Does your debt problem seem too overwhelming to handle on your own? Are credit card bills piling up and debt collectors keeping you up? Credit Canada’s free credit counselling services offer direct access to a certified Credit Counsellor who can provide free debt counselling with personalized debt relief options.
Credit counsellors are experts at finding solutions to even the most difficult financial situations. How do they do it? Let’s take a look.
A Credit Counsellor will take a look at your current financial situation and determine the full scope of the problem.
Every debt solution is different. Your Credit Counsellor can help you map the best route forward.
Get help creating a household budget that works for you, your family, and your income.
Your Credit Counsellor will first take a look at your current financial situation to determine the full scope of the problem. This assessment includes looking at your current income, expenses, debts, and assets.
Your Credit Counsellor can walk you through the process of gathering your financial information and adding it up, so you’re looking at the reality of your financial situation – and rest assured, your Credit Counsellor won’t let you panic at the size of the problem. Instead, they will immediately help you start forming a plan that begins to address the problem right away.
You’ll walk away from the financial assessment feeling a sense of control. You’ll know what the problem is, and you’ll know how to fix it. You’ll even know when you’ll be debt-free – and you’ll finally be able to believe it’s possible, because it is.
Every debt solution is different. That's one reason why we don’t recommend tackling debt on your own. Without experience, it’s very difficult to know where to start and who to turn to.
Our counsellors will help determine whether your best first step is enrolling into a Debt Consolidation Program, paying off a few of your smaller debts, negotiating with your creditors, or something else entirely, such as:
Your Credit Counsellor will explain their best recommendations for you, given your financial situation, and you’ll know all the reasons why each solution could work. Your Counsellor will also answer any questions regarding any of your options, so you can make an informed decision about what you’d like to do next.
Once you feel you’ve regained control over your most immediate and pressing financial problems, your Credit Counsellor will help you learn the basics of sound money management, which helps you continue on the path towards financial freedom – and gives you a solid foundation to avoid debt in the future.
Our Credit Counsellors are here to help make sure that whatever led you into debt problems never becomes an issue again. They’re here to teach you money management skills that will help you for a lifetime.
Some people get into debt problems for reasons that are utterly beyond their control. For the most part, the cause of serious debt issues is simply that people aren't given the right tools for smart money management.
Most people have never been taught how to create and stick to a budget. Very few have been taught why and how to build savings or create a safety net. And almost no one has actually calculated the true cost of owning and using a credit card when you intend to carry a balance.
Your Credit Counsellor will assist you in creating a household budget that works for you, your family, and your income, including setting aside money for your debts and for your future. We’ll talk about your goals in life, as well as your priorities for the future, and we’ll show you how your current income can support those goals with a little planning and strategizing.
You’ll also learn how to encourage yourself to keep moving forward, even when it’s difficult. There's immense reward for doing so, and our job is to help you keep your eye on the prize so you can enjoy a debt-free, fulfilling life.
Here are a few telltale signs that you may be mishandling your money and would benefit from credit counselling.
Using credit because you don’t have cash on hand and paying only the monthly minimum payment.
Using a cash advance from one creditor to pay another creditor.
Requesting an increase on spending limits on credit cards, overdrafts, etc.
Taking add-on loans or consolidation loans while continuing to use your credit cards.
Borrowing from a friend or family member just to make ends meet each month.
Applying for a second Visa or Mastercard at another branch.
This has never been easier! Canadian debt counselling agencies are easy to find, but it is key to look closely at any agency before choosing one to work with. Use the following as a guideline to helping you choose a financial debt counselling partner wisely:
Our not-for-profit credit counselling agency, Credit Canada Debt Solutions, is a well-known financial leader. In fact, we've spent more than 50 years helping thousands of people with debt problems by using financial debt counselling to teach them how to manage difficult financial situations and move past them.
All of our counsellors are highly trained and certified. We are a trusted member of Credit Counselling Canada, and we're proud to have won the Consumer Choice Award for Credit and Debt Counselling Services 10 years in a row.
Credit counselling helps in any situation involving out-of-control debt problems. The general rule is if your monthly debt payments – not counting mortgage or rent – exceed 20% of your income, you're headed into trouble and you should speak to an expert. Debt help is available to anyone stressed about credit card bills, personal loans, payday loans, or any other kind of debt that isn’t backed by collateral (like a house or car).
At Credit Canada Debt Solutions, we welcome anyone who needs advice on how to handle money and reduce or eliminate debt. You're eligible for help regardless of your income level or employment status. There’s no pressure or judgment. And everything we do for you is confidential.
Most importantly, you’ll have a bright future. You’ll know how to avoid financial troubles moving forward. You’ll know how to manage your money successfully and wisely. You’ll be able to create a safety net that protects you from future unexpected problems.
And all along your path to financial freedom, you’ll have someone who will encourage you, support you, provide you with the information and tools you need, and be your biggest cheerleader whenever you achieve even the smallest milestone.
To speak to someone right now, call: 1 (800) 267-2272
Or, request a callback from one of our certified credit counsellors. It's free.