Are you looking for help managing your debt, or wondering where to turn for professional debt advice? Sands & Associates can help you clear your debt and get a financial fresh start.
As Licensed Insolvency Trustees we are Canada’s official debt experts, empowered by the Federal government to assist consumers and business owners when they need help with debt. Whether you’re just starting to consider a plan of action to get out of debt or experiencing stress from overdue accounts or collection actions – there is a way to move forward, and we’ll help you find your best debt solution.
- Sands & Associates’ Kelowna Licensed Insolvency Trustees and Insolvency Estate Managers are committed to providing debt help with a friendly, non-judgmental approach and we’re available 7 days a week to talk with you about your options to get out of debt.
- Consumers across BC can access Sands & Associates’ full suite of debt help services by phone, online video, and in-person meetings at local Sands & Associates offices across the province.
I had a great experience with Sands & Associates while filing my consumer proposal. Their team was professional, knowledgeable, and supportive throughout the entire process.
They took the time to explain all my options clearly and helped me find the best solution to get out of debt. The process was smooth, and they handled everything efficiently, making what seemed like a stressful situation much easier to manage.
Thanks to their guidance, I now have a fresh financial start. I highly recommend them to anyone struggling with debt and looking for expert help. – Sands & Associates Client
Talk with a local debt expert who cares and get a debt-free plan that’s right for you.
How Can a Licensed Insolvency Trustee Clear my Debt?
When facing a debt problem many people worry that they don’t have any solutions or support to resolve the situation, or that filing for bankruptcy may be their only option. The truth is that Canadian consumers can safely get professional debt advice from a Licensed Insolvency Trustee for free, and you may have several options to consider to help you manage your debt.
Licensed Insolvency Trustees are uniquely qualified and endorsed to help you assess your situation and explore all the ways you can get out of debt. It is our job to offer you guidance in navigating the financial challenges you are facing, and we can also work with you on a legal debt solution to clear your debt if that’s the best plan for you.
- Most people that Sands & Associates works with choose to consolidate and cut their debt by filing a Consumer Proposal, a special type of debt solution that allows you to combine your debt into one single monthly payment plan, repaying the amount you can afford, with the balance being forgiven by your creditors.
- A Consumer Proposal can successfully cut up to 50-80% of your consolidated debt and covers virtually all types of debt – everything from credit cards to payday loans, Canada Revenue Agency balances to student loans, and more.
- If your situation has left you unable to repay any of your debt, you may decide that personal bankruptcy is the right debt relief option for you.
- A personal bankruptcy may forgive up to 100% of your debt and allow you to complete the entire process in as little as nine months.
Confidentially explore your options with a non-judgmental Licensed Insolvency Trustee.
Will my Credit Rating Recover After Using a Legal Debt Solution?
Yes, your credit rating can not only recover following a legal debt solution, it may even be improved over where you started.
Many people worry that a legal debt solution like a Consumer Proposal or bankruptcy, or an informal solution like a credit counselling repayment plan, will have long-term or even permanent effects to their credit score or prevent them from getting credit in future. Fortunately, this is not true!
- Because your credit history is constantly being updated, your credit rating is constantly changing – and with the right actions it is possible to achieve a positive credit history and score much faster than you might think.
- It is often possible to establish a positive credit rating faster after clearing your debt using a Consumer Proposal than if you had continued trying to pay down your debts on your own, especially if you’re currently not paying much more than minimum monthly payments on balances like a credit card bill.
To assist with your financial planning for your debt-free future, two private, one-on-one financial counselling sessions with a Qualified Insolvency Counsellor are provided as part of a Consumer Proposal (and bankruptcy), and these offer valuable resources that help ensure your continued success following your debt solution. Topics covered include:
- Budgeting, spending, and planning
- Financial goal setting
- Using and managing credit as a tool
- Establishing credit history habits and understanding credit scores and reports
What Should I Expect During my Free Consultation with Sands & Associates?
Founded in 1990, Sands & Associates has helped thousands of British Columbians change their lives and get a financial fresh start free from the overwhelming stress of debt. We know legal debt solutions can appear complex, and we aim to break down these options in a way that is easy to understand. We’re here to help you through the whole process and we believe our focus on client service has helped us become the Licensed Insolvency Trustee firm of choice in BC.
When you first connect with a Licensed Insolvency Trustee or Insolvency Estate Manager at Sands & Associates you can expect to have a free, confidential consultation together that takes around 30 minutes. During this time, we’ll discuss:
- What has brought you to us, and any specific debt issues you want to solve.
- Your financial situation, including debts you have, your income and household arrangements, and assets you have.
- Legal debt solutions and informal debt repayment options, including resources you can access on your own to help you solve your financial challenges.
You can expect to be treated with dignity, respect, and kindness. Our goal is for you to come away feeling less stressed, and with a clear outline of the next step in the debt-free plan you choose.
How Does a Debt Consultation Affect my Credit Rating?
A confidential debt consultation with a Licensed Insolvency Trustee does not affect your credit rating in any way and will not show on your credit history.
You are under no obligation to commit to any process. This meeting is simply an opportunity for you to get advice about your situation and options and get answers to all your questions.
Move forward with your life, without debt. You have options and you’re not alone in solving a debt problem – we’re here to help you.
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