Lazard & Associates Inc

Trusted Debt
Counselling Services

When your financial situation seems grim, it can be hard to envision a future where you’re not weighed down by debt. You may even be considering bankruptcy so you can start fresh. In many cases, consumers who are struggling with debt already have the means to pay their debt off themselves. At Lazard & Associates, we’re here to help you with debt relief services including credit counselling services that will help you avoid declaring bankruptcy or submitting a consumer proposal to the CRA.

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Lazard & Associates Inc

Personalized Debt
Management Plans

We will work closely with you to determine a plan that will help you get out of debt. We start by reviewing your full financial situation and discussing the options that are available to you. We will help you develop a debt management plan that includes a budget that you can stick to while making regular and reasonable payments towards your debt. Your debt management plan will be tailored to your unique financial situation and needs so you can still take care of the things in life that need tending to while still reducing your debt over time. Read More

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Lazard & Associates Inc

Get Creditors
Off Your Back

As you know, much of the stress of being overwhelmed by debt comes from your creditors contacting you every day to try and get payments from you that you might not be able to make. With our consumer credit counselling services, we will take care of dealing with your creditors so you don’t get harassed with phone calls. This will leave you with more time for living and working towards a debt-free life! If you feel like your debt is overwhelming you and are considering declaring bankruptcy, contact us today for a consultation to see if our consumer credit counselling service can help you avoid that!
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Lazard & Associates Inc

Credit Counselling at Lazard

An enquiry is often the first step in credit counselling. When you reach out to us, our certified credit counsellors at Lazard and Associates will ask you questions about your financial condition. This will include your income and expenses as well as any loans and credit card debt you may have. We will enquire about your financial objectives as well as what caused you to accumulate debt. This is done to help you and our credit counsellors create a clear picture of your financial situation. Based on your needs, credit, budget, and goals, this will help you choose the ideal debt relief strategy.

There are several options for getting out of debt. Your Lazard and associates credit counsellor will take the time to thoroughly explain all of your alternatives and assist you in comparing them. We will also make recommendations for the best course of action based on your financial situation.

If a debt management plan is the best option for debt relief, we will help you set one up. Together, you will determine a monthly payment that fits your budget. Our Associates will work to get in touch with your creditors and provide ongoing support and financial counselling.

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Credit Counselling FAQs

There are many signs that can point towards a credit or debt problem.   A person may experience some or all of the following signs.

  • Having trouble paying bills on time
  • Receiving collection calls or reminders of past due accounts
  • Using up your overdraft or credit line
  • Sleepless nights due to debts
  • Spending more money than you have
  • Defaulting on monthly credit card payments
  • Impulsive spending due to financial concerns
  • Hiding debts or spending from your partner
  • Allowing bills to accumulate because you are unable to pay them
  • Your financial institution has turned down your request to consolidate your obligations
  • There is no budget or spending strategy in place
  • Feelings of hopelessness, as if you’ll never be able to pay off your debt

Credit counsellors offer individual counselling and debt/money management strategies as a service.

Counsellors will examine your present financial situation and assist you in determining the best course of action for you such as a credit card consolidation loan, a debt management plan, a consumer proposal, or bankruptcy. They can also assist with financial planning, spending patterns, and credit utilisation.

Credit counselling can be a beneficial initial step in reviewing your debt, assisting you with collection calls, and providing guidance on how to proceed. The next step could be to create a budget, enroll in a debt consolidation programme, or speak with a Licensed Insolvency Trustee about filing a consumer proposal or bankruptcy. Lazard and Associates offer credit counselling and are licensed Insolvency trustees.

No. It is absolutely confidential to speak with us. No one will ever know you had an information consultation with us until you decide to take further steps like a debt repayment plan or consumer proposal.

A debt management plan, consumer proposal, or bankruptcy will all have an influence on your credit scores for a period of time, ranging from two years for a debt management plan to six or seven years for a first-time bankruptcy.

A credit counsellor can propose a debt management plan to your creditors and lenders. You can consolidate your obligations into one monthly payment with a debt management plan. Interest may be waived or lowered in several instances. However, you will almost always be required to return all of your debts. It’s a voluntary arrangement, therefore not all creditors and lenders may agree.

A debt management plan also known as a debt consolidation or debt payback program is a service provided by credit counsellors that allows you to pay off your obligations in full, often with lower interest rates or a longer repayment period. Credit counsellors contact your creditors on your behalf to offer a payment schedule based on your ability to pay with this choice.

The Bankruptcy and Insolvency Act of Canada regulates the consumer proposal and bankruptcy processes. A licenced insolvency trustee Like Lazard and Associates must assist with these procedures.

To assist you in repaying your debts in a fair amount of time, creditors may cut or waive interest as well as recurring charges/late fees. However, not all creditors will agree to lower interest rates. Most creditors support the debt repayment programme.

When creditors receive written notice from a Credit Counselling Canada member agency, they will usually contact the agency for any further information or facts they require concerning your case. You are still liable for the loan, and creditors may contact you if you fall behind on payments.

Our Industry Experience

Why Choose Us?

It can be quite difficult to trust someone with your finances, but when it comes to personal bankruptcy, there’s no one you can trust more than Lazard & Associates. We help you reestablish your credit, pay of your debt and avoid bankruptcy through consumer proposals.
  • We have more than 20 years of experience.
  • Our associates are licensed, experienced and trusted in the community.
  • We reduce your stress by making decisions to relieve you of debt.

Lazard & Associates Inc

What Our Satisfied Clients Say About Us

Very Professional, Very Understanding and Above All Very Kind Hearted Team! First time I went there I felt like a complete Loser to say the least!!! After discussing in details with Happy-go-Lucky Louise I felt 90% of my anxiety immediately gone! No word of a lie I smiled and laughed all the way home!!”

– Satisfied Client

I found Lazard and Associates to be professional and caring. After getting myself into some serious trouble, I am back on track with their help. Avoiding Bankruptcy and doing a proposal has been very helpful in reestablishing my credit quickly. I have recommended them to friends and family and happy to see that it isn't a cookie cutter approach. They take the time to do what's best for the client.”

– Satisfied Client