful when you need a solution to dig yourself out of debt and get a fresh start.

Licensed Insolvency Trustee (“LIT”) is the only professional in Canada with the license, tools, training and experience to address excessive debt.  Here are some examples of facts and fiction that we hear on a regular basis from people calling or meeting with us to ask for help:

These are only a few examples of misinformation found on the internet or circulating in certain social circles.  When you are carrying excessive debt, consult a professional, an LIT, who will take the time to meet with you, understand your situation and offer practical, accurate and reliable advice to protect your assets and relieve your debt stress.

If you need help with your plan or are burdened with debt stress, asking for sound advice is a sign of strength and the smart thing to do.  Asking sooner rather than later is always better.  Call Doyle Salewski today for your free, no obligation consultation.  You’ll be glad you did.