Canadian Debt Solutions Referral Program
Thank you for your interest in Canadian Debt Solutions client referral program. We think you’ll enjoy the incentives we’ve put together and we look forward to establishing a long-term relationship with all of our referral sources.
The goal of the referral program is to offer your clients, family members, or friends a resolution to their financial problems, as well as, create a source of income for you.
The program is quite simple and works like this;
For every qualified client, family member, or friend you refer to Canadian Debt Solutions you’ll receive compensation based on the type of program that the client has chosen. Below is a breakdown of each program and the compensation offered for each completed referral.
Debt Management Program:
A debt management program is a voluntary debt repayment program that offers clients an options to repay their debt with little to no interest accumulating. Each creditor will review the client’s situation and determine what level of interest relief they are willing to grant.
For debt levels of $4,999.99 or less the compensation is $0.00
For debt levels of $5,000.00 – $14,999.99 the compensation is $100.00
For debt levels of $15,000.00 – $29,999.99 the compensation is $200.00
For debt levels of $30,000.00 or higher the compensation is $300.00
A qualified client is an individual who has signed up, has successfully completed the proposal stages and has been approved by the creditors.
This proposal is a formal offer to creditors to pay a certain amount each month until the proposal is paid in full. A consumer proposal is similar to a debt management program, however, with a consumer proposal we do not need to have every creditor accept in order for the proposal to pass. With a consumer proposal we only need 50.1% of the dollars owed to accept and everyone would be legally bound to it.
The compensation for a consumer proposal is $250.00 per qualified client.
A qualified client is an individual who has signed up, completed all requirements of the proposal and has been approved by the creditors.
A debt settlement is a situation where a client has a lump sum of money available to them and wishes us to approach their creditors to settle their debt with the available funds. In this situation the client typically needs approximately 50% of the amount they currently owe in order to be successful with this type of consolidation.
The compensation for this program is 25% of the total retainer collected.
A qualified client is an individual who has signed up, has provided all of the necessary documents needed to settle the debt and the settlement has been approved by the creditors.
There is no compensation for an individual that declares bankruptcy.
For more information about the referral program please contact us
To sign up for our referral program please click here