Examples of debt management solutions include:
Debt Consolidation Loans: Combining multiple debts into a single loan with a lower interest rate.
Debt Settlement: Negotiating with creditors to reduce the overall debt owed.
Credit Counseling: Receiving advice and support from accredited professionals to manage debt more effectively.
Consumer Proposals: Offering a legally binding agreement to pay creditors a percentage of what is owed to them or extend the time to pay off the debts.
Bankruptcy: Legally declaring inability to pay off debts, providing relief from most of the debts owed.