How to avoid the "B" word, Bankruptcy in 3 easy ways!

HOW TO AVOID BANKRUPTCY in 3 easy ways!

Missing payments and don't know how to pay the next one?

I listened to the 650 AM radio show with guests, Sands & Associates, last night. Great show! What we help clients do is to make it as easy as we can and make a plan that works for them.

There is a limit to how many times someone can go into bankruptcy in their lifetime! Did you know that?

3 x's and then not sure what your plan would be. 

But, why are you going into this problem again, did you not learn the first time?

Trying to pay back by paying one card with the other? It's time to do something!

That new business didn't work out? Now you are stuck with the business debt. Get some assistance in clearing this up.

1. Either get another job, or a part-time income source that will allow to make those extra payments to decrease the debt. Pay off consistently and larger lump sums. Take one at a time to pay off one payment with the largest lump sums and then work on the other credit cards. Until you are back down to only having 2 credit cards only with ZERO balance! Yahoo!

So, many of our clients only have to go to step 2:

     

     2. Compile your list of debt and consolidate into one easy payment either incorporated into your mortgage or a separate loan. See a good Mortgage broker to get help with this. Links below.

Can't make that work?

3.  Go to your lawyer or a Trustee for assistance such as Sands & Associates, many various locations, to get help with a Consumer Proposal. Don't have a lawyer, we can help you with finding one across Canada and in the United States.

What is a Consumer Proposal?

A consumer proposal will allow you to settle your debts for a percentage less than you owe by making an agreement with your creditors. They had mentioned about 30% of the debt to make arrangements to pay back monthly over a 2 year,3 year, 4 year, or 5 year term maximum. Don't miss 3 or more payments with this agreement because it voids your agreement for the repayment. The Consumer proposal will only affect your credit report by an average of 9 months to 1 year with consecutive payments.
A bankruptcy #1 will affect your credit report by 1 yr to 2 years. They will say it's no concern from your history after the 5 year mark.

Let's make it easy! Let's have less stress. 

Tired of the Creditors calling you? Get yourself a Lawyer in your pocket that will look after that for you!

In BC: ask for Kristina at: http://www.askthemortgagediva.ca/

Dreyer Group Mortgage Team, www.dreyergroup.ca

Get yourself a lawyer: 

www.tinaolexa.legalshieldassociate.com

www.yourbackupplan.ca

tina@yourbackupplan.ca

Insure you Income when we can't pay the bills!

DAY 21 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Feb 21-2013

How do you INSURE YOUR INCOME? Simple it's our biggest asset we have is our ability to have income. When we don't have the ability any longer can we afford to pay the bills? So why aren't we insuring it?

You can get insurance incase of an injury to your body, or a sickness and get all of your premiums back! That's the best kind of insurance don't you think? A female age 30 could pay a premium for 15 years for $25,000 coverage would be just under $20/mth with a return of your premiums of $3,500!  That's not even a question!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!
Check with us at: support@yourbackupplan.ca for pricing for you.

http://www.yourbackupplan.ca/news-blogs

Do you dread the Cancer Word?

DAY 8 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

THE CANCER WORD

Feb 8-2013

What happens if you were to hear the dreaded cancer word? What can we do in our lives to be better prepared for our loss of income, our family emotional stress, and our life changes? Check it out.

It has a huge impact not just financially on the family but the complete picture of jobs, career, happiness, physical abilities, and children come into play.

What can help the situation is to be putting some protection into place so that you can afford to some different things when you have to. Purchase expensive pills, or insulin. Purchase expensive treatments, move to a certain city where they have a treatment that will help you and so on.  The kids of protection that are available to us now, are fantastic! You can have protection with some coverage to ensure that you will have some money to look after loss of income, mortgage or bill payments, and take that stress out of the picture. You can pay into the coverage and then ask to have all your premiums back if you don't use it!  So, why not, does that cost anything? Some years packing away the premiums to ensure you have a sense of certainty. That's priceless!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Who's going to pay your bills when you can't?

60 DAY CHALLENGE DAY 5 ~TIP OF THE DAY - 

WHAT ARE YOUR BILLS?

Feb 5 - 2013

Our Bills to pay each and every month. How do we keep track of them now? Now, if we were taken out of the picture for a few months, ............... how would we set up our bills for someone else to look after? 

Would it be different than what you are doing now?

With our system you can alter the way you pay bills so that anyone can take over where you left off. There are passwords, whether you pay online or at the bank, or by phone. Get your system in place it's important that you can keep it private but know that it's there in case you needed it!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!