Opening January 1, 2015 – Our new Windsor office!
Effective January 1, 2015 Welker & Associates will be opening a new location in Windsor, Ontario. Although we won’t “officially” be open until January 1, if you would like to book an appointment before then, we will be happy to meet with you. We will be using space at 720 Ouellette Avenue, Windsor, Ontario. We look forward to being able…
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Opening January 1, 2015 – Our new Hamilton office!
Effective January 1, 2015 Welker & Associates will be opening a new location in Hamilton, Ontario. Although we won’t “officially” be open until January 1, if you would like to book an appointment before then, we will be happy to meet with you. We will be using space at the Financial Wellness Centre located at 236 Pritchard Road,…
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Options For Dealing With Your Personal Debt
When it comes to dealing with personal debt, there are three choices: digging out of debt on your own (which may include credit counselling); making a consumer proposal; or filing personal bankruptcy. Deciding which option is right for you and your family depends on your personal situation. It is important to explore all of your options and…
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Consumer Proposal vs. Bankruptcy
Why is it a good idea to consider making a consumer proposal if you have previously filed personal bankruptcy? Filing a consumer proposal is not bankruptcy. Therefore by filing a consumer proposal, someone that has been bankrupt previously can avoid a second personal bankruptcy filing. This is important because the personal bankruptcy process for a…
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Understanding Your Credit Report
Many Canadians request a free copy of their credit report through Equifax or Transunion, but once they receive their report, they have a hard time reading it. If you’re not used to reading credit reports, they can definitely be difficult to understand. Here are some points to remember when reading your credit report: Included Information…
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Dealing With Your Debt Doesn’t Have To Be Scary
Are debt issues scaring you most this Halloween? If the things you’re most afraid of this Halloween are dealing with collection calls or opening creditor letters, it’s probably time to get some help with your personal debt problems. Meeting with a trustee isn’t scary and most people are shocked to find out how simple filing…
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Can you consolidate credit card debt?
LORI ASKED: Can I consolidate all my credit card debt into one LOW monthly payment without filing for bankruptcy? ANSWER: There are three ways to “consolidate” all of your personal credit card debts into one low monthly payment: Consolidation Loan Debt Management Plan Consumer Proposal Each of these options has advantages and disadvantages. To see how much each…
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How To Pay A Consumer Proposal Off Early
As I mentioned in my previous blog post, Can I pay off my consumer proposal early?, you are allowed to pay off a consumer proposal early. The biggest advantage to doing this is that your proposal information will purge from your credit report sooner. In other words, you will be able to rebuild your credit score…
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Can I pay off my consumer proposal early?
A clause allows you to pay-off and complete your consumer proposal at any time. Every consumer proposal that is filed by my office includes a clause that states as soon as the total due is paid, the consumer proposal is deemed fully-performed. This clause allows you to pay-off and complete your consumer proposal at any time….
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Getting Financial Help For The First Time
Many people I meet with tell me that they were nervous to call me because they have never made a consumer proposal or filed personal bankruptcy before. This is a good thing. You don’t want to have much experience with consumer proposals or personal bankruptcy. True, unless you’re a licensed trustee in bankruptcy. While there are…
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