The five options available to you.
We will do our very best to find the best option for you and your financial situation. Each option has its pros and cons. It is important you understand the process and requirements based on the option you choose.
If you are struggling to determine which option is best for your financial situation, we are here to talk. We can guide you towards the appropriate solution so you can get back in the black.
Consumer Proposals
Consumer proposals help settle the unsecured debt through a legal process, so you can start fresh. Putting yourself back in the black.
Orderly Payment of Debts
Orderly Payment of Debts (OPD) works best for people who can still afford to pay their debts in full but have trouble managing finances due to other issues such as high-interest rates or short-term payment requirements.
Consolidation Loans
Servicing multiple payments can be hard to manage, but a consolidation loan — combining all your debt into one loan with one payment — can help you streamline your budget.
Informal Settlements
There are two ways to informally settle debts: by personally contacting creditors and offering a settlement, or hiring a credit or debt counselling company to settle the debts for you.
Bankruptcy
While the goal at Frederick & Company is to help avoid bankruptcy, there are times when it is the most appropriate for a given financial situation. Bankruptcy is a legal process that helps you get out from underneath the burden of your debt while providing you with relief from collection calls.
Do you know which option you want to take?
No sell and no pitch, just real help. Let’s talk about your situation and decide if the option you want to pursue is the best option for you and your financial situation.