3 Platforms offering debt management solutions in Canada

By Delisha Fernandes

Given how often individuals use credit cards to make purchases, it’s easy to see how quickly debt can accumulate. What initiates as a seemingly small and manageable expense quickly escalates into a mountain of debt that becomes challenging to manage. Fortunately, there exist numerous platforms in Canada that offer effective debt management services.

These platforms provide comprehensive solutions, including financial education, tailored debt management plans, credit counselling, etc. With the following valuable platforms, Canadians can confidently face the challenge of handling their debts and take meaningful steps towards a brighter financial future.

Let’s look at 3 Platforms offering debt management solutions in Canada

ABLE Monitoring

ABLE Monitoring platform allows businesses to fully utilise their loan monitoring capabilities across different portfolios, such as retail, corporate, and SMEs. Lenders can leverage these capabilities to handle customer and client relationships more efficiently and profitably.

TurnKey Lender

TurnKey Lender is an established provider of ULM (Unified Lending Management) services and solutions on a global scale. Their all-in-one system simplifies the lending process by automating all aspects, from application processing and borrower evaluations to origination, financing, servicing, collection, reporting, compliance, and more.

YayPay

YayPay streamlines the procedure of managing accounts receivable for B2B finance teams by allowing them to stay ahead of the game and get paid faster, irrespective of their location. The platform integrates effectively with existing ERP, CRM, accounting, and billing systems, offering real-time data in user-friendly cloud-based dashboards providing complete visibility into AR.