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Testimonials

We had shopped around to understand the process to deal with out debt situation which was going out of hand. I am a teacher and my husband a mechanic.

Stephen & Angelica
(from: Toronto)

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I am single mother with Debts of more that $35,000. I have had the worst 5 months of my life. Not only was I stressed about my debts, I had a big bust up with my Husband which left my Daughter & I homeless.

Barbara Tennessee
(from: Etobicoke)

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Just wanted to say thanks to you and all your colleagues at Clear Debt Solutions for the tremendous help and support you have given me during my Bankruptcy.

Henry Watson
(from: Scarborough)

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Home Section Blog Bankruptcy Who can I trust? what are non-profit organizations? trustee ?

Who can I trust? what are non-profit organizations? trustee ?

Non-Profit Organizations, Debt Management Companies , Bankrutpcy Trustee - Who are they?


You may have seen advertisements on the internet or television or heard their ads on the radio:
The common themes in these ads are that:
·    they’ll negotiate with your creditors and help you settle for less than what you owe
·    they’ll help you avoid bankruptcy


Simple logic is that who ever does not charge you has to get paid by someone -obviously the creditor. They work on % of the money they collect for the creditor. "The more they collect the more they get" 


It’s been said that “there’s no such thing as a free lunch” and this is true of Debt Management Plans. Many consumers enroll in Debt Management Plans because they wish avoid bankruptcy, fearing the impact of a bankruptcy on their credit rating.


They are usually funded or finance by Banks or financial institutions and offer Debt management Programmes. Such repayment plans may reduce the interest and monthly payments paid by the client. You will be required to pay 100 percent of the debt back over a maximum period of 60 months.


Please visit our real client testimony who volunteered to get the message across as we saved her from being a victim to such scams.
In English:     http://www.youtube.com/watch?v=3n56ZyxAfQw&;feature=related
In Spanish:   http://www.youtube.com/watch?v=liB6aPFVB24

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Using a trustee or a credit counsellor?