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Debt Consolidation and Debt Help for New Brunswick Residents
Dealing with debt in New Brunswick
Many families in New Brunswick are struggling with debt. Often times a financial crisis can be precipitated by job loss, a failed business, divorce or disability, amongst other reasons.
If you are struggling with debt your first choice may be to see what help is available. Debt consolidation and debt help is available to New Brunswick residents, but it is important to research and understand who you are going to for help.
You may choose to deal with your debt different ways – through:
- a debt consolidation
- borrowing more money
- credit counselling
- consumer proposals
- bankruptcy
- debt settlements
- or a strong financial plan
Some of these choices could make your financial problem worse while other choices could turn your life in a more positive financial direction.
- We are not Bankruptcy Trustees – they represent your creditors.
- We are not like credit counselling agencies – they are largely funded by your Credit Card company’s donations.
- We are not a financial institution – we don’t put our clients in more debt.
Our only agenda is you! We represent YOUR interests.
Our services go well beyond the scope of other debt counselling services. We are Financial Consultants and our team sets the standard for its combination of Credit Counsellors, Insolvency Counsellors, Financial Experts, Legal Professionals and Community Educators in Canada.
DebtCare leverages Federal Government programs to help individuals and businesses struggling with debt. You will not pay one dollar to DebtCare, unless you have been accepted and approved into one of our programs.
Call DebtCare Canada today 1 (888) 890-0888.
Living with Debt in New Brunswick
New Brunswick’s economy is largely service based and dominated by the health-care, educational, retail, finance, and insurance sectors.
In 2010, New Brunswick’s deficit was most recently pegged at $749-million which will raise its debt from $6.7-billion to $8.3-billion in four years. The province’s auditor-general has projected the debt climbing another 33 per cent in the next four years.
Bankruptcy and consumer proposal rates have reduced significantly in the province from 2009-2010, which is a sign that New Brunswick’s people are finding ways to hold their finances intact. With that said, recent changes in bankruptcy laws have made it much harder and more expensive for Canadian families to get debt relief, causing people to look for other financial options, like financial consultants.