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★★★★★
Kind and Helpful
We highly recommend Jason and his team. It's very stressful and embarrassing to be in financial trouble. Jason explained our options and helped us get on the road to financial stability. We were very comfortable with each interaction with every one of the staff and never felt as though we were being judged or looked down upon, they were always kind and helpful.
Angela L.
Take Control and Hit the Z-Key. F. J. Zielski & Associates Is Your Trusted Friend at Undoing Debt.
Manage Your Debt with Credit Counselling in Southern Ontario
Credit counselling is a service that helps you understand the current state of your finances and how to handle your debts and make better financial decisions more successfully. It includes guidance from a counselor who enables you to manage money, understand consumer credit, create debt management plans, and develop debt repayment strategies.
Paying your bills can be a struggle, especially with high monthly payments to your creditors. F. J. Zielski & Associates Inc offers credit counselling in Southern Ontario to help you manage your finances. When you come to us for credit counselling, we’ll give you the tools you need to pay off your debt. We can also discuss long-term plans to keep you out of debt permanently.
Our credit counselling comes to you from licensed insolvency trustees who will thoroughly examine your finances. Once your income and expenses have been evaluated, we’ll devise a plan to get you out of debt, which may include negotiating with your creditors to form a debt management plan that will lower your monthly payments.
Take a look at our consumer protocol service.
Counselling Modules: Insolvency Counselling Program
Benefits of Credit Counselling
Working with a licensed insolvency trustee to manage your debt is always a good idea. Credit counselling in Southern Ontario is especially beneficial because it gives you the tools to control your debt. Talking to our team gives you a clear and unbiased view of your financial situation. This can provide a new perspective on your situation, giving you the tenacity to take action to reach your goals.
No matter how dire your situation is, we can formulate a plan to get you out of debt, whether that means a debt management plan, a consumer proposal or debt consolidation. Executing the plan we choose is up to you, meaning you must apply yourself and follow through.
Debt Management Plans
Managing debt can be a tedious task when it comes to doing it yourself. Here are some steps you can keep in mind while understanding your debts:
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Trace your debts: If you have debts, start by noting all of them down with all details, including due date, interest rate, minimum payment, etc. Using an excel sheet or spreadsheet can make this work easy and effective.
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Make a budget: Creating a budget could help you understand your income and expenses. By allotting a budget to all your activities, you will know the amount you can use for debt repayments.
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Pay more: Instead of paying only the minimum amount, try adding more. This will help you pay the debt faster and decrease overall interest.
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Reduce spending: Instead of spending money on unnecessary things, focus on saving it to pay your debts. This will reduce your pressure and allow you to repay your debt faster.
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Take help, if needed: If you cannot plan and manage your debts, you can choose credit counselling. They will guide you on how you can manage your debts effectively.
If you feel you can’t pay your creditors in total and only reduce your payment, you may wish to speak to our licensed insolvency trustees about devising a debt management plan. We can help you create a debt management plan to extend the payment period under which you will pay your creditors. It is a voluntary plan, which means your creditors have the choice of whether to accept it.
This contrasts with a consumer proposal, which is legally binding on all creditors once the required majority accepts the proposal. The benefit of filing a consumer proposal in Southern Ontario is that all creditors will take part, not only those who accept the debt management plan. In these situations, a consumer proposal is the superior choice.
Usually, your creditors will waive the continuation of interest under a debt management plan; however, if a garnishment has begun or any other legal action has commenced, it is unlikely that the creditors will accept the plan to extend your payments.
Contact Us for Credit Counselling
Download the following forms to provide information to your F. J. Zielski & Associates Inc advisor. The information collected will help your advisor assess your situation and steer you toward an optimal solution. Please complete the form as best you can and bring it to your free consultation. Schedule an appointment with one of our professionals in Ontario.
