Video
Watch our video on debt solutions and trusted advice to learn how a Licensed Insolvency Trustee can help you navigate financial distress and avoid unregulated debt advisors.
Video transcript
Are you worried about debt?
Financial distress can be draining. But the good news is, there are simple steps you can take to get advice and solutions that you can trust.
Start by getting in touch with a Licensed Insolvency Trustee and ask for a free consultation.
LIT s are available across Canada, and they’ll give you the unbiased, independent advice you need by assessing your situation and discussing every possible solution.
LIT s are the only professionals authorized to administer government-regulated insolvency options to help with serious financial trouble.
Watch out for unregulated debt advisors. They may offer quick, unrealistic promises to solve your debt or fix your credit score. They can also use high-pressure sales tactics or charge fees for services they aren’t licensed to provide or that you may not need.
So, stay informed by only using reliable sources of information, ask questions and consider getting a second opinion.
For reliable tools and information about financial difficulties, visit the Debt Solutions Portal at canada.ca/debt-solutions.
Audio clip
Listen to our audio clip on managing debt and finding reliable solutions. Licensed Insolvency Trustees provide expert advice and help you navigate through your options.
Audio transcript
As prices for everyday goods like groceries keep climbing, and interest rates keep rising, many of us are dealing with more and more debt.
While managing debt can be challenging, there are ways to help you get your debt under control.
Support from an expert can be a sound way to explore your options. Just remember to ask questions and shop around to avoid unnecessary fees. Some unlicensed, unregulated debt advisors claim they can help with insolvency options and charge hundreds or even thousands of dollars for services they aren’t licensed to provide.
When it comes to independent, unbiased advice about debt options, there are Licensed Insolvency Trustees. They are required to assess your financial and personal situation and to discuss all options available to resolve your debt.
No matter which option works for you, it’s better to deal with it sooner than later.
Find more information about your options at canada.ca/debt-solutions.
Protect yourself by consulting reliable sources for information, asking questions and seeking a second opinion. You can also find dependable advice and options to deal with your debt at canada.ca/debt-solutions.