Credit Counselling Services

Should You Consider Credit Counselling Services?

Hardly anyone applies for credit thinking they’ll ever get behind in payments. Just like no one goes into business anticipating that one day they’ll go bankrupt.

People, situations and circumstances come into your life that may give you an unintended result. It happens! We get it!

I encourage you to read Jane’s story.

Jane (an alias to protect her identity) runs a bridal boutique in Southern Ontario.  And as you can imagine, brides come into her store several months before their wedding day to carefully select the perfect dress for the big day.

In order to move forward with the fitting phase, brides had to purchase their wedding dresses. Jane would then send the dress to a couturier to tailor the dress to perfection.

But even though Jane had accepted the funds for the dresses, Jane was having cash flow issues. This was not unusual in her business. Her business was seasonal, a feast or famine kind of business. If history did its part, cash flow would pick up in the spring, and she’d be able to catch up.

Jane is a very private person and didn’t tell a soul about her cash flow issues.  She continued to operate planning for a good season to balance her books.

But when spring came and sales didn’t pick up like a normal year, she had a problem paying her suppliers.  Her season was being crushed by unforeseen circumstances.

To make matters worse, a new chain of bridal stores moved in close by cutting her seasonal earnings by half. These bigger retailers had put huge cash into buying Google Ads and local billboards. The foot traffic to her store came to a halt. Her small boutique was getting crushed under the weight of competition.

Jane may have had options earlier on, but she didn’t seek credit counselling services until it was too late. Things quickly went from salvageable to ugly.

By the time she came through our door, it was obvious that bankruptcy was her only choice. This left a lot of brides-to-be, desperately scrambling to find new gowns.  What was sadder, is the small town shamed and shunned her. The local media had a field day exposing the “drama” the bankruptcy caused, and she even received death threats. It was tragic for the brides and for Jane.

Sure, credit counselling services may not help everyone, but it’s certainly better than waiting it out until it’s too late.

Then there’s Rob (name also changed).

Rob’s a welder by trade. He had always been a really great provider for his family. But when he got injured things took an unexpected turn.

What he did not expect was that the insurance would stall on making good on his claim. A legal battle ensued and his claim wouldn’t settle for 5 more years.

By year 2, his savings had been depleted and he had nothing left to stay afloat.  With no work income and his savings being distributed to law firms for litigation, he found himself having to sell his house, his camper, his fishing boat and everything he owned just to survive.

When Rob came in for credit counselling services, we understood that he had to keep going, just long enough for the legal system to force a settlement on the insurance company.  Once that settlement came in, he’d get his life back. But what’s he supposed to do till then?

These are never easy times for our clients. 

These are good people that often can’t foresee such circumstances that can devastate their earning potential and their lives.  In each case, credit counselling services,  before it’s too late, is the better option.  We strongly advise you to seek professional advice while you may still have options.

What can you expect from our credit counselling services?

Step 1. Book an appointment to speak with a professional over the phone. We’ll make a quick assessment of your situation and provide some options. Typically, if we know we can help, we’ll suggest coming into one of our offices for a meeting.

Step 2. We’ll review in detail your personal and business financial position.

Step 3. Our experience will dictate the opportunities to move you into a positive situation.

Step 4. We present you with options.

Step 5. We help you choose a plan and get you started.

If all you need is a credit counselling services and a Debt Management Program, we’ll get you started. Consumer proposal is often the best choice, and we’ll help you through that.  If bankruptcy is the only option, we’ll advise you on that too.

In many cases, Bankruptcy is actually a huge relief so you too can start thinking of your NEW life.  There is no point hanging on to the old negative energy. There is no point staying in the frozen state of inaction.

This is what we do best. We’re not here to judge how you got into this situation, we are here to give you a definitive roadmap to financial well-being. We look forward to having a conversation when you need it.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp

Related Posts

Debt Settlement Toronto

Debt Settlement Toronto People looking for debt settlement in Toronto need to seriously consider getting some qualified advice.  This article will hopefully provide you with

Read More »

It’s Not Always Easy to Reach Out For Financial Help. But When You’re Ready…

liz bliz
liz bliz
21:35 07 Jul 20
I have no words to say thank you to Cagla Bayam, and her team . Cagla spoke to me ,about my real choices and explain... ,in just a way that i understand everything,she make me understand and believe theres is a hope for recover and start over.I know it will be few more years but at least ,i know i have a direction to go,and i am learning as i go ,I have being going in every direction confuse ,neglecting my own health trying to pay debts . 3 jobs trying to pay fast without results. till the point of question life. Every collector were screaming,witch get me more stress. I felt really lost .So i see an ad off Sheriff Sole & Madej Inc and I apply I thought it was scam at first ,because she was listening,not imposing her words,no pressure, no rush, believe me as I type, I talk a lot even more when i am stress ,and there she was with all the patience in the world . It was too nice to be true.I keep telling her "I hope you real " But it is true,they are real professionals, she can help you or guide you. I want so bad to be debt free and able to have a day off. I recommend and encourage anyone that feel lost in debt to Email or call them, specially this branch in north york ,well this is the one i experience. I did this review because this was a door to be debt free that i though it will never open and that it wasn't for me. I am in the road to be debt free.and I hope anyone who read this is too Thank you so much. Everyone stay saferead more
Z N
Z N
22:43 23 Jun 20
Alexandra Morataya is hands down the most unprofessional person I have come across. She screwed up royally and instead... of owning up to it she ignores you and leaves you hanging for over a month. Tried getting ahold of Todd Sheriff and he too ignores messages. Looking into a lawyer as my credit score has gone down tremendously and for 2 months payments haven't come out due to their screw up. I wouldn't suggest this company/firm.read more
Raymond Joseph
Raymond Joseph
14:18 10 Jun 20
Due to poor monitoring and advice, I am left In debt after a bankruptcy. Incompetency has my discharge incomplete, 8... months after qualifying. What was supposed to be a 24 month solution, turned into a 5 year ordeal.read more
NexToronto WordPress & Internet Marketing
NexToronto WordPress & Internet Marketing
16:44 19 Dec 17
If you're having debt problems and want piece of mind call Sheriff Sole & Madej Inc. They are extremely helpful and... very professional.read more
Michael Meyer
Michael Meyer
07:14 01 Oct 17
If you are having debt problems, call them. They will help you get rid of all your debts. The best part is that their... fees are already included in the monthly payment.read more
Ed Hammond
Ed Hammond
06:26 03 Sep 17
We can’t thank Sheriff Sole and Madej team enough. Transparent and non-judgmental company. Cristina answered all of... our questions patiently and made this process stress free!read more
Timothy Pass
Timothy Pass
19:08 04 Aug 17
After losing my job I was no longer able to pay my bills and ended up with a huge debt load. Katherine was very... knowledgeable and patient. She answered all my questions and helped me deal with my financial situation. I am now in a proposal and make only one low monthly payment. Thank you Katherine!read more
Adam Hale
Adam Hale
17:31 28 Jun 16
I've been working with Sheriff Sole & Madej Inc. for the past 1.5 years. Before that I spent 7 years going through... different Trustee's & "Debt Guys" in Ontario. Sheriff Sole & Madej Inc. have changed my outlook on Trustee's. They don't make my clients feel uncomfortable. They don't make me look bad when referring them business. They respect us! Those are keys when working together with clients that are usually in a tough spot. Trust me, the creditors will be just fine...read more
Artem A
Artem A
16:58 24 Jun 16
Knowledgeable staff that is a pleasure to work with. Sheriff Sole and Madej provides a welcoming environment for... clients to resolve even the most challenging of credit situations. All available solutions are explained in great detail, and client satisfaction is clearly a priority for the firm.read more
Next Reviews