Question: Will a Debt Management company get me out of debt?
Truth: Yes, but they have very hight administration fees and your credit will most likely get ruined.
Debt Management companies are growing faster than grass in june. With more than one third of Canadian’s in debt the industry is growing exponetially. These companies basically take a monthly paymnet from you and distribute it amongst your creditors. This is not a loan and usually carries heavy upfront fees.
Debt Management conpanies are not regulated and may leave you in more debt then when you started. So be carefull.