What is MyBudget?
MyBudget is a debt management service in which we formulate a financial plan and manage your ongoing budget with one easy payment.
Is it a loan?
No, we don’t continue the debt cycle. MyBudget manages you out of debt.
Why is it that you can manage my finances better than I can?
As third party financial counsellors, we have dealt with the same creditors year after year and are able to negotiate on your behalf lower payment schedules which they know will be repaid.
Will I lose control of my finances?
Absolutely Not. In fact you will have more control. Your MyBudget plan is a ‘live’ and dynamic budget. If you have an emergency come up or want to make a change to your budget you simply contact your account manager and your budget and payments are adjusted automatically.
How do I know I will have enough to live on?
During our preliminary planning, the very first thing we focus on are your living necessities. We feel your ongoing household needs play an important part of your satisfaction with the MyBudget plan. As those needs vary, we can alter your plan.
What if my expenses are greater than my income?
This is very common and we will negotiate with your creditors to obtain the lowest monthly payment obligation that fits within your family budget.
What if I get an unexpected bill?
Just send it to us and we will either use contingency savings set up for just this purpose or will re-juggle your budget to accommodate payment of the bill.
What bills can I include to be managed?
Any obligation you have should be brought to our attention. This includes private loans from parents and family, and one-off bills such as veterinary, car repairs, gap payments, as well as normal payments such as loans, credit cards, rent, electricity, etc.
Will bill collectors still call me and how do you help?
For the most part, your calls should stop as we contact your creditors and advise them we are managing your Financial obligation. If a collector does call, just give them our Toll Free Number and we will handle the rest.
Some companies promise to cut my bills in half.
Do you?
Beware of companies that promise these offers. Unless you are willing to enter into a Part 9 Bankruptcy agreement, which will hurt your long-term credit, no creditor is obligated to drop or cut what you owe. Creditors will listen to our counsellors because we present all of your financial data at one time. After fully understanding your financial position, they are more willing to accept a lower payment schedule. Through experience, they know if we are managing 100% of your finances, the payments will be consistent and reliable.
How will I know my bills are being paid?
You will still continue receiving statements from your creditors. Secondly, we send you a monthly progress report detailing all transactions made on your behalf.
How much does it cost?
Depending on the number of creditors and payments you have, we adjust our fees accordingly. We present our fees to you at the time we go through your new MyBudget Plan. For many of our clients, our fees are much less than the interest and late penalties they are incurring today. There are no obligations!
What is the benefit of using a MyBudget plan?
Financial Satisfaction – Many of our clients feel immediate satisfaction as we begin managing their budget and guiding them on their way to meet their financial goals.
Live & dynamic budget – Your budget is a ‘live’ budget, which means that as your situation changes, so does your budget, automatically and without you having to worry about it.
Make the right financial decisions – You will be able to make the right financial decisions while maintaining total control of your spending.
Does MyBudget offer me financial advice?
No. We are not financial advisers. We never offer or sell you financial product advice and we offer recommendations only in relation to your budget and repayment plan.
Click on the testimonials link below and see how we have helped people like you
Take the next step and get on top of your finances >Lets go!