How Debt Settlement Works - Reduce Your Debts

Debt Settlement: The Canada Debt Settlements Way
Rule #1:
You're In Control.
Canada Debt Settlements will never ask for your power of attorney or consent to alter your arrangements with your creditors. We simply contact your account holders to negotiate lump sum payouts on your behalf for the maximum savings possible considering your situation. All offers are presented to you for acceptance and approval to pay - you are informed of all deals as they happen and remain involved in the process throughout.
Rule #2:
Canada Debt Settlements does not report to the credit bureau.
Unlike bankruptcies, consumer proposals and credit counseling, debt-settlement is not registered as an Orderly Payment of Debt Program on your credit history and settled accounts reflect as "Settled-In-Full" and closed at their current credit rating. Canada Debt Settlements does not share information with any organization without your expressed written consent. Be Aware: filing for bankruptcy, consumer proposal, or credit counseling results in an automatic R7/R9 OPD rating which takes years to come off your credit bureau.
Rule #3:
You do NOT have to include all of your debt.
Canada Debt Settlements will only negotiate those accounts that the client wishes us to settle. This is especially sensitive in situations where there are co-signed accounts, or when not all of the accounts need to be settled. Under the approach of either bankruptcy, consumer proposals and credit counseling, the client must include all of the debt, no exceptions
Rule #4:
Debt settlement occurs over weeks and months, not years
Depending on the client-specific situation, a well-worked file should take several weeks to a couple of months to conclude, never years. While long-term payment plans are available, Canada Debt Settlements will work to complete the program with you as quickly as possible.

Debt Settlement is an innovative approach to debt-reduction and an alternative to bankruptcy, consumer proposals, credit counseling and other debt-management programs.

There are many variations of debt-settlement programs but essentially, debt-settlement involves negotiating with your creditors for a lump-sum payment towards an outstanding debt as a full and final settlement for a lower amount than what is actually owed.

There are different forms of this program, depending on the needs and requirements of the client. For the right circumstance, using the debt-settlement approach could bring many benefits unavailable through traditional debt-reduction methods.

When considering Debt Reduction options it's best that you understand your rights as a consumer, and your creditor's rights under the law.

Please see the following page for more information: Advantages of Canada Debt Settlements' Debt Reduction and Debt Settlement programs...

Other areas you may find interesting: Our Frequently Asked Questions


For a list of all our services please see our Services Page or Contact Us.

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Canada Debt Settlements stands by the commitment and service guarantee that no client will be charged unless we can achieve a debt reduction. As our customer testimonials will demonstrate - we have a unique solution that allows a licensed agency to advocate with your creditors on your behalf. We work for YOU... not the creditor. Call now to speak with an experienced and licensed debt professional. What do you have to lose?

Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+


Call now for your free no obligation consultation 1-877-475-3939