Debtout.ca a True Hero for Debt Strapped Canadians

Calgary, Canada, November 16, 2012 --(PR.com)-- The debt settlement agency Debt Out . Ca debuts this week as Canada’s newest debt settlement solution for Canadians.

Debt Out was created by CEO Sheldon Wolf, the financial and credit industry guru responsible for creating Canada Credit Fix and Zang Connect.

With over 20 years of experience in the financial, credit and real estate industry, Sheldon Wolf is one of the foremost experts in the field of personal finance and debt. Sheldon Wolf has penned several books on the subjects of credit repair, debts and debt settlement and spends a large portion of his time lecturing, educating and instructing the topic of fiscal awareness to his fellow Canadians. Sheldon is also on the board of directors for the Credit Institute of Canada. With his wealth of experience, his credentials and his tireless advocacy on behalf of Canadians with credit issues.

Debt Out was created to provide the debt settlement solutions that will hopefully draw down the number of Canadian consumers filing needless bankruptcies. Debt Out is a debt settlement agency, providing their clients with debt settlement solutions regardless of their particular debt or credit problems.

Debt Out is a licensed corporation and is also registered with Industry Canada. They are also long time certified members of the International Association of Professional Debt Arbitrators (IAPDA). Debt Out has industry leading certification and training for its debt settlement agents, a step up from many debt settlement firms whom some have no certification at all. Debt Out is also a member of the the Better Business Bureau holding an impressive “A” rating.

Debt Out does not just settle their client’s debts. They are also able to handle foreclosure mitigation, settlement of deficiency judgements, tax amnesty and credit restoration. Debt Out has found that many of their clients have issues with mortgages and late due payments on their houses, and during hard times the loss of people’s homes has the most devastating impact on their credit report. It is Debt Out’s mission to help prevent people from having their most important assets such as their homes removed from their possession. Debt Out wants to keep people in their homes and will negotiate on their client’s behalf to do so, protecting their clients from common foreclosure problems and even unethical foreclosure practices.

Debt Out provides its clients with options on how to settle their unsecured and unpaid debts. They offer to negotiate their debts in two ways. The first is in a standard monthly payment schedule with the client’s collectors. The other option is to offer a lump sum payment to the creditors in order to finish the debt quickly. Both methods offer to reduce the amount of debt owed by the client by 30 to 50% of the original debt owed! Debt Out likes to train their clients to be realistic and explains that every file and every situation is different and may be settled with different strategies. Almost always the debts can be discounted and relationships between the consumer and the creditor can be salvaged. Debt Out is all about educating consumers to own up to the real outstanding principal debt while navigating a fair and realistic strategy.

Debt Out can be found online at www.DebtOut.ca, where clients can apply in real time and be responded to within minutes of their application for a free consultation.