Toronto Credit Counseling Firm Helps Record Number of Students Avoid Debt Crisis

(Newswire.net — December 24, 2015) Brampton, Ontario — Arvinder Kalsey, of Business Solutions and Credit Counselling Services (BSCC) in Ontario is pleased to announce that in the past year nationwide they have helped a record number of students pay off or dramatically reduce their student loans. According to him, the growth in numbers can be attributed to a strategy shift. Over time, the company has come to understand that young Canadians who go to university have to take a loan in order to pay for their education and many are having a hard time paying it back. According to Arvinder, “Our young people are starting their adult lives with more debt than ever. When they get jobs they have to commit a large portion of their salaries to pay off student debt. As a result, many cannot invest in things that they need to get a good start in life such as homes and cars. That is why we created a division that is dedicated purely to helping students pay off student loan debt.”

Student loan debts are a big problem in Canada. In fact, Canada has one of the highest rates of student loan debt. The problem is compounded by the fact that entry level jobs hardly pay enough for young people to service their loan debts and maintain a good standard of living. In fact, many young people are now being forced to declare bankruptcy. BSCC, which has been helping Canadians with debt for more than 15+ years, is now working with more students to help them pay back their loans at a rate that they can afford and even have part of the amount forgiven. They have recruited the top professionals in the industry who are available to assess the financial situation of every student who uses their services and find solutions that work.

Their aim is to design payment schedules that work for each of their clients depending on how much money they are making, how much they need to survive every month and how much they can afford to pay back to the Canada Revenue Agency. The experts come up with an amount that is acceptable to both the students and the CRA. The professionals at BSCC also understand that young people may not know how to save money; they offer advice on what they should be doing in order to have money left over that they can save for the future. They will, for instance, look at daily living expenses and advice on where clients can cut costs.

You don’t have to live a stressful life because you took out a student loan that you are having trouble paying back. In fact, you don’t have to consider bankruptcy as an option when Business Solutions and Credit Counselling Services can help you pay your loan. You can find out more by calling them on 905-789-8984 or visiting their website, http://www.bscc.ca