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A Debt Consolidation Program with Credit Canada also includes having a certified Credit Counsellor on your side, who’s like a friend who just happens to be a financial expert! Together, you’ll explore your attitudes about money while you learn simple money management skills that can last a lifetime. You'll discover how to:
How much money could you save in a Debt Consolidation Program versus managing debt on your own? Check out our Debt Consolidation Calculator to find out now!
If your monthly debt payments – not including your mortgage or rent – are higher than 20% of your income, this is a sign that you could be in financial trouble. At Credit Canada Debt Solutions, we welcome anyone in Canada who needs advice on how to best handle their money and reduce or eliminate debt to experience true debt relief.
Our clients come from all walks of life and are eligible for help, regardless of their income level or employment status. There’s no pressure or judgment and everything we do for you is confidential.
Once we understand your full financial situation, you can either enroll into a Debt Consolidation Program or we can help you explore alternative solutions, like securing a debt consolidation loan that will suit your unique financial situation, needs, hopes, and dreams.
A debt consolidation loan is a money management tool that allows you to combine or consolidate your unsecured debt into a single loan from a single lender—helping you experience faster debt relief by gathering the combined sum of your unsecured debt into a single loan with a set interest rate.
Should you sign up for a Debt Consolidation Program, or take out a debt consolidation loan? Should you consider a consumer proposal, or just manage your debt on your own? Take our free Debt Assessment Quiz to find out. It’s just four simple questions but the results could change your financial future!
Paying down debt through a Debt Consolidation Program might be something that works for you. It’s not a complicated process because you’ll have a certified Credit Counsellor handling all the details for you every step of the way. And, by only having to make one monthly payment, life gets a whole lot easier!
And that’s not all. A Debt Consolidation Program offered through Credit Canada Debt Solutions also includes valuable financial advice and tools.
Ready to reduce or eliminate debt? Start your journey towards debt relief today! Our Credit Counsellors will give you everything you need to set yourself up for a bright financial future.
Credit counselling through our Debt Consolidation Program brings benefits that can impact your entire life. It can help you control your debt and teach you good money management skills – like how to budget, control spending, and reach goals. You’ll also learn how to achieve long-term financial security for you and your loved ones, as well as accomplish your hopes and dreams in life, such as:
A debt management plan is not just about crunching numbers. It’s about understanding why you treat money the way you do. It’s about becoming moneywise, working on your financial wellness, and using financial tools that can put you in control of your own destiny.
Debt consolidation is the process of combining multiple debts into one. There are a variety of debt consolidation options.
There are a variety of debt consolidation options, including a credit card balance transfer, a debt consolidation loan, a home equity loan, or a Debt Consolidation Program (DCP). Each can be used as help paying off debt.qw
A Debt Consolidation Program is an arrangement between you and your creditors facilitated by a non-profit credit counselling agency that works on your behalf. The debt consolidation services agency will negotiate with your creditors to reduce or stop the interest on your individual debts, and then roll all your debts into one lower monthly payment.
Yes, you can sign up for a Debt Consolidation Program even if you have bad credit. Your credit score will not impact your ability to get debt help through a Debt Consolidation Program. Bad credit can, however, impact your ability to get a debt consolidation loan.
Debt consolidation services and solutions vary depending on each individual’s unique financial situation. However, Debt Consolidation Programs can be completed within 2-4 years. Most clients can often complete the program and be debt-free in 3 years.
If you enter a Debt Consolidation Program, you will have to refrain from using credit, which includes credit cards; however, you can still use a secured credit card. Once you’ve successfully completed the program, you may be eligible for an unsecured credit card.
No. Once you’ve signed up for a Debt Consolidation Program, your Credit Counsellor will ensure that all collection calls and letters stop.
Most people entering a Debt Consolidation Program already have a low credit score. While a Program could lower your credit score at first, in the long run, if you keep up with the Program and make your monthly payments on time as agreed, your credit score will eventually improve.
A reputable non-profit debt relief organization will charge a minimal, monthly maintenance fee that will be included in your monthly payment, which will be lower than what you’re currently paying. The money you save on a Debt Consolidation Program far outweighs these fees.
Everyone’s financial situation is unique; however a Debt Consolidation Program will not be as harmful to your credit as with a consumer proposal, nor will it jeopardize any of your belongings as with a bankruptcy. You’ll also gain money management skills that can help you for the long-term and avoid debt in the future.
Credit Canada is a non-profit credit counselling agency with more than 50 years of experience helping Canadians find debt relief. We can help you too. Give us a call at 1.800.267.2272 to book a free counselling session with one of our certified Credit Counsellors or fill out our Debt Assessment form online to discuss your options!
Anyone who signs up for a Debt Consolidation Program must sign an agreement; however, it's completely voluntary and any time a client wants to leave the Program they can. Once a client has left the Program, they will have to deal with their creditors and collectors directly, and if their Counsellor negotiated interest relief and lower monthly payments, in most cases, these would no longer be an option for the client.
Now, all you need to do is fill out the form below and one of our credit counselling experts will contact you to begin discussing your personalized debt relief options, including our Debt Consolidation Program, one of the best debt consolidation programs in the country.
Credit Canada has over 50 years of service, and we’ve helped more than 2 million Canadians resolve over $350 million in debt. We look forward to helping you too!
