ANATOMY OF A STRATEGIC CREDIT REHABILITATION

Hi folks! Today let`s make sure everyone is clear about what a successful debt consolidation should accomplish.

The benefits of getting this exactly right are far reaching and the quality of the strategy and how it`s implemented WILL effect the quality of your life in a big way.

Debt consolidation does not always require a loan. Any money from any source will do. What you need to be prepared for is that not all change is good. Only undo what isn`t helping you and only add what will help you.

In many ways, a successful debt consolidation should be like fixing a broken bone. You wear a cast only long enough to perfectly repair the damage, then you move on stronger than before.

HERE`S WHAT IT SHOULD LOOK LIKE:

  • Consumer inquires to service provider, receives free consultation to explain service benefits and is referred to service providers secured website
  • Consumer provides CASL compliant summary of information and supporting documents to service provider
  • Service provider analyzes new account and presents customized solution strategy to consumer
  • Service provider arranges new money (i.e unlock failing RRSP, arrange financing, consumer sells property, etc)
  • Consumer’s debts are paid in full or settled in full as arranged
  • Service provider gathers creditor receipts, drafts manual credit update package and provides all to consumer with easy mailing instructions
  • Service provider follows up with consumer to ensure consolidation exit strategy is understood (usually in 12 months)
  • Exit strategy is implemented

I hope this has helped and motivated you to learn more. The links provided in this post are designed to guide you to what works. Feel free to email db@cdncreditmatters.org or hit me up on Facebook for more assistance.

Cheers for now!

-DGB

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