If you are looking for advice to better manage your debts, need help comparing debt consolidation options, or are seeking debt relief through bankruptcy services, the caring team of debt experts at Sands & Associates is here to help you.
Licensed Insolvency Trustees are the only debt management professionals legally endorsed and empowered by the Federal Government in Canada to provide debt help to Canadians. A Licensed Insolvency Trustee can offer you unparalleled advice about how to deal with your debt and provide several solutions including Consumer Proposals (a specialized type of debt consolidation) and bankruptcy services.
Since 1990 Sands & Associates has assisted thousands of people across BC to get a financial fresh start and become debt-free. We take pride in our supportive, non-judgmental approach to debt help and want British Columbians to feel confident and empowered about meeting their personal and financial goals.
- Sands & Associates’ Penticton Licensed Insolvency Trustees are available 7 days a week, ready to answer your debt questions and support you in getting back on financial track.
- Individuals across BC can be connected with Sands & Associates’ full suite of debt help services over the phone, online video, and in-person meetings at local Sands & Associates offices.
Take 30 minutes to explore your options and choose the debt-free plan that’s right for you – book your free, confidential debt consultation and talk with a caring, non-judgmental debt expert today.
Read Reviews from Sands & Associates Clients
What Debts Can Sands & Associates Help With?
The Licensed Insolvency Trustees and qualified Insolvency Estate Managers at Sands & Associates focus exclusively on helping individuals and small business owners get out of debt, and, unlike debt settlement agencies or credit counsellors, we can help you consolidate and cut virtually all types of debt, including debts including, but not limited to:
- Credit cards
- Overdrafts and lines of credit
- Payday loans
- Income taxes, business GST, payroll
- Student loans (government and private)
- Vehicle financing
- Mortgage shortfalls
Licensed Insolvency Trustees offer confidential debt consultations to discuss your situation free of charge – you are never under any obligation to work with us. We are here to help you learn about all the options and resources available to you to get your debt resolved and move forward with your life.
Learn More About Why a Licensed Insolvency Trustee is Your Best Debt Help Resource
What’s the Difference Between Debt Consolidation Loans and Consumer Proposals?
People looking to simplify their debt payments often explore solutions for debt consolidation, but what many consumers don’t know is that there’s more than one way to consolidate debt.
Debt consolidation loans through a bank or other lender simply combine your debts and interest charges from several borrowers into a single payment:
- Although you may get relief by way of a consistent payment schedule and better interest rate, because you must repay the full amount of your debt – with interest – your monthly payments may still be high.
- Debt consolidation loans can be difficult to qualify for if your credit is already over-extended, or you don’t have a co-signer or asset to allow the bank to hold as security for your loan.
A Consumer Proposal is not a loan – it is a legal debt settlement tool that allows you to consolidate your debts and cut your debt to a reduced amount, so you repay the portion you can afford:
- Your creditors will write-off the remaining portion of your debt, stop charging interest and will not be allowed to ever contact you for payments.
- Instead of paying 100% of your debt plus ongoing interest, with a Consumer Proposal you may only need to repay as little as 20-50% of your total balance, with zero interest or added fees.
Learn More About Consumer Proposals
It’s important to know that only a Licensed Insolvency Trustee can help you file a Consumer Proposal, and no referral is needed to discuss whether a Consumer Proposal could be the right debt solution for you.
Can I Get Help Filing for Personal Bankruptcy?
Bankruptcy can be an opportunity to clear your debt and get a financial fresh start, and it is possible to move on with your life after bankruptcy, including getting new credit in future and achieving other financial goals you may have.
- If you are considering filing personal bankruptcy to get debt relief and forgiveness, the first step is to talk with a Licensed Insolvency Trustee local to your province as you can only access bankruptcy by working with a Licensed Insolvency Trustee.
- You may have options open to you besides bankruptcy, which we will help you explore – and if you decide that personal bankruptcy is the best solution to your situation we will work with you throughout the entire process. You’ll get immediate relief from your debt and any collection actions you may be experiencing.
Bankruptcy is a legal process that is often misunderstood, and many people have concerns about how bankruptcy will impact them. The reality is that in Canada bankruptcy is relatively straightforward and private; most people will only be “in bankruptcy” for nine months from start to finish and will keep all their assets.
10 Facts You Should Know About Personal Bankruptcy
How Does Sands & Associates Approach Debt Help?
We know that money problems can happen to anyone at any time and that debt is a problem like many others in that it has solutions. Many people find themselves struggling to pay off their debts despite their best efforts, intentions, and having taken “all the right steps”.
We understand that people often feel frustrated that they’ve been working so hard to get out of debt, that others are worried about being judged, and that some people are completely overwhelmed by their financial pressures. You are not alone, we are here to help you.
Sands & Associates’ debt help professionals are here for you with support, solutions, and no judgment – it is our goal to understand your situation and work with you to assess your options together. Once you have all the information about your potential solutions you will then be able to move forward and make an informed, confident decision about your future. Knowing is not owing!
Your debt-free future could be closer than you think. Book your free, confidential debt consultation to explore your options and get started with your debt-free plan today.