Cambridge Life Solutions Canada - Proven Results - Actual Settlement Offers
Credit card and collection companies may make claims that they do not work with Cambridge Life Solutions Canada. Even most of our competitors that offer other financial hardship programs such as credit counselling or debt consolidation want to discredit the debt negotiation program and the services Cambridge Life Solutions Canada offers.
Here is the reality, for those Canadians struggling to make minimum payments month after month or for those who are not able to make a minimum payment at all, their debt has a strong possibility of outliving them. Unfortunately, some credit card and collection companies will target those Canadians who owe thousands in debt and have high daily compounding interest rates of 19%, 20%, 25%, or even 32%, and use fear, intimidation, and, sometimes lies to keep their customers on the same path they have always been on, which only leads to stress and a life destined for indebtedness.
At this point, you are probably wondering why credit card companies, collection companies, and competitors would use these tactics. The answer is simple. Paying your minimum payments makes the credit card companies a lot of money, but so do Credit Counselling and Debt Consolidation programs because you still pay a daily compounding interest rate!
Don't take our word for it, let us put our money where our mouth is and support our claims with the following examples.
Example A: Making Minimum Payments
John has a balance of $20,000 that he owes on his credit card. His credit card company charges him a 19% daily compounding interest rate. Making just the minimum payment, he will have to pay $516.67 each month.
At this rate, paying only the minimum payments it will take John 34.42 YEARS to pay back over $51,072.75 in interest and principal!
Example B: Credit Counselling or Debt Consolidation Loans
John decides to work with a credit counseling or debt consolidation company. They contact his creditor and are able to decrease his interest rate from 19% to 7%.
John is very excited about this, except after doing the calculation he realizes that even at a 7% interest rate it is still going to take him over 5 Years to pay back more than 25,018.27 in interest and principal.
Example C: Cambridge Life Solutions Canada Debt Negotiation Program
John enrolls his account with a balance of $20,000 into the Cambridge Life Solutions Canada debt negotiation program. Cambridge Life Solutions is able to negotiate a settlement offer with his creditor based on his budgetary analysis and financial hardship. John approves the settlement offer and accepts because he only has to pay back $13,000 which not only includes the settlement amount paid to the creditor, but also any fees associated with our service. Oh, and he was able to pay off this debt in less than 2 Years!
John saves over $7,000 in just the principal. NONE of the programs above can save you on the principal of what you owe!!!
Compared to Example A, John saves over $38,072.75 in principal and interest and doesn’t have to stress for the next 32 YEARS about how to pay off the debt.
Compared to Example B, John saves over $12,018.27 in principal and interest and eliminates his debt 2 YEARS sooner than other programs.
If you’re still not convinced the Cambridge Life Solutions debt negotiation program may help you eliminate your debt, then click the link below to see Actual Settlements received on behalf of our Cambridge Life Solutions Canada clients.
http://cambridgels.ca/Settlements.aspx
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