Debt Relief

When it comes to debt relief, we understand that most people want to pay their debts if they can. However, life can throw unexpected events such as job loss, divorce, illness, or injury that can severely impact your finances. In such situations, it’s essential to seek professional help to regain control of your finances.

At Lotus Loans and Mortgages, we strive to empower you with the knowledge and tools to get back on track financially. Whether it’s through debt restructuring, an informal proposal, or a consumer proposal, our professional agents will guide you through all your options to find the best solution for your unique situation.

One of the most common debt relief options we recommend is a consumer proposal, which can prevent bankruptcy for some people. Unlike bankruptcy, a consumer proposal allows you to keep your assets and pay back your debts over a specified period, usually up to five years.

Additionally, we offer debt restructuring, which involves negotiating with your creditors to restructure your debt repayment plan. This can help you avoid bankruptcy and make it easier to pay off your debts over time.

We partner with trusted credit counsellors who work solely to reduce the number of bankruptcies being filed each year. This means that they offer free services to the public, so you don’t have to worry about paying for their help.

If you’re facing financial setbacks, we encourage you not to call a trustee right away. Instead, consider reaching out to us to explore your options. We may be able to put a new mortgage together for you to pay off your debts, improving your credit and relieving financial stress almost overnight.

If you don’t have sufficient equity to do so, our trusted partners can help you find the best debt relief solution for your situation. Unlike trustees who represent the interests of the creditors first, our partners represent you only. This means that they work to find the best solution for your unique needs, helping you achieve financial freedom.

When it comes to debt relief, it’s crucial to seek professional help to explore all your options. We are dedicated to helping you regain control of your finances, whether through a consumer proposal, debt restructuring, or other alternatives to bankruptcy. So if you’re struggling with debt, don’t hesitate to reach out to our team today.