Licensed Insolvency Trustee

Credit Card Debt? A Licensed Insolvency Trustee Can Help

July 17, 2017

“Sign up for a new credit card today, and receive 20,000 bonus points!”

“Increase your credit limit in the next 30 days, and we’ll waive your fee for the first year!”

“First time credit card applicant? You won’t want to miss this special low interest rate!”

“Starting a small business in Toronto? Sign up today for a business credit card and get cash back on all purchases!”

Do these marketing slogans sound familiar? It can be very challenging to navigate through the barrage of credit card advertisements and the enticing offers that accompany them. With so many options and incentives being offered, you may find yourself with a wallet full of cards that you don’t even need. Even more challenging, is knowing when to use them and ensuring your credit card balance is paid off each month. If you are unable to keep up with your credit card payments, working closely with a Licensed Insolvency Trustee (LIT)!

Do You Own One or More Credit Cards?

If so, you’re not alone. In 2016, the average Canadian owned 2.2 credit cards, and over the past several years, credit card debt has been steadily on the rise. In fact, consumer debt levels are at an all-time high, and the over-abundance of credit cards is partially to blame.

When you are no longer able to make full payments on your credit card balance each month, or are using one credit card to pay off another debt, it may be time to seek help. Reaching out to a Licensed Insolvency Trustee, with experience in helping individuals regain financial control, is a great first step to becoming debt-free.

Why A LIT Is the Best Option

A Licensed Insolvency Trustee can help you understand the risks associated with credit card debt, and the potential solutions to alleviate your financial burden. At Fuller Landau Debt Solutions, our LITs have years of experience and a thorough understanding of consumer credit card debts. We work closely with our clients through a personalized, supportive, and empathetic approach to resolve debt once and for all.

So, what should you do next?

  1. Assess the Situation: Schedule a free consultation with a Licensed Insolvency Trustee at Fuller Landau Debt Solutions. We’ll take the time to assess your unique situation and explore your options, which may include credit counselling, debt consolidation, a Consumer Proposal, or Bankruptcy.
  2. Take Action: Once you fully understand all your options, we’ll recommend a solution to help you become debt-free, while minimizing any disruptions to your life.
  3. Lean on Us: We’ll help you take the next steps so you can get your life back on track. No blame; no judgment. Just sound advice and the support you need to become debt-free.

It’s time to put an end to credit card debt. Contact the team at Fuller Landau Debt Solutions to schedule a free consultation. We’re here to help you get a fresh start and lead a FULLER life.