ABDC: Absolute Budget & Debt Consultant Financial Services

Are you confused, unsure and lost when you consider your financial situation. At ABDC Credit Solutions Ltd., we understand the pressure and strain that comes when you realize your debt has become out of control.   We treat you with care and understanding.  Our trained consultants look at your individual financial situation and work with you to find the best solution to help you become debt free

We Can:

-Stop Collection Calls!
-Stop Legal Action.
-Stop Wage Garnishments.
-Stop Interest & Re-establish your Credit Action.
-Save your Assets!

We Offer:

- Free Credit Rebuilding / Improving
-Debts Consolidation 
-Consumer Proposal.(Refer to trustee)
-Bankruptcy (Refer to Trustee)
-Credit Counselling
-Student Loan Negotiation
-Reduce Or Eliminate Tax Debt
- Free Secured Credit Cards

Some Frequently Asked Questions

How can I stop creditors from harassing me?

You basically have 4 options available to you:

  • Debt Consolidation.
  • Negotiate settlement or new payment terms with creditors
  • File a Consumer Proposal
  • File for Bankruptcy
How can I stop a wage garnishment?
You A garnishee is a legal action that can be dealt with by:
  • Negotiation of an arrangement with your creditors
  • File a Consumer Proposal to stop the action
  • Make an assignment in bankruptcy
What if I can't pay my income tax?
Income tax debt is the same as any other debt and you have these options:
  • Negotiate payment terms
  • File a Consumer Proposal to settle the debt
  • File for Bankruptcy
My income has shrunk. How can I manage?
Changes in income are quite common. Here are some options to consider:
  • Budget counseling
  • Negotiate settlement or new payment terms with creditors
  • Filing a consumer proposal to reduce debt payments, or
  • If all else fails, making an assignment in bankruptcy
How can I stop spending my grocery money on bills?
When this happens you must consider your options quickly:
  • Prepare a realistic budget
  • Negotiate new terms of payment with your creditors
  • Consider a Consumer proposal to settle your bills
  • As a last resort, filing for personal bankruptcy may be your only option
Am I going to lose everything I own?
If you go bankrupt or make a consumer proposal certain items you own are exempt from seizure under provincial law. These exempted items vary from province to province but generally include:
  • Household goods
  • A car
  • Tools of the trade for your work
  • In some provinces, the equity in the home you own
How will personal bankruptcy affect my spouse and family?

In general terms, it is an individual that goes bankrupt and not a family. If your spouse has not co-signed for your debts they will not be affected by your bankruptcy except in determining family income available for payment to creditors.
We generally recommend that both spouses come to A.B.D.C to discuss their options together and to explore ways that they can work together to solve their financial difficulties.

Will my financial matters be kept private?

In the case of debt and budget counseling and informal arrangements and negotiations on your behalf with creditors, the information supplied to us remains confidential and will only be disclosed to others with your permission. In the case of you filing a Consumer Proposal or an Assignment in Bankruptcy, the Office of the Superintendent of Bankruptcy will maintain a record. In most cases there won't be any ad published in the local newspaper.


Contact Us For A Free Consultation

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Informal Consumer Proposals

The process allows a debtor and/or their representative to negotiate directly with a creditor to reach a settlement to repay back a portion of what is owed.

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Corporate Debt Restructuring

Is your company having difficulty meeting its supplier obligations?  Is cash tight on a regular basis.   We can look at your situation and provide you with options, whether is refinancing, settlement of debts through a proposal.

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Debt Consolidation

Debt consolidation entails taking out one loan to pay off many others.  This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. 

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Consumer Proposal

A Consumer Proposal is an option for debt settlement. This legal process allows you to modify your payments to creditors by extending the time for payment or reducing the total amount to be paid as well as ongoing interest.

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Bankruptcy (Personal & Business)

Bankruptcy is a legal process whereby a person or an incorporated business cannot repay the debts it owes to creditors and assigns itself into bankruptcy.

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Rebuild Bad Credit

EASY and FREE ways to improve your Credit Score fast brought to you by ABDC Credit Solution services. Increase your Credit Score fast!! Credit Repair. Credit Improvement. Helpful tips. Fix bad credit. Build credit. New credit. Increase credit score fast!! 

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Debt Consolidation

Debt consolidation entails taking out one loan to pay off many others.  This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.  Most debt consolidation loans allow you to borrow money against the value of your home's appraised value to consolidate your debts into one monthly payment and get out of debt quickly.

List of the various types of debt consolidation loans:

Home Equity Loans: By borrowing against the value of your home minus any previous mortgages, a home equity loan provides you with a fixed amount of money over a fixed amount of time usually at a fixed rate.
Home Equity Line of Credit:. Allows you to borrow money against the value of your home minus any previous mortgages up to a pre-approved credit limit with variable interest rates.
Second Mortgage Loans: As the name suggests,a second mortgage loan involves taking out a second mortgage on the appraised value of your home in order to free up cash to pay off your debts.


NEED A FRESH START!! Bankruptcy is not the only solution

We Don't Work for Creditors, We Work For You!

Call us today for free confidential consultation

Get In Touch

It's Never too late to be debt free
7368 Yonge St.,# 301B 
Thornhill, ON, L4J 8H9 
Direct Phone: 416-830-3414 
Main Line: 905-597-ABDC(2232) 
Main Fax : 905-597-2260 
Toll Free: 1-888-225-4746