Other Alternatives

Credit counselling is not just for those in dire financial straights.  It can also be beneficial as a financial check up for people who are concerned about managing their day to day cash flow.  Having a financial review can be an effective strategy for those who feel they are beginning to fall behind with their monthly bills.  D. Thode & Associates are your Kamloops credit counsellors and have been serving the needs of our great community for more than 20 years. Our knowledgeable team is approachable and friendly, and has the experience to get you back on track in no time.

Come talk to a member of our team about how you can improve your financial well being. We can help you with debt solutions to improve your cash flow, manage your credit card debt and help you find room for savings and future planning.  We work with our clients to build skills and confidence that will last a lifetime.

  • Managing current financial constraints
  • Understanding serviceable debt amounts
  • Establishing realistic budgets
  • Promoting long term savings
  • Building towards future financial goals

Voluntary Creditor Negotiations

If you need debt help for more challenging financial concerns, such as an inability to realistically repay your outstanding loans, we may be able to offer other solutions that can avoid legally binding consumer proposals or bankruptcy.

Lenders are often more than happy to discuss payment solutions that will result in a mutually beneficial outcome.  You will still be responsible for paying the entire amount of your loan, but we may be able to arrange for smaller payments over a longer period of time, reduced interest payments or balloon payments that would coincide with a commission based pay structure.  Of course, these arrangements are only good for as long as they are being serviced effectively. It is important to practice diligent repayment habits with each of your Lenders, as failing to comply with your agreement could result in their taking legal action against you, or at minimum, rescinding their offer to work with you outside of the regular terms of your loan.

Another solution that doesn’t require legally binding agreements is debt consolidation through your financial institution. If you find that your bills are adding up and you are paying high interest on your loans and credit cards, financial institutions are often willing to provide clients with a single, lower interest loan to combine all of your outstanding bills into one payment. Again, repayment of this loan is key to re-establishing your good credit and keeping your existing loan in good standing.

Although more aggressive financial restructuring is sometimes the right answer, it isn’t always the case. Our team of professional credit counsellors will help you to develop a strategy that works for you. We will hear your concerns, listen to your goals and take you through all of the options available to you. Financial freedom is possible.  Let us get you there.

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