Debt can be a significant source of stress and anxiety, especially when you feel like you’re drowning in it. It can be tough to admit that you need help, but the reality is that millions of Canadians struggle with debt. In fact, according to a recent survey, 46% of Canadians are within $200 of not being able to pay their bills every month. If you’re one of these Canadians, know that you’re not alone, and there is a way out.
In this article, we’ll provide you with more detailed information about what to expect during your free consultation with David Sklar & Associates, including additional steps you can take to start tackling your debt and taking control of your finances.
Step 1: Admitting You Need Help
Admitting that you need help with your debt can be difficult, but it’s the first step towards taking control of your financial situation. It’s crucial to understand that you’re not alone and that there are people out there who can help you. Many people wait until they’re in a dire financial situation before reaching out for help, but it’s best to address your debt as soon as possible. The longer you wait, the more challenging it can be to get out of debt.
Step 2: Schedule Your Free Consultation with David Sklar & Associates
Once you’ve taken the first step and admitted that you need help, it’s time to schedule your free consultation with David Sklar & Associates. During your consultation, you’ll have the opportunity to discuss your financial situation with a licensed insolvency trustee who will take the time to listen to your concerns and help you explore all of your debt solutions.
One of the most significant advantages of working with David Sklar & Associates is that we offer personalized debt solutions tailored to your specific needs. We understand that every person’s financial situation is unique, and what works for one person may not work for another. Our team has over 20 years of experience helping people get out of debt, and we’ll work with you to find the best debt solution for your situation.
Step 3: Get a Personalized Debt Solution
During your consultation, our team will take the time to understand your unique financial situation and help you explore all of your debt solutions. We offer a range of debt solutions, including consumer proposals, bankruptcy, and credit counseling. Your licensed insolvency trustee will explain the advantages and disadvantages of each option and work with you to determine the best path forward.
For example, a consumer proposal is an agreement between you and your creditors to pay back a portion of your debt over a specific period, usually up to five years. This debt solution can be an effective way to avoid bankruptcy and reduce the amount of debt you owe.
Step 4: Commit to Your Debt Solution
Once you’ve chosen a debt solution, it’s up to you to commit to making the necessary changes to become debt-free. This can be a challenging process, but it’s important to remember that you’re not alone. Our team will be there to support and guide you every step of the way.
Committing to your debt solution may involve making lifestyle changes, such as cutting back on expenses, finding ways to increase your income, and sticking to a strict budget. It may also involve attending credit counseling sessions or completing financial education courses.
Take The First Step Toward Your Finacial Recovery
At David Sklar & Associates, we understand that debt can be overwhelming, but we’re here to help you every step of the way. We offer a free consultation to anyone struggling with debt, and our team of licensed insolvency trustees will work with you to find the best debt solution for your situation.
Remember, the first step towards financial freedom is admitting that you need help. If you’re struggling with debt, don’t wait any longer.