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How to help a loved one in debt find the right credit counselor?
Not everyone is born with the financial acumen necessary to stay out of debt. By and large the unrestrained rush for consumer goods (such as the latest vehicles or smart phones) actually makes many of us spend more than we earn. And this habit if left uncurbed is to a...
Credit Counseling: An Overview
Credit counseling, also referred to colloquially as ‘Debt counseling’, is a form of financial counseling that typically helps indebted people handle and deal with their financial issues. It also refers to counseling for people who require financial loans and...
Seven ways to avoid going bankrupt
Going bankrupt is more than just a burden on your shoulders. It takes away your mental and physical health and the stress that it brings along, makes life miserable. At GTA Credit Solutions Services, we don’t like seeing you under those conditions. Therefore, we have...
Things you should know about your credit ratings – GTA Credit
When you go to a creditor in order to get a loan, the first thing they want to know is your credit rating. A credit score is something that summarizes your credit history including your present financial condition. This is basic credit scoring, but there are certain...
Consumer Proposal or Bankruptcy – Are You The Right Candidate?
A number of Canadians are finding themselves under insurmountable debts. Whether it is because of some medical needs, student loans, mortgage loans, credit card loans or any other loans – when these debts get overwhelming and people start spending more than they can...
Five Objectives of Consumer Proposal
Consumer Proposal is the answer to serious debt problems in Canada. It is a legal agreement between the lender and the creditor that offers the creditor a chance to payback an amount that is lesser than their debt. Insolvent individuals, who cannot pay off all their...
Qualifying for Mortgage after Consumer Proposal
A number of people find themselves in a position where they need to get a loan even after they have gone through the consumer proposal. The best part is that you have made it through the consumer proposal, and now you have better control over your finances. Do not...
Steer Clear of These Bankruptcy Myths
The lack of awareness among people regarding bankruptcy and its process creates greater problems for them in the future. It is therefore essential that you know what you are getting yourself into before filing for it. There are also a number of myths attached to...
GTA Credit Solutions Services Ltd. Help you File For Bankruptcy Protection
Declaring bankruptcy will free you from the unsecured debt, and give you a discharge, but it will remain on your credit history for up to 7 years, 1st bankruptcy. However, it does not mean you cannot improve your credit score during this time span. If you live in...