Debt Free®

The Debt Solutions People®

FAQs: Credit & Debt

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Debt Relief in Edmonton

When you have debts that you can’t repay, life can seem confusing, stressful, and overwhelming. A.C. Waring & Associates provides solutions that may help you regain control over your finances and live your life debt-free. Have a look at the following frequently asked questions to learn more.

How Can You Help Me Deal With My Debt?

A.C. Waring & Associates provides a full range of debt solutions to handle wage garnishments, repossessions, collection notices, foreclosure issues, and lawsuits, depending on your situation. We’ll help you understand what your options are as you work to rebuild your credit.

Your credit score is a measurement of the potential risk that you represent to lenders. A high score means that you are low risk. A low score means that you are high risk. You “earn” your score based on whether or not you pay your debts on time.

There are a few different ranges that your credit score can fall into:

  • 300–579: Poor
  • 580–669: Fair
  • 670–739: Good
  • 740–799: Very Good
  • 800–900: Excellent

Your credit score is a numerical value representing the potential risk of lending to you, while your credit rating is a lender’s assessment of your history with them. Your credit rating is assigned both a letter (indicating the type of credit used) and a number (indicating how promptly you paid off the debt). The letters used are as follows:

  • I (Instalment)
  • O (Open line of credit)
  • R (Revolving credit)

The numbers next to the letters range from 1–9. Having 1 indicates that you always pay on time and 9 indicates a bad debt or an account that has gone to collection.

Your credit report contains all of your personal information (date of birth, social insurance number, addresses, employment details, etc.) and other facts pertaining to your credit history. This includes transactions from credit card companies, cell phone companies, banks, and any other lenders with whom you’ve had an account.

Where To Find Us

Find us in the First Edmonton Place building on the corner of Jasper Avenue and 107th Street, behind the Corona LRT Station. Street meter parking is available along Jasper Avenue as well as 106th and 107th Streets, and paid surface parking is off of 106th Street, and underground parking for First Edmonton Place is off of 107th Street.

A.C. Waring &
Associates Inc.

  • First Edmonton Place
    410-10655 Jasper Ave NW
  • Edmonton, AB T5J 3S9

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Filing for Bankruptcy: The Pros and Cons

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Dealing with overwhelming financial responsibilities can be a significant cause of stress and hardship. When you have significant debt and do not know where to turn, you may have considered bankruptcy. This is the legal proceeding where most, or all, of a person’s debts are dissolved with the help of a Licensed Insolvency Trustee, allowing […]

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May 16, 2024
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Losing a loved one is always difficult, and it can be even harder when you have to handle their finances. If you are their power of attorney (POA) while they are still alive, you could be responsible for managing various debts such as utility bills, subscriptions, taxes (personal and property), credit cards, loans, and mortgages. As the […]

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How To Deal With Overwhelming Credit Card Debt

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Credit cards help cover costs in advance—they do not provide free money. They are a loan that requires repayment within the credit agency timelines, which many people can struggle with.   If you are struggling to pull yourself out of credit card debt, there are strategies you can use to take control of your situation, including […]

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January 10, 2024
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Bankruptcy document with wooden gavel and an empty wallet

Dealing with overwhelming financial responsibilities can be a significant cause of stress and hardship. When you have significant debt and do not know where to turn, you may have considered bankruptcy. This is the legal proceeding where most, or all, of a person’s debts are dissolved with the help of a Licensed Insolvency Trustee, allowing […]

Read More…

A close-up of a person signing a power of attorney document.

Losing a loved one is always difficult, and it can be even harder when you have to handle their finances. If you are their power of attorney (POA) while they are still alive, you could be responsible for managing various debts such as utility bills, subscriptions, taxes (personal and property), credit cards, loans, and mortgages. As the […]

Read More…

Credit cards help cover costs in advance—they do not provide free money. They are a loan that requires repayment within the credit agency timelines, which many people can struggle with.   If you are struggling to pull yourself out of credit card debt, there are strategies you can use to take control of your situation, including […]

Read More…

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