Debt helpers why Canadians? Do not trust it Consultants.
traduction
Read or heard about a recent survey.
headlines
The survey provided some interesting views, but did not shed any light on why Canadians do not trust and helpers.
I regularly speak with people who attend my office for a free initial consultation to try to sell their personal or
company debt problems.
From those experiences. I have compiled a list of the 10 most common reasons. I believe why almost half of those surveyed
do not trust it professionals.
Number one. What is a debt professional?
confusion exists in the marketplace as to what you mean when you say the phrase dead professional
Depending on who is doing the talking and the listening you can mean.
proper credit counseling agency
a for-profit that settlement company
counselor qualifications and just acts as an agent for bad credit personal loan companies or worst
Formerly known as a bankruptcy trustee trustee.
my trusty
Fortunately, the survey does not define what the term did professional really means number two. I don't have a debt
problem because I'm making all my payments.
People call their minimum payments then they are making all of their payments.
So if the person says they're making all payments, they can't have a problem.
Therefore they don't trust anyone who tells them that they do.
However, especially with credit cards there is a difference between making all the monthly minimum payments and paying the
entire that off every month.
What they don't recognize is that all they are doing is paying a credit card company interest and never actually paying
down debt.
Eventually, it will catch up with them when they have no more credit.
Number 3 you will ruin my credit score.
People with debt problems always tell me that they have a great credit score and either a consumer proposal or bankruptcy
will ruin that.
So with the belief that if they see a debt professional all that person will do is ruin. Their credit score distrust is
born.
Even people who have recently been turned down for debt consolidation loans tell me that what I tell them is that it is
true get their bankruptcy discharge.
However, I also point out that in return they will have their debt problems fixed.
By fixing their debt problem. They will no longer suffer from Pain stress anxiety depression and sleepless nights.
Some people choose to take responsibility fix their debt problems and rehabilitate themselves.
others choose discomfort Stress and Anxiety and sleep deprivation
Number for talking won't do any good.
What I need is alone.
Many people feel the talk is cheap.
What they really need is money.
The Gambler with a gambling addiction
In the same way that one more personal loan will solve problems.
A bit more cash which will never be enough to repay. All of their debt increasing debt is not a good strategy.
Extra bit of cash Mayfield good in the short-term, but eventually all it really is is more.
What these people don't realize is that by talking to a trustee when they find the right one for them a relationship
begins?
The functioning partnership you create with her trusty as a connection.
As you create that connection long-term modifications in your financial behavior start to happen to produce good long-term
results.
Number 5 it would be weird speaking about such a personal thing with a stranger.
Experienced this may be an initial feeling but does not in fact happen.
The majority of Trustees are confident of making you really feel comfy rapidly.
impersonal nor judgemental
As I mentioned above once you find the right trustee for you a relationship begins.
I have found that many of the people that I have helped consider me a resource to call upon even long after our
professional relationship ends.
Number six I would rather speak to a friend or family member.
I have heard this many times.
This is really an excuse for not dealing with their debt problems.
It is not a reason why people don't trust it professionals.
a recent repo title the awkward silence
the least favorite topics they like to talk about our
personal debt or bankruptcy - 34%
assets liabilities and net worth - 22%
income minus 16%
How they spend their money minus 12%
savings and Investments - 11%
Are mortgage - 5%
Atopic is Mount Pleasant.
Speaking with a dead professional is an admission that you have a problem with that.
However, it is also the first positive step to take to solve your debt problems.
Number seven dead professionals do not truly respect you they do it for the cash.
There are unscrupulous people in the world who advertise themselves to be dead Consultants.
I cannot speak for them. But I do know myself and many of my trustee colleagues across Canada.
The trustee and staff to earn money from helping people with their debt.
Just like you were in money from your job or career.
However, there is a common Bond amongst all trustees in Canada.
Commonbond y'all enjoyed helping people.
Play Joy senior success from their assistance.
If they did not they would be doing something else.
Number 8 everyone will know if I go to see a dead professional.
This is a common feeling.
Again, I can only speak about trustees.
Though there is not the same confidentiality with a trustee as there is with a lawyer at Rusty does not blab.
As big a country is Canada a city where I practice is the trustee Community is small.
If a trustee broke confidences would get around quickly in the trust. He would not get any referrals.
Keep in mind that the word trust is found in trustee people trust us with some of their deepest problems and we helped
solve them.
I don't talk to others about your issues.
It is true that the office of the superintendent of bankruptcy.
This is a public database that anyone can search for $8.
Also, the two Canadian credit reporting agencies Equifax, Canada and Transunion Canada purchase the information for their
own databases.
I have never had anyone tell me that there brother-in-law search the government database and found out about their
insolvency filing.
So at the end of the day, the only people who will know that you filed on yourself your trustee your spouse and anyone
that you have told.
The professional fee is too expensive.
That depends on where you go to see.
If you go to a community credit counseling agency, it is probably no charge.
If you go to a debt settlement company scammer that everyone said is too expensive because they do not do anything useful
for you.
If you go to see a trustee the entire process may end up being free. Let me explain.
Initial consultation with any trust. He will be free.
You should get that confirmed up front when you make the appointment.
A situation where you have no assets and no income a consumer proposal filing for bankruptcy Administration will probably
end up not costing you any money specifically for professional fees.
Here is why?
The trustee will advise you what will happen to you. And what's her responsibilities are in a bankruptcy or consumer
proposal.
Can a bankruptcy other than for exempt assets you have to turn over your assets to the trustee?
If you were an income, you may also have a surplus income obligation to pay.
Trustee under the statute will be entitled to a fee for services out of those perceived.
So you will pay nothing for the trustees approved fee.
Consumer proposal the trust. He has to First do the bankruptcy calculation.
Under the bankruptcy and insolvency act RSC 1985 cb300r a consumer proposal must produce a better result for your
creditors than your bankruptcy the trust. He will discuss with you his or her best estimate of how much you need to offer
to your creditors and your consumer proposal in order to be successful.
That calculation has nothing to do with the fee. The trustee is entitled to under the beer.
The statute says that the trustee is entitled to a statutory fee from the consumer proposal fund.
So in this way the trustees fee for a bankruptcy or consumer proposal Administration cost you nothing.
Number 10. I don't have time.
I believe this also is more of an excuse not a real reason for not trusting a debt professional.
It is uncomfortable to face your problems head-on.
It is more comfortable to ignore them.
I trust he will provide a one-hour consultation for free.
Midnight Hour, you will get better insight to your daddy shoes on the realistic options available to you to fix them.
I always have people tell me at the end of the free consultation that I've helped them feel much better than they did when
they first walked in.
So think of all the things that you do in a day or a week and I am sure that you can find one hour to help yourself.
If you have a job that makes it impossible to see a trustee during normal business hours. I trust he will accommodate you.
How many early morning or evening appointments?
debt helpers summary
I hope this debt helpers Brandon's blog helps you.
As previously stated there is a good reason not to trust certain debt helpers.
You don't need to feel that way about seeing a trustee.
Are you on the verge of bankruptcy?
Do not let any misconceptions about being able to trust a trustee stop you from understanding how you can restructure your
financial affairs and avoid bankruptcy.
You do not need to be one more person or company declaring bankruptcy in Canada.
Is licensed insolvency trustee formerly called a bankruptcy trustee. We are the only specialist certified accredited and
overseen by the federal government to provide insolvency God and sent to apply remedies under the bed.
We will certainly help you to choose what is best for you to release you from your debt problems.