Covid19 - Update
As an essential service we are open and continue to help families reduce any debt by 50-80% in just 2-7 days (depends on your cooperation)

We Help Mothers, Fathers and Families with over $10,000 worth of debt instantly.

Start FREE Savings Calculation

We are a federal government approved debt consolidation program designed for
consumers to not file for bankruptcy.
You must see your options first!

Use Our SIMPLE Mobile
Optimized Debt Write Off
and Debt Consolidation
Calculator. Takes 30 seconds.
It’s Worth The Time!

Covid19 - Update

As an essential service we are open and continue to help families reduce any debt by 50-80% in just 2-7 days (depends on your cooperation)

We Help Mothers, Fathers and Families with over $10,000 worth of debt instantly.

Start FREE Savings Calculation

We are a federal government approved debt consolidation program designed for consumers to not file for bankruptcy.
You must see your options first!

Use Our SIMPLE Mobile Optimized Debt Write Off and Debt Consolidation Calculator. Takes 30 seconds.
It’s Worth The Time!

GET STARTED

We help with

  • Debt Consolidation
  • Student Loan
  • Collection Calls
  • Credit Card Debt
  • Tax & CRA
  • Wage Garnishment
  • Bank Loans
  • Debt Consolidation
  • Student Loan
  • Collection Calls
  • Credit Card Debt
  • Tax & CRA
  • Wage Garnishment
  • Bank Loans

See If You Qualify in 37 seconds…

Free Savings Estimate

It’s about you and you are NOT Alone!
We help with Financial Crisis via Calculation by providing facts first. That’s our attitude. We help you feel like yourself.

$37,500 debt relief savings estimate 7 days ago in Brampton
$85,370 debt relief savings estimate 3 days ago in Hamilton
$104,000 debt relief savings estimate 1 day ago in Markham

Debt Relief – How It Works

Keeping up with different debt obligations is a common struggle for many Canadians, and if you’re trying to get your head above water, sometimes understanding how debt consolidation works could be the first step towards rebuilding your finances. Although debt consolidation can certainly help improve your finances, it isn’t a blanket solution for all financial challenges.

Why Us?

  • Get a Personalized Plan
  • See Your Savings in Minutes
  • Private and Confidential
  • Personalized plans designed to fit your budget
  • No upfront fees
  • Certified, skilled team of Debt Specialists
  • BBB Accredited — A+ Rating
Free Savings Estimate

Speak to an expert

Talk through all your options with one of experienced debt specialists over phone or Zoom

Feel like yourself

Talk through all your options with one of experienced debt specialists over phone or Zoom

Write off debt calculation

Stop stressing about debt. It's just a math problem that we solve for you. You enjoy life again and have 2-3 options to pick from. Of course, we will suggest a solution based on your calculation.

Get Quick Confidential Write Off Debt

Stop stressing about debt. It's just a math problem that we solve for you. You enjoy life again and have 2-3 options to pick from. Of course, we will suggest a solution based on your calculation.

This is the fastest and easiest way to get the debt consolidation information you need from anywhere in Ontario.

Get FREE Savings Calculation

100% Canadian

We quickly tell you how much you will save by write off or consolidation calculation and give you 1-3 options via email first.

Frequently Asked Questions

SaveOnDebt doesn’t charge any upfront fees, and there’s no cost to sign up. Our initial consultations are free. During your consultation, one of our certified debt specialists will talk with you and see if the SaveOnDebt program is right for you. The average client usually pays a fee of 15-25% of the total debt enrolled; however, this fee is only paid once the debt has been settled. In addition, this fee is part of your monthly payments, and it won’t cause them to rise. You’ll continue to make one, low monthly payment for the entire time you’re enrolled in the SaveOnDebt program.
Yes, debt negotiation will negatively affect your credit temporarily and it can be improved after you have completed the program and you are debt free. The effects are not as severe as bankruptcy. If you are already behind on your bills, your credit score will already be lower so the effects of our program may not be as severe. You have to decide if it’s better to resolve your debt now at a lower cost and then rebuild your credit.
No, we do not offer debt consolidation loans. We can consolidate your debts into one low monthly payment. If you have bad credit, you will not qualify for a debt consolidation loan in the first place.
Yes, you can negotiate with your creditors yourself and save yourself an extra 18-25% off your debt. (Our fee is 15-25% of the debt amount depending on the state they live in and the amount of debt they have.) Not everyone wants to talk to their creditors on a regular basis so they trust us to do it for them. Our debt negotiators have extensive knowledge in Federal & State consumer laws & exercise the Fair Credit Reporting Act, Fair Credit Billing Act, as well as the Fair Debt Collection Practices Act to help settle your debt.
It depends on how quickly you can build up your settlement funds and save for the settlement offers. The program length varies between 24-48 months, the faster you can save, the quicker you can get out of debt. If you only make the minimum payments on your credit cards, you could be in debt for the next 10-20 years and pay back 2x, 3x, or even 4 times as much as you originally borrowed.
There is a slight possibility that any creditor can sue you. However, lawsuits are expensive and creditors try to avoid them. We aim to complete the program as quickly as possible to avoid any lawsuits.
No, you will not be able to use your credit cards that are enrolled in the program. Creditors will usually close your accounts after you have missed a few payments anyways. Your debt consultant will help you decide the best plan of action based on your current financial situation.
That depends. Your creditors will issue you a 1099-C form for any debt forgiven over $600. The forgiven debt counts as income. But, if you are insolvent (you have more liabilities than assets) at the time we settle with your creditors, you may not have to pay any taxes on the forgiven debt.
Yes! We offer a Money Back Guarantee because we want Satisfied Customers! Our Guarantee: By joining our program, you will be on your way to reducing your debts. We are so confident in our professionalism, level of service and ability to get results, that we do not charge a single penny in fees until your debt is settled. Not a single penny! If we are unable to settle your debt or if you are unsatisfied for any reason up to the point of us settling your debts, you can cancel anytime without any penalties or fees! If we are not able to settle any of your accounts, you don’t pay us. It is that simple! We get results or you don’t pay! We call that our 100% Satisfaction Guarantee!
Bankruptcy is an option that is generally treated as a last resort. It will remain on your credit report for 10 years & you can be denied employment, state licenses, insurance, as well as tenancy of an apartment. Most importantly, you can be denied virtually any type of credit with a bankruptcy on your report for several years. In addition, since the bankruptcy laws have changed recently, it is even more difficult to qualify for Chapter 7, the method of liquidating assets to resolve your debt. You will not be allowed to discharge alimony, child support, taxes, student loans, judgments, or any loan on the bankruptcy petition. Under Chapter 13 bankruptcy, your debt payments are simply restructured meaning you will still have to pay a percentage of your debts while you suffer the consequences of bankruptcy. Debt negotiation is an alternative to bankruptcy.
Due to your legitimate financial hardship, you are able to participate in this savings program in order to help pay your debts in the future. We are not here to advise you not to pay your debts now, however if you continue to make payments to your creditors, there may be less debt or possibly none left at all for us to settle. If you are able to save money in this program & make payments to your creditors at the same time, then you probably don’t actually have a legitimate financial hardship.
Our program could have a negative impact on your credit initially. During the debt settlement process, our clients make the decision to stop paying their creditors and instead pay into a dedicated savings account that goes toward their debts. Fortunately, most of our clients find that by the time they graduate, their credit score has returned to the same rate if not higher as when they started.
Our program could have a negative impact on your credit initially. During the debt settlement process, our clients make the decision to stop paying their creditors and instead pay into a dedicated savings account that goes toward their debts. Fortunately, most of our clients find that by the time they graduate, their credit score has returned to the same rate if not higher as when they started.

This is the fastest and easiest way to get the debt consolidation information you need from anywhere in Ontario.

Click Here To Calculate Canadian Debt

*Disclaimer – SaveOnDebt.ca, is a debt settlement company; not a credit repair or consumer credit counseling company. SOD doesn’t provide investment, tax or legal advice. SOD does not provide services or assistance repairing, modifying, improving, or correcting credit entries or credit reporting. SOD does not assume or pay any debts, receive, hold or control funds belonging to consumers. SOD’s debt settlement program and advice program is not available in all provinces across Canada. Individual results vary and are dependent on factors such as successful completion of program, creditor cooperation, and ability to save funds by consumer to settle. Read and understand all contract terms and program disclosures before enrolling. Not all clients successfully complete the debt settlement program. We will educate you on how to create a new financial life.

**Disclaimer – We do not charge upfront fees and you do NOT pay our fee until a settlement has been arranged, you approve the settlement, and at least one payment is made towards the settlement. As each situation is unique, fees and costs vary. Please contact us at #647### for a free debt analysis from anywhere in Canada and for complete program details. It’s free for Canadians over 19. It’s information

Copyright © 2020 SaveOnDebt.ca. All Rights Reserved.