Trustee Relationship:

First Step Debt Solutions(FSDS) has a network of Licensed Insolvency Trustees (LIT), Mortgage Brokers, Vehicle Financers that we have vetted to ensure that you will receive good service and be treated kindly and respectfully. Everyone plays different roles; the LIT administers the proposal and handles all the regulatory aspects, your FSDS advocate solely looks after your interests and is responsible for providing a personalized financial rehabilitation and credit rebuilding plan. Everyone is working together to achieve the ultimate goal – getting you the fresh start you deserve.

Consumer proposal:

A consumer proposal is a legally binding agreement to consolidate and repay a portion of your debt over up to five years, negotiated by an LIT. It allows you to keep your assets, stop interest, and protect you from creditor legal actions, offering a manageable alternative to bankruptcy.

Bankruptcy:

Bankruptcy is a legal process that helps individuals eliminate most debts or create a repayment plan based on their financial situation. Administered by an LIT, it provides relief from creditor actions and allows for a fresh financial start, though it significantly impacts your credit score and remains on your credit report for several years.

Home refinancing:

Home refinancing involves replacing your existing mortgage with a new one, often to secure a lower interest rate, reduce monthly payments, or access equity. This process can help improve your financial situation by lowering your overall debt costs or providing funds for other needs.

Vehicle financing:

Finding the right financing can be challenging. For over 10 years, our network across Canada has been helping clients secure vehicles at reasonable interest rates for their families. Let us assist you in navigating your financing options and finding the best solution for your needs without having to step inside a dealership.

Client Care:

Upon successfully eliminating your debts, our personalized client care plan steps in to help restore your credit health.

In Canada, understanding the importance of credit in wealth accumulation is key. However, many are unaware of the time and effort required to repair damaged credit without the right guidance and resources.

Our client care programs are crafted to provide you with the necessary knowledge and tools to rebuild your credit steadily. We’ll work closely with you to develop a clear path towards achieving a strong credit score, ensuring that you’re equipped to navigate the complexities of credit rebuilding with confidence.