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Debt Consolidation Program

A debt-free life is a stress-free life. Whatever the debt problem may be, our credit counsellors will work with you to find a debt solution that provides you with peace of mind.

What is a Debt Consolidation Program?

Debt consolidation is the process of combining two or more debts into one. The result is a single debt payment and lower total interest costs.

A Simple Plan 

A Debt Consolidation Program (DCP) involves your unsecured debt, which may include your credit card bills, lines of credit, unsecured loans – or any other debt that doesn’t require collateral, such as a home or car. Consolidating debt through a Debt Consolidation Program could be the answer to all your debt problems. It’s easy to manage because you’ve got a qualified credit counsellor handling the details, including:

  • A lower monthly payment your creditors agree to
  • Simple, monthly fund transfers by telephone banking, debit card, or money order
  • Placement of your funds in a secure (insured) trust account
  • Timely, automatic payments to creditors, with full tracking

 

Setting You Up For Success

In addition to this easy, personalized plan, your Debt Consolidation Program also includes having a friend on hand to explore your views about money and teach you new money management skills that can last a lifetime. You will discover how to:

  • Build a personal monthly budget and stick to it
  • Track and control spending
  • Set financial goals that you can reach
  • See money positively and learn how to make it work for you

Benefits of a Debt Consolidation Program

Look Forward to Brighter Days

  • Lower monthly payments you can afford, and consolidated debt that can usually be paid within 36 to 48 months
  • Reduced interest on your debt so you save money – often hundreds and even thousands of dollars over time
  • A simple monthly payment process managed by a qualified professional who sticks with you and teaches you how to take command of your finances
  • Avoiding bankruptcy, which severely limits your financial future

Take command of your money through a positive attitude and powerful tools!


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Program Benefits

Am I Eligible for a Debt Consolidation Program?

Debt help is available to anyone in Canada who is stressed about credit card bills, personal loans, payday loans, etc.

Everyone is Welcome

If your monthly debt payments – not counting mortgage or rent – are higher than 20 percent of your income, this is a sign that you could be in financial trouble. At Credit Canada Debt Solutions, we welcome anyone who needs advice on how to handle money and reduce or eliminate debt.

Our clients come from all walks of life and you are 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.

Once we understand your situation, you can either enrol into a Debt Consolidation Program, or we can help you through alternative measures that suit your finances, needs, hopes and dreams.

It's Not Complicated

Paying down debt through a Debt Consolidation Program might be something that suits you. It’s not a complicated process because you’ve got a qualified credit counsellor handling all the details. Your debts are consolidated into one low monthly payment. And your counsellor works with your creditors to reduce or waive the interest.

Meanwhile, a system is set up for convenient monthly payments that are fully secure and fully tracked. But these steps don’t tell the whole story about this debt solution. A Debt Consolidation Program offered through Credit Canada Debt Solutions also includes valuable financial advice and tools.

You acquire new money management skills that can last a lifetime. You discover how to create a personal monthly budget to control and track spending. You set financial goals that you can reach. And you learn to view money positively and to make it work for you.

What Will My Life Look Like On A Debt Consolidation Program?

Hopes & Dreams Realized

Credit counselling brings benefits that can affect your whole life. It can help you control your debt and teach you good money management skills – like how to budget, control spending, and reach goals. These would seem to be the most important benefits, but there are other things to consider – like long-term financial security for you and your loved ones, as well as your hopes and dreams in life.

  • Dreams like owning your own home, having nice things, and travelling to exotic places can come true
  • Hopes to put your kids through college, and retire in comfort can be realized 
  • Worry, anger and grief about money can disappear
  • Living comfortably and realizing your dreams are, in fact, the true benefits of credit counselling

It’s not just about crunching numbers. It’s about understanding why you treat money the way you do. It’s about becoming money wise and using financial tools that put you in control of your own destiny.

Hopes and Dreams Realized
A better family life

Eliminating Debt Just Makes Life Better

Solving debt troubles through a Debt Consolidation Program just makes life better. But you must have a real desire to improve your life through discipline. You will never be asked to pay more toward your debts than you can afford. But you have to stick to the program and make an honest effort to practice the money skills you learn through it.

If you are dedicated, all kinds of good things can happen. Your stress about money disappears. You start spending wisely and save. You strengthen your spirit by setting and achieving goals. Above all, your outlook about money becomes positive and you feel strong facing life day to day.

We’re not saying there won’t be any pain along the way. Clearing financial hurdles can take time. Getting rid of bad money habits takes work. But in the end it’s worth it. You come away on solid ground, ready to start building good credit and a future full of possibilities.

Get a Free Debt Assessment

It's easy! Just fill out the form below and one of our credit counselling experts will contact you to begin discussing your personalized debt management options.
Free Debt Assessment