Facing a Debt Situation?

If you find yourself struggling with debt and don’t know how to get out of debt, you’re in the right place. Many people wrongfully assume that when their debt gets out of control they need to file for Bankruptcy. However, there are other ways to manage your debt without resorting to Bankruptcy. Bankruptcy is a serious decision that has many financial implications and should be avoided if possible.

Dealing with money can be stressful, but you don’t have to make hard decisions on your own. A certified Debt Solutions Specialist can take an objective look at your personal financial situation and make recommendations on what you can do to get back on track.

As a Certified Debt Solutions Specialists, we provide Debt Management solutions on bankruptcy, insolvency, bad credit, poor credit, bad debts, consumer proposal help, credit counselling, debt settlement, financial planning, money management, personal budgeting and much more.

If you need help finding the option that will help you reduce your debt payments and get out of debt as quickly as possible, call a certified Debt Solutions Specialist at 1-877-220-3328 or get started online for a free analysis of your financial situation or simply chat with us now. You could be just minutes away from debt relief.

Debt Relief for Canadians

  • Reduce Your Payments By Up To 70%
  • Lower Your Interest Rates
  • Make One Low Monthly Payment for All Your Debt
  • Debt Free in as little as 24 – 48 Months

Most Full Circle Total Debt Solutions clients who complete the Debt Management Program pay off their debt in 3-5 years. We can show you how!

Find Out If You Qualify

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Consumer Proposal

This option is the number one debt relief alternative to bankruptcy in Canada. It’s a formal, legally binding arrangement you make with your creditors to reduce your debts to less than you owe.

Unlike an informal debt settlement, an accepted consumer proposal is legally binding on all unsecured creditors. You also don’t make any payments until your proposal has been filed with the government. Your payment plan is based on your ability to pay, and in many cases, creditors agree to take less than the full amount you owe.

Debt Settlement

This option allows you to negotiate with your creditors to settle your debt for less than you owe. There are two types of debt settlement in Canada: informal, and formal. Formal debt settlement is called consumer proposal.

In the informal version, a debt settlement company typically advises you to stop paying your bills and make payments to them, which go into a debt settlement fund. After a period of time if this fund has grown large enough, the company uses it to try to negotiate lump-sum settlements with your creditors.

Credit Counselling

Credit counselling in Canada can include debt negotiation with your creditors through a debt management plan. Your counsellor contacts your creditors and negotiates an agreement where you repay your debts in full over a period of 3 to 5 years. In return, your creditors agree to stop all collection activity, and in many cases, cancel all future interest.

This type of credit and debt counselling can help you pay off your debt sooner by eliminating penalties, fees, and interest on credit card debt, and consolidating debt payments into one easy monthly payment.


This option is a last resort. If you don’t have sufficient resources to make even partial payments or you can’t reach an agreement with your creditors, your final option is personal bankruptcy. Bankruptcy allows you to eliminate most (if not all) of your unsecured debt.

When declaring bankruptcy Canada law states that a licensed trustee administers the process. You make payments based on your income for up to 21 months, and you may lose some of your assets. When the process is finished, all of your eligible unsecured debt is discharged in full and you can start fresh.

Too Much Debt?….Take Action

Full Circle Total Debt Solutions Can Help You…

  • Consolidate credit bills into one easy monthly payment

  • Pay off your debt faster

  • Lower your interest rates regardless of credit score

  • Stop collection calls

  • Eliminate late fees and over-limit charges

  • Build a realistic budget and financial plan you can follow

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