Debt Settlement Loan

gRnr is proud to unveil to the Canadian public this rare and relatively new loan type, paired with a legal service.

How It Works:

Let’s say you are carrying a stack of debts and interest accumulation is getting out of control.

With debt settlement, a legal representative gets assigned to negotiate reductions of the debts, on your behalf.

gRnr immediately pays out the reduced settlement amounts, agreed upon with the creditors and you pay back this Debt Settlement Loan.

The Facts:

The sooner collection agents are offered ‘substantial’ funds, often the easier it is to settle for lower amounts, i.e. 20% of the debt or ‘20 cents on the dollar.’

Debt settlement is imperative for people carrying around big credit card balances and unpaid lines of credit, who wish to avoid Consumer Proposals, or creditor lawsuits and time in court.

Holding onto large debt loads for too long, weighs down your credit report and your credit score continues to suffer. The history of debt struggles is apparent when applying for a mortgage (harming your chances of approval - certainly with any A-lenders). Moreover, it may also affect your ability to rent housing, because in many Canadian jurisdictions, landlords can lawfully request a Credit Report (and frequently do). Even when applying for jobs, the Credit Report can be requested with your resume, serving as a record of how responsible you are. (We all may not agree with this, but it’s a common reality).

Debt Settlement also means you avoid consolidating all of your debts (including penalty interest); because such a large loan amount takes years of hefty payments to pay-off. (Instead, why not negotiate debt reduction when possible).

Summary:

A gRnr loan speeds up the Debt Settlement process and in doing so, means you avoid lawsuits, aggressive collectors and having to resort to either formal insolvency proceedings (i.e. Consumer Proposal), or a massive consolidation loan that will take the better part of your life to pay-off.

Debt Settlement Loan

gRnr is proud to unveil to the Canadian public this rare and relatively new loan type, paired with a Legal Service.

How it works:

First, let’s say you are carrying a stack of debts and interest accumulation is getting out of control. With Debt Settlement, a legal representative gets assigned to negotiate reductions of the debts, on your behalf. Then, gRnr immediately pays out the reduced settlement amounts, agreed upon with the creditors and you pay back this Debt Settlement Loan.

The facts:

The sooner collection agents are offered ‘substantial’ funds, often the easier it is to settle for lower amounts, i.e. 20% of the debt or 20 cents on the dollar. Debt settlement is imperative for people carrying around big credit card balances and unpaid lines of credit who wish to avoid Consumer Proposals or creditor lawsuits and time in court.

Moreover, holding onto large debt loads for long weighs down your credit report and your credit score continues to suffer. The history of debt struggles is apparent when applying for a mortgage (harming your chances of approval – certainly with any A-lenders). Next, it may also affect your ability to rent housing because in many Canadian jurisdictions, landlords can lawfully request a Credit Report (and frequently do). Equally important, when applying for jobs, the Credit Report can be requested with your resume, serving as a record of how responsible you are. (We all may not agree with this, but it’s a common reality).

Lastly, Debt Settlement also means you avoid consolidating all of your debts (including penalty interest); because such a large loan amount takes years of hefty payments to pay off. (Instead, why not negotiate debt reduction when possible).

Summary:

A loan from gRnr speeds up the Debt Settlement process and therefore you avoid lawsuits, aggressive collectors and having to resort to either formal insolvency proceedings (i.e. Consumer Proposal), or a massive consolidation loan that will take the better part of your life to pay off.

Introduction