Lazard & Associates Inc

Debt Management Ottawa

Debt management is a strategy that uses budgeting and financial planning to help you get control of your debt. A debt management plan’s objective is to employ these techniques to assist you in reducing your present debt and working toward debt elimination.

A debt management can be made by yourself or with the assistance of a credit counsellor at Lazard and associates. While the simplest course of action is to create a strategy on your own but having a partner outside of yourself to provide assistance or accountability can be beneficial. At Lazard and associates, our credit counsellors set you up with a budget and teaches you money management skills while creating a plan to assist you get rid of your debts.

Lazard & Associates Inc

Debt Management With a Credit Counsellor

Debt management is not a one-size-fits-all approach; rather, it consists of a variety of decisions you might make to help you pay off your existing bills. Having a lot of debt, whether “good debt” like a mortgage or student loans or other debts like credit card debt, can affect your credit ratings depending on how well you handle the debt.

A credit counsellor will assist you in developing a strategy for paying off your debts and, if necessary, can negotiate a debt management plan (DMP) with your creditors. In order to help you pay off your debt more quickly, it often lasts three to five years and contains concessions such a lower interest rate, a smaller monthly payment, or fee waivers. The creditor may close your accounts after each obligation is paid off, depending on your circumstances, in order to prevent accruing any additional debt.

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.

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