What Does It Really Take to Live Debt Free?

If debt is weighing you down, if creditors are calling you constantly, or if your wages are being garnished, then you know that it’s time to take serious action against your debt.

For those who live under the shadow of debt and have lived with debt for a long time, the promise of a debt-free future seems too good to be true. But what’s really the truth?

The truth is that debt-free living is possible and achievable with the right amount of guidance, planning, and commitment.

Where can you start with getting this guidance? You can contact your local David Sklar & Associates office where an empathetic and knowledgeable trustee can evaluate your situation and give you a professional opinion on how to proceed. Living debt free is possible, especially with the right amount of support.

A Little Help

Say you have a fitness goal you want to work towards. Your goal is to complete a triathlon, which you’ve never done before, by the end of the year. How would you go about planning your steps to accomplish this goal? Would you just start exercising with no changes to your diet? Would you train only once in a while, whenever you felt like it?

Like any motivated person, you would probably seek out some resources or help. You’d get a professional opinion on what changes you need to make to your diet and how you can develop a training schedule. You’d book check-in meetings with a trainer to keep yourself accountable.

When your goal is to get out of debt, why wouldn’t you take a similarly proactive approach and get outside help? Living with debt is so common now that you really do not ever have to feel like you are alone. If you want to plan for debt recovery but don’t know how to come up with a plan, then credit counselling could be just the thing you need.

Team Up with the Pros

As Licensed Insolvency Trustees (formerly known as bankruptcy trustees), we can help you live debt free through careful counselling and strategic planning. We invite you to learn about our debt management services, consumer proposals, bankruptcy, and the pros and cons of each so you can start to envision a solution to your debt situation.

If part of getting on track towards a debt-free life involves filing a consumer proposal or filing bankruptcy, you should note that only a bankruptcy trustee can file for those processes. As such, they’re highly equipped to give you the direction you need for living debt free.

living debt free

Come Up with a Plan

This step towards a debt-free life is one that cannot be missed. Whether you’re still unsure about bankruptcy versus consumer proposal to tackle your debt, it’s the process of deciding and committing to action that matters the most.

Once you have a plan of action to negotiate with your creditors, it’s time to come up with a budget for how you will make your payments and how you will continue to cover living expenses. To live without debt one day, you have to commit to the process of getting there, the hard work, and the realistic living that it takes to get there.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt and live in the Toronto area, call us at 416-498-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Ready to live debt free?

Very professional service. Before contacting David Sklar & Associates i contacted bunch of other firms they seemed fishy. After I spoke with Jason Sklar at Hamilton Office I discovered professionalism with hope. I was explained every step of my situation with solution professionally. Thank you David Sklar & Associates.
Wajay Awan
07:29 12 Oct 21
I met David a few months ago and i am glad I did. He has helped me all the way through my bankruptcy with good advice and explained every step of the process. David is a very down to earth and very professional. Anytime I've had a question I was able to reach out to David by phone or email and he always got back to me. If your struggling with your bills and need a way to get help, I strongly recommend David Sklar &Associates to help you. My experience with them on 1-5scale would be a 5;; My life is so much better now, thanks to David Sklar.
Bruce Locke
16:13 08 Oct 21
I have had the privilege of being supported by Jackie S, at David Sklar n Associate.She was helpful, professional and friendly. I was able to get the help I needed at a difficult time in my life. I would recommend anyone who needs support with working out their debts to ask for Jackie, she will be waiting to assist however she can to help you through your debts. She works with a team who is always ready and responsive.Thank you Jackie and your team:)
Denise Simpson
15:17 09 Sep 21
My experience with Ashley Carter at David Sklar and Associates was very pleasant and professional. The process was made easy by Ashley with her help in answering my questions and concerns.
Alex Lamparter
13:07 03 Sep 21
Ashley she was extremely helpful,super friendly and understanding my situation. I am very please for the service I received and I will recommend this Company to anyone in need of consolidating. Thanks so so much.
Nicole Minister
17:43 02 Sep 21
I finally pulled the trigger and seek help from this team. I tried to pay my debt in the way it should be until the pandemic made it even worst and couldn't keep up with my payments anymore. Jackie is an amazing person, I told her the problem, she gave me the solution and gave me a variety of options and walked me through the process. That simple. Thank you so much.
rr 28
12:44 21 Aug 21
Dealing with Jackie made the process so much more comfortable. From my first phone call with her I never felt like I was being looked down on. Jackie made this as easy as being in this situation could be.
Vi Smith
18:09 13 Aug 21
I have to say, I never thought that such process could have been so quick and easy. But then again I guess that's what happens when you deal with professionals. I dealt personally with Rodha Lewis, who was very attentive to my personal issue and very professional on her work. She's someone who will actually take her take and talk to you about the process and help you as much as she can. I am very grateful to her and very appreciative of her work. I couldn't have dealt with someone better. Thank you very much Rodha for your work.
fidel Cruz
14:35 24 Jun 21
I just completed my proposal and I am thrilled. Rhoda was delightful to work with. She helped me end the phone calls and start rebuilding my life. I highly recommend the services here and will always recommend to anyone who asks. Definitely seek out their services if you are in need of some help.
Maria Curbelo
13:43 23 Jun 21
Very professional and fast service! Also, personable!.. they don't treat you like a number, but like a person.From the time I first contacted them, until I was set up there has been not more than 7 days.I dealt with Jackie, she was great!
Jelena Petrovic
18:06 20 Jun 21