We at EMR Debt Solutions have qualified negotiators, who will negotiate with your creditors outside of the court system on your behalf. We arrive at a suitable repayment plan that accommodates your current financial situation. Our team of negotiators are able to settle your debts up to 90%, but the client will be required to pay the settle amount in full to the creditors.
Informal Proposals are the best option for clients that owns a property with a lot of equity and individuals, who earns a high income above the Bankruptcy and Insolvency Act. Also, generally when a client offers creditors a settlement that is greater than if they filed for bankruptcy the creditors will most likely accept the Informal proposal thus allowing the client debt relief without filing for Bankruptcy.
Example: Bob owes $ 10,000.00 and creditors accept $ 3,000. Bob will need to pay $3,000 in full upon acceptance of the Informal Proposal.
What effect will this have on your credit bureau?
R7 (making regular payments through a special arrangement to settle debts)
It is our promise to you that your future will consist of a
“Path to Financial Freedom & Growth”
when you walk through our doors.
* Disclaimer: The information provided on this website is used just to provide you with general information. Not intended to provide any sort of advice, and should not be acted on without an initial consultation with one of our debt specialists. If you choose to rely on the information given through this website you are doing so on your own risk.