Secured Debt Help in Canada
If you’re feeling overwhelmed by mortgage payments, auto loans, or other secured financial obligations, you’re in the right place. Our goal is to provide you with the insights and tools you need to regain control of your finances, explore relief options, and pave the way to financial stability. Let’s navigate the world of secured debt together, taking the first step toward a debt-free future.
Safe, secure & confidential
Safe, secure & confidential
Finding your way through secured debt
Tackling secured debt can be tough, and we get how stressful it can be. Whether it’s your mortgage, car loan, or any other financial obligation, it can feel like a heavy burden. The worry of making those monthly payments and the fear of losing your home or vehicle can be overwhelming.
A consumer proposal or bankruptcy deals with your unsecured debts. Secured debts, such as a mortgage or car loan, continue unless you surrender the asset. But dealing with your other debts can free up money to help you keep up those payments.
We’ve helped countless people deal with all kinds of debt for many years. Your financial well-being is crucial to us, and we’re here to support you every step of the way.
Take the first step towards financial independence – give our team a call today.
Get secured debt help - it’s a simple process
We’ll take the time to understand your situation without judgment. You can talk about your concerns, your income, and the details of your secured debt, like who you owe money to and how much. Rest assured, our conversations are always confidential.
Once we know your situation, we’ll explore the choices you have for dealing with your secured debt. Together, we’ll look at all the ways to find relief, focusing only on the options that you feel comfortable with. Your well-being is our top priority, and we won’t rush or pressure you into making any decisions.
Ready to take the next steps? We’ll start your customized plan. Our main goal is your financial freedom, and we’ll be here to support you every step of the way.
Example Savings With Harris & Partners Debt Relief
Your Potential Debts:
Your monthly repayments over a 60-month period would be
Before Help
$1409
After Help
$210
Illustration only. Actual payments depend on your income, assets and creditor acceptance.
How Much Could I Save?The six signs of mounting secured debt
If you’re concerned that you or someone you care about is struggling with mounting secured debt, here are some key indicators to watch for:
Sign 1. Extra lines of credit
Using credit cards, loans, or other forms of credit to cover regular secured debt payments is a big indicator of deeper financial challenges.
Sign 2. Avoidance
Avoiding talks about secured debts or financial matters may be a sign of underlying financial difficulties.
Sign 3. Missing payments
As the pressure of secured debt increases, you might find yourself tempted to prioritize other bills or even skip secured debt payments to manage other financial obligations.
Sign 4. Mental health
Experiencing heightened anxiety, stress, or an overwhelming weight on your shoulders? Secured debt can significantly impact your mental health.
Sign 5. A change in relationships
Feelings of shame and stress can strain relationships. Instead of letting debt drive a wedge between you and loved ones, consider seeking support and guidance.
Sign 6. A domino effect
A sudden change in income, an illness, or unexpected events can trigger a chain reaction of secured debt issues. Don’t wait for them to escalate; take action proactively.
Browse debt options in Canada
Why choose us for consumer proposals in Ontario?
Our Licensed Insolvency Trustees can provide a customised consumer proposal that could shrink your debt by up to 80%.
Our multilingual team offers debt support in Farsi, Portuguese, Italian, Tamil, and more, so you can feel comfortable every step of the way.
With offices in nine provinces, we offer in-person debt support across Canada—from Atlantic provinces to Ontario to British Columbia.
Our Licensed Insolvency Trustees are here to help you
Our experienced Licensed Insolvency Trustees are ready to support you in managing your secured debt. They’re your partners in helping you regain your financial peace. You don’t have to navigate the complexities of secured debt alone. We’ll work closely with you, creating personalized plans and providing unwavering support every step of the way.
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![Jay harris]( "Jay-150×150-1.png")
Jay T. HarrisFCPA, CIRP, LITLicensed Insolvency Trustee -
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Kyle HarrisLL.B., CIRP, LITLicensed Insolvency Trustee -
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Adam FisherCPA, CIRP, LITLicensed Insolvency Trustee -
![Joshua Harris]( "josh-NEW")
Joshua HarrisBCOMM., MIB, CIRP, LITLicensed Insolvency Trustee -
![advisor]( "circle-cropped-150×150-1")
David AdamsLicensed Insolvency Trustee -
![doug]( "doug-1.jpg (1)")
Doug LoiselleLicensed Insolvency Trustee -
![Rob McLernon]( "zz")
Robert McLernonBComm, CIRP, LITLicensed Insolvency Trustee -
![shelley]( "1050_Shelley_Koehli.jpg")
Shelley KoehliLicensed Insolvency Trustee -
![big-Picture]( "big-Picture1 (1)")
Jill StruebyLicensed Insolvency Trustee
Secured Debt Relief FAQs
What is secured debt?
Secured debt uses valuable assets like your house, car, or boat as collateral. If you default on the loan, the lender can seize and sell the asset to recoup the debt.
What are the advantages of secured debt?
Some advantages of secured debt include:
- Lower interest rates: Secured loans typically offer lower interest rates than unsecured loans due to the lower risk for the lender.
- Higher borrowing limits: You may qualify for larger loan amounts with secured debt due to the collateral involved.
- Improved credit score: Making timely payments on secured debt can help build your credit score.
What are common types of secured debt?
Common types of secured debt include:
- Mortgages: Used to finance the purchase of a home.
- Auto loans: Used to finance the purchase of a car.
- Home equity loans/lines of credit: Use the equity in your home as collateral to borrow money.
Should I consolidate my unsecured debt into a secured loan?
You could consider consolidating your unsecured debt into a secured loan if:
- You have high-interest unsecured debt: Replacing it with a secured loan with a lower rate can save money.
- You can afford the monthly payments: Consolidating might increase the payment amount, so ensure you can handle it.
- You have good credit and valuable collateral: This helps secure a favorable interest rate.
Before consolidating into a secured loan, you need to be sure that it’s the right choice for you. Give our team a call and we will work with you to find the best debt solution for your specific situation. If a consolidation loan could work for you, we’ll explain what to look for before you approach a lender.
Take your first step to financial freedom
Dealing with secured debt can feel overwhelming, but it doesn’t have to control your future. We know that taking the first step can be tough, but reaching out to our team can be the key to a brighter financial future. Together, we’ll create a personalized plan to help you become debt-free and financially secure. Your financial well-being is important to us, and we’re here to assist you every step of the way.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca
Contact form
Where you can find our secured debt relief services in Canada
No matter where you live in Canada, our secured debt relief services are always nearby. We understand how stressful it can be to deal with secured debts – our local teams have the experience and knowledge needed to help you find the best solutions.