“I was sitting on the bus today, on my way home from work, and saw an ad that said ‘My Debt Rescue.’ Moments later, we drove past a billboard, and I saw the same words. If that isn’t a sign, I don’t know what is. I quickly jotted down your company name. I need my own debt rescue!”
Almost Given Up
“I have had debt for as long as I can remember. I have six different credit cards that I used to buy things for my three children while I raised them as a single mother. I am behind on all of them. At this point, I am getting collection calls every day, and while I want to pay them back, in reality, I’ve given up hope. Can you help?”
“I feel like I am trapped. I make good money working in the oil fields, but I am maxed out on my credit cards, and this week, I had to take out a payday loan just to have enough money for my truck payment. Collection companies are calling me every day, and they are threatening to garnish my pay-cheques, which I can’t afford right now. My buddy said you helped him. Hopefully, you can do the same for me.”
Every single day, we receive emails and calls that sound just like this. If you feel like you are struggling alone with your debt problem, it is time to seek help. Whether you have bad credit, can’t pay your bills, or are feeling harassed by calls from collection agencies, LCTaylor can help you with your money troubles. We will work with you to help you find the debt solution that is best for your unique situation.
10 Ways To Tell if You Have a Real Debt Problem
One of the keys to getting real help with your financial situation is to seek advice while there are still numerous options available. It is often difficult to know when you really need help with your debt, and when you should just continue handling it on your own.
Generally speaking, you should be seeking help when one or more of the following things have been happening to you:
- You are not able to pay off the balance on your credit cards every month.
- You have had your cheques bounce due to insufficient funds.
- Your cards have been declined when trying to make a purchase.
- Your utility bills are falling behind, or utility companies are threatening to cut off services.
- Creditors are harassing and threatening you.
- Your wages are being garnished.
- You live in your Overdraft Protection on your bank account.
- You have borrowed money from family or friends.
- You have borrowed from a payday loan service to get you from one payday to the next.
- Your monthly debt payments exceed 20% of your net income (the income you bring home after taxes.)
My Debt Rescue – Just What I Need!
If any of the above situations resonate with you, you may be thinking to yourself, “I could really use a debt rescue.” At LCTaylor, our goal is to educate consumers about all of the options available to those who have financial problems.
LCTaylor is a team of experienced Licensed Insolvency Trustees who will help you to stop bad credit, get out of debt, and stay there. We have been helping people for more than 30 years out of our two offices – one in Winnipeg and another in Kenora. We offer a full array of options, including credit counselling, consumer proposals, and bankruptcy.
What to Expect
When we meet with you, either in person or by telephone (for those people living north of the 51 parallel in Manitoba), we will review your situation with you in detail. We will look at who you owe money to, what assets you have, and your family situation and needs. Based on the information you give us, we will be able to explain to you what your various options are at this time.
The sooner you meet with us, the more options will be available. If debt is dealt with early, it can often be solved with better budgeting or a consolidation loan. If you are at the point of having your wages garnished or utilities cut off, then it is more likely that only a Consumer Proposal or Bankruptcy will solve your problem. Those are the only two solutions that are binding on all of your unsecured creditors and provide protection against collection practices such as garnishment of wages. Only a Licensed Insolvency Trustee, such as ourselves, can administer a Consumer Proposal or Bankruptcy.
If, at some point after that initial assessment of your situation, you make a decision to file either a Consumer Proposal or Bankruptcy, we will prepare documents for you to sign, file those with the federal government and notify your creditors so that they can provide us with exact amounts owed, file a claim, and cease collection practices.
Our goal is to provide the best possible solutions for your situation. Finding a debt solution is truly a team effort, and we look forward to working alongside you to resolve your debt struggles. We are excited to hear you say the words, “I finally have my debt rescue!”
Do you need help with debt? To find out how to reduce your debts, set up an appointment with the Licensed Insolvency Trustees at LCTaylor.