Lazard & Associates Inc
Ottawa Debt Solutions
We pride ourselves on providing world-class credit counseling services and debt solutions for credit card debt, student loan debt, tax debt as well as elimination wage garnishments and collection calls.
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Lazard & Associates Inc
Credit Card Debt Solutions
The first issue with credit card debt is the unpredictability of payments. The more you charge, the higher your monthly payment will be. When your debts become too large, your income is depleted, leaving you with less money to save and cover emergencies.
For practically everyone, having a lot of credit card debt can be distressing. You may begin to get collection calls, letters, emails, and text messages pleading with you to pay the debt. Contact Lazard and Associates today to discuss your credit card debt solution!
Lazard & Associates Inc
Tax Debt Solutions
You may believe that owing money to the Canada Revenue Agency (CRA) is just like any other debt. Regrettably, this is not the case. Unlike other creditors, the CRA has extremely broad and powerful authorities to collect tax debt.
The CRA not only has extensive powers, but their collections department is very aggressive in exercising them. In the best of circumstances, communicating with the CRA may be aggravating and time-consuming, but when you owe money, the issue becomes far more difficult. The CRA debt collection process could result in your bank account being frozen, your income being garnished, or your possessions being seized.
If you have a tax burden and are seeking for a debt relief option, our specialists at Lazard and Associates can assess your debts and offer financial solutions to make your life easier.
Lazard & Associates Inc
Student Loans Debt Solutions
The idea behind student loans is that everyone should benefit. Student loans are the government’s investment in you. They provide you with financial assistance so that you can continue your studies. You continue your study, find a job, repay your debt, and pay taxes to create a win-win situation.
However, things do not always go as planned owing to illness or a lack of career opportunities.
If you’re having trouble making payments on your loan, you have a few options, including lowering your overall monthly amount, seeking a lower interest rate, and modifying your payback frequency. Alternatively, you can get guidance from a credit counsellor at Lazard and Associates on how to best manage your debts.
Lazard & Associates Inc
Personal Loan Debt Solutions
A personal loan is a sum of money that you can borrow for a number of things. For instance, you may utilise a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. You have to pay back the borrowed funds over time, usually with interest and loan fees.
Usually, in order to be in default, you must have missed several months’ worth of payments. Personal loan default is significant because it harms your credit. Not only will your credit score suffer greatly, but you’ll probably have a hard time getting fresh credit for years. Even if you can get fresh credit, it’s likely that you won’t be able to lock in a good interest rate.
If you have taken a personal loan and are concerned by your ability to pay back or you have defaulted on payment, contact us today for a free consultation.
Lazard & Associates Inc
Payday Loan Debt Solutions
Payday loans are designed to fill a temporary or short-term liquidity gap up to your next paycheck. Do not use them for recurring expenses like rent, food, or utility bills. You risk getting into financial difficulty if you use them in this manner.
As with every loan, if you don’t pay back your loan by deadline, there may be severe repercussions. These repercussions could vary depending on your province’s laws.
If you are unable to make your payday loan instalments on time, contact our debt solutions expert today for a free consultation.
Lazard & Associates Inc
Utility Bills Debt Solutions
Utility debt includes behind on regular, necessary utility payments like gas or electricity. Knowing what resources are available is crucial if you find yourself behind on your utility payments, such as your power bill.
Neglecting your utility payment can have an impact on your credit score and credit report. Utility providers will take legal action if bills go unpaid, will give information about your late payments to a collection agency, and will report your debt to the credit reporting agencies.
If you are struggling to keep up with your utility bills debt, contact us for a free consultation today.
Lazard & Associates Inc
Stop Collection Calls
Sometimes, life throws curveballs such as job loss, illness, or unexpected car repairs at us. You may find yourself ignoring your creditors if you don’t have an emergency reserve to fall back on. When this happens, you’ll almost certainly have to deal with debt collectors.
Because your creditor has forwarded the debt you owe to a collection agency to recover on their behalf, or because your creditor has sold its overdue debts to a collection agency, you may begin to receive collection calls.
Make an appointment with one of Lazard and Associates’ Licensed Insolvency Trustees immediately to discuss your debt relief options.
Lazard & Associates Inc
Stop Wage Garnishment
If you stop paying your creditors, they can file a lawsuit in court to seek a judgement order against you, which could result in a wage garnishment. This is a legal process in which a creditor demands that a third party, such as your employer or bank to turn over a portion of your earnings or bank account cash to the creditor.
Commercial debts, such as bank loans and credit cards, can only garnish up to 20% of your salary in Ontario. If you owe the Family Responsibility Office money, they can garnish up to 50% of your salary, and you might not be able to stop them.
Our Experts at Lazard and Associates will look into all options you are eligible for before recommending your best course of action. Contact us today !
Our Industry Experience
Why Choose Us?
- 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