Debt Consolidation & Debt Relief in Edmonton

When you have debts that you can’t repay, life can seem confusing, stressful and overwhelming. A.C. Waring & Associates Inc. provides solutions that may help you regain control over your finances and live your life debt-free. Have a look at the following frequently asked questions to learn more.

How can you help me deal with my debt?

A.C. Waring & Associates Inc. provides a full range of debt solutions to handle wage garnishments, repossessions, collection notices, foreclosure issues and lawsuits, depending on your situation. We’ll help you understand what your options are as you work to rebuild your credit.

What is a credit score?

Your credit score is a measurement of the potential risk that you represent to lenders. A high score means that you are low risk. A low score means that you are high risk. You 'earn' your score based on whether or not you pay your debts on time.

What do the numbers in my credit score mean?

There are a few different ranges that your credit score can fall into:

Poor: 300-575
Fair: 576-629
Good: 630-679
Excellent: 680-750
Perfect: 750-900

What’s the difference between a credit score and a credit rating?

Your credit score is a numerical value representing the potential risk of lending to you, while your credit rating is a lender’s assessment of your history with them. Your credit rating is assigned both a letter (indicating the type of credit used) and a number (indicating how promptly you paid off the debt). The letters used are as follows:

I (Instalment)
O (Open line of credit)
R (Revolving credit)

The numbers next to the letters range from 1-9 with 1 indicating that you always pay on time and 9 indicating a bad debt or an account that has gone to collection.

What’s in my credit report?

Your credit report contains all of your personal information (date of birth, social insurance number, addresses, employment details, etc.) and other facts pertaining to your credit history. This includes transactions from credit card companies, cell-phone companies, banks and any other lenders with whom you’ve had an account.

How long do bad debts stay in my credit file?

A negative payment history will stay in your file for six years. However, debt consolidation arranged through consumer proposals, drafted by financial professionals like those at A.C. Waring & Associates Inc., may be expunged from your records in as little as three years.

What is debt consolidation?

Debt consolidation, at A.C. Waring & Associates Inc., is the process of combining several outstanding debts into one single debt. This is arranged, formally, through a consumer proposal. With only one monthly payment to worry about, it’s much easier to balance your budget. Debt consolidation also reduces the amount of interest you pay, which helps you to shrink your debt faster.

Do you offer free consultations?

Yes. The first time you meet with us we’ll conduct a free, confidential assessment of your current financial situation and advise you of your options. Sometimes this can be done solely over the phone. Most times, depending on your circumstances, these will need to be done in person--by appointment or just drop in.

I need debt help but I don’t live in Edmonton. Can you still help me?

Yes. We offer debt advisory services to Central and Northern Alberta communities as far away as Grande Prairie, Fort McMurray and everywhere else in between. We provide free consultations either in person, or over the phone. Call us toll-free from anywhere in Alberta at 1-800-463-3328 and speak to one of our debt counsellors today.

What other services do you offer?

In addition to arranging consumer proposals, debt restructuring, and bankruptcy proceedings for individuals and small businesses throughout Alberta, we also provide credit-counselling services so that you can learn how to prevent further debt problems.

Do I need an appointment?

No, you can stop by our Edmonton office anytime between 8:30am and 5:00pm, Monday to Friday or you can call 780-424-9944 or (toll-free) 1-800-463-3328 to speak with someone right away.

Where are you located?

A.C. Waring & Associates Inc. is located in downtown Edmonton at the corner of 107th Street and Jasper Ave in the First Edmonton Place building (across from the Corona LRT Station).

The address is 10665 Jasper Ave NW, Suite 410. Tim Horton’s is at the base of the building.

A.C. Waring & Associates

First Edmonton Place, 410-10665 Jasper Ave NW, Edmonton, AB, T5J 3S9|
Main: 780-424-9944 | After Hours: 780-423-3328 | Toll Free: 800-463-3328
A.C. Waring & Associates is your trusted Edmonton-based regional bankruptcy trustee and debt solutions company. We specialize in debt solutions for personal or business matters, including debt and credit counselling, debt consolidation, consumer proposals, bankruptcy proceedings and other debt help solutions. If you are overwhelmed by debt and need solutions, A.C. Waring & Associates will help you find the path to a debt-free life. We proudly offer services to Northern Alberta communities as far as Grande Prairie, Fort McMurray and the surrounding areas. Contact us today for a free consultation at 780-424-9944 or toll-free at 1-800-463-3328.