Managing Student Debt: Solutions, Repayment & Relief

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Managing Student Debt Solutions, Repayment
Relief
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About us

• We at Credit 720 work for you in a similar way
  just as your Tax Consultant or Accountant. You
  hire our expert advice in debt negotiations as we
  help protecting your assets and safeguarding your
  rights as our esteemed client.
• Our goal and aim is to protect your best
  self-interest and not the creditors, the advice
  that we offer will make sure you are represented
  and treated fairly regardless of your current
  financial situation with respect and dignity
  throughout the negotiation process of a Consumer
  Proposal or a Bankruptcy until you receive your
  final discharge or a Certificate of full
  performance and ultimately help you preserve a
  good credit rating which is our ultimate  GOAL at
  Credit 720.

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Understanding Debt Solutions- Understanding Loan
Help, Repayment Relief Strategies

• Canadian students are also facing debt from
  student loans from Federal and Provincial
  government agencies and private agencies. Paying
  student loans is a big challenge, and what helps
  are available, what alternatives are, how to
  repay the loans, and what relief strategies are
  implemented by the government and others, by and
  large, are vital things to know in todays post.

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Consolidate Students Loan in a Consumer Proposal

• If you have some capacity to repay your student
  loans, a consumer proposal is an ideal
  alternative to save your face from a bad credit
  score for a long time. Some advantages of a
  consumer proposal are
• It requires no further borrowing.
• There is no additional interest charge.
• It consolidates all debts at once, including
  student loans and credit card debt.
• Consumer proposal offers are tailored to your
  unique situations.
• You must repay 30-70 of the total balance in the
  consumer proposal settlement.
• The remainder may be forgiven or written off by
  lenders

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Discharge Student Loan in Bankruptcy

• However, bankruptcy is not a good alternative
  because it spoils your credit score in the long
  term. Personal bankruptcy can write off student
  loans and other debts, including
• Overdrafts
• Credit cards

• Lines of credit
• Payday loans

Relief Strategy

• There are many federal and provincial relief
  strategies to alleviate the burden of student
  loans, but hardship provision is an excellent
  choice for many. The program is available through
  the Canada Student Loans Program (CSLP).

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Hardship Provision

• Student Hardship Provision is a loan
  rehabilitation provision that temporarily pauses
  loan repayment to provide short-term relief. So,
  it is not a long-term solution for student loan
  repayment. Please keep in mind that the student
  hardship provision is a temporary relief, not to
  forgive or write off the total loan.

SCG-PDSE(Canada Student Grants for Services
Equipment for Person with Permanent Disability)

• It provides financial assistance to students with
  permanent disability for services and equipment
  needed for post-secondary studies.

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Repayment Assistance Plan (RAP)

• The government of Canada offers students to repay
  their loans through the RAP scheme.
• Depending on your income, you may qualify for
  reduced or no payment.
• The government pays any interest owing on the
  federal part of your loan, which your reduced
  payment cannot cover.
• The scheme starts to pay down the principal and
  any remaining interest after 60 months of RAP or
  ten years after you finish school.

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Who Can Help You?

• Credit720 is a dependable agency to help you to
  gain student debt solutions. Our services
  contain
• Credit Counseling Services Surrey
• Credit720 offers credit counseling services in
  Surrey, Canada. We have expert counselors ready
  to help you with student loan-related problems.
• Consumer Proposal Surrey
• If you need to submit a consumer proposal for
  your student loans, Credit720 extends helping
  hands by providing you with complete guidance and
  active assistance in due work.

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Contact Us
Surrey Unit 456, 2153 Central City 10153 King
George Blvd Surrey, BC, Canada V3T 2W1 (Inside
Central City Mall, across Burger
King) Telephone [phone]
Fax [phone] Email info_at_credit720.ca We
bsite www.debtconsolidationbc.com