Are you in debt?
Are you struggling to make your minimum payments?
Is compounding interest making it impossible to pay the debt off?
Would you like to be debt free?
We can help.
How we Help
Overwhelmed by debt? You don’t have to face it alone. Our expert consultants are here to guide you through debt management and find the best solution for your unique situation. Whether it’s consolidating debt or exploring other options, we’re here to help. Take control of your finances and start your journey to a debt-free future with us. Your first step towards financial freedom begins here.
We offer a variety of services to help you find the best path to financial freedom. We help you understand your options, which may include debt consolidation, refinancing, or speaking with a Licensed Insolvency Trustee about a consumer proposal or bankruptcy. Only an LIT can file and administer those proceedings, and you may contact any LIT directly at no cost. Our expert consultants are here to guide you to the program that fits your unique needs, providing support every step of the way. Our goal is to get you out of your financial troubles and help you build the tools to build a future for you and your family.
Our Services
Trustee Relationship:
You are free to choose any Licensed Insolvency Trustee. A directory of all LITs is available from the Office of the Superintendent of Bankruptcy. A Licensed Insolvency Trustee administers a consumer proposal or bankruptcy and acts for the estate as a whole, including you and your creditors. FSDS is not part of that proceeding. Our services, such as financial education and credit rebuilding support, are separate and optional.
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. Our team has years of experience helping clients secure vehicle financing at reasonable rates. 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, so that you’re equipped to navigate the complexities of credit rebuilding with confidence.
No Upfront Fees
Free Consultations
No Obligations
Locations
We serve all of Canada through our virtual offices and have physical locations in Toronto, Edmonton, and Halifax. Our consultants are available nationwide and familiar with your local area, ready to assist you with scheduled personal appointments.
First Step Debt Solutions Inc. is not a Licensed Insolvency Trustee and does not administer proceedings under the Bankruptcy and Insolvency Act. You do not need FSDS to file a consumer proposal or bankruptcy. You may contact any Licensed Insolvency Trustee directly, and an LIT’s initial consultation is free. FSDS charges a fee for its own advisory and aftercare services, disclosed before any agreement.