Debt Pooling

Debt Pooilng Program

The following information is a brief description of our debt pooilng program
and is by no means complete. It is intended as an overview only.
We hope that you find the information useful.

The debt pooling program is the only program that is not part of the Bankruptcy and Insolvency Act. This is an informal arrangement with your creditors, that often has more flexibility than any of the other programs. This program works best for someone whose credit rating does not allow for a consolidation loan, but would be able to make the payments on such a loan.

Some of the advantages are as follows:

This program does not go to court and does not require a court order.

Most creditors will voluntarily drop interest rates to 0% - 7%.

There is no penalty for paying the program early.

Allows you to make settlement arrangements with your creditors.

All fees are built into your monthly payment.

All of your other options are still open to you should your situation change.

There is no penalty for defaulting on this program.

An R7 credit rating for three years past the date of completion of the program.

Creditors receive 100% of their money back.

This program works best if the creditors can be paid in 36 months or less and has the flexibility to be paid out faster if funds become available to you. This program offers the highest rate of return to your creditors because you are paying all of the program costs.