Debt Relief Programs: Hope and Help To Those Who Are Burdened With Unpaid Debts

Debt relief programs are helping people reduce their credit card debt, consolidate into a single and much more affordable payment and develop a path for getting out of debt. It is becoming increasingly common for individuals and families to find themselves with huge unpaid debt.

According to a recent report by CGA-Canada on household debt, consumption rather than asset accumulation is the main cause of increasing debt. 57 per cent of indebted Canadians find it difficult to manage their living expenses, eventually falling into the debt trap. Despite the temporary relief by a credit card, one-fifth of Canadians find it difficult to deal with an unforeseen expense of $5,000 and one-tenth are unable to handle an unforeseen expenditure of $500. Furthermore, increasing debt is associated with a decrease in income or wealth and not with an increase in wealth.

For such indebted Canadians, a debt consolidation program can be a welcome solution to the growing problem. Numerous people are benefiting today by means of debt relief program. DebtManagers is a credit counseling company that is helping Canadians avoid bankruptcy and successfully repay their debts easier and quicker than trying to do it on their own.

DebtManagers negotiates interest relief on your behalf and acts as a buffer between you and your creditors.

Consolidating debt is an excellent alternative to bankruptcy and is the perfect solution if you have more than one debt such as over drafts, pay day loans, lines of credit, utility bills, credit card bills etc. Consolidating debts involves combining all current debts into one lower payment. This alternative is especially beneficial if you are presently trapped with high interest rates.

DebtManagers provides a personalized debt relief and debt consolidation program that will put you back on the path to financial freedom. With DebtManagers, your debt will be paid off quickly.