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Debt Management: Your Guide to Effective Debt Solutions

What is debt management?

Debt management help comes in many different shapes and sizes. If you've found yourself in debt, we've got good news. There are plenty of options available to you and you’ve come to the right place, because much of what you need to know about debt management in Canada is right here.

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Reduce Debt Problems Through Debt Management

Most money problems involve credit card debt, personal loans, and other forms of unsecured debt that can be very difficult to manage on your own.

We've got answers...

Is credit card debt getting you down? Maybe you’re way behind on your payments for a personal loan, or perhaps a payday loan has you worried. Whatever your debt problem is, there are a number of steps you can take to reduce or eliminate debt.

Debt management help includes everything from debt consolidation loans and debt consolidation programs, to consumer proposals and the dreaded "last resort" – bankruptcy. All of these options – including credit counselling and debt consolidation programs – are discussed here on this website.

What's important to know is that you can get debt management help and become debt free.


Two people considering their debt management options


How Do I know If I Need Debt Help?

We know it's not fun, but you may need to face some bad money habits that are leading you into debt management problems. Do any of these signs sound familiar to you?

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Credit Misuse

Using credit because you don’t have enough cash and paying only the minimum monthly payment.

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Stalling One Creditor To Pay Another

This is a balancing act no one can maintain.

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Overcharging & Underpaying

Charging more on your credit cards than you pay back month-to-month.

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Cash Advance Game

Using a cash advance from one creditor to pay another? Tricky, tricky!

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Branch Hopping

Applying for a second or third Visa or Mastercard at another branch, bank or credit union.

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Habitual Credit Increaser

Continually asking for increased spending limits on credit cards.

Debt Management Through a Debt Consolidation Program

It's a Simple Debt Management Plan to Handle Your Debt Problems and Free You of Worry!

A Debt Consolidation Program (DCP) is a method of debt management that allows you to consolidate your debt into one affordable monthly payment. You're relieved of stress and you save money on interest, too!

The program addresses unsecured debt, which can include credit card bills, lines of credit, unsecured loans, or any other debt that doesn’t require collateral (like a car or a home). To get set up with a Debt Consolidation Program, you will need to book a free credit counselling session with a certified Credit Counsellor.

During this appointment, your certified Credit Counsellor will:

  • Review your financial situation and develop a repayment plan based on your current income and expenses.
  • Negotiate with your creditors to arrange a single, lower monthly payment and waive or reduce the interest on your debt.
  • Conduct regular financial reviews to help you budget and guide you towards the successful completion of the program.

Click here to learn more about our debt management program.


Person recieving credit counselling for debt management


Take Our Debt Assessment Quiz

Are you in debt but not sure how to tackle it? Answer four easy questions and voila! You’ll have your own personalized free assessment and get all your debt relief options. Results are completely confidential and you'll know where you stand financially and what steps to take next.

Take the Quiz

Client Reviews

Not all debt management companies are created equal. Credit Canada is a non-profit debt management agency that has helped more than two million Canadians get out of debt through a debt management plan. See how we've turned these people’s finances  – and lives – around and helped them become debt free!

A few years ago I had some debt issues and approached Credit Canada and Randolph Taylor for some help with consolidation. Randolph was very informative of all of my options and what course of action we should take. He took the time to explain all options and made feel like everything was going to be ok. At first I was very nervous to seek out any help but with Randolph's help and kind nature everything got resolved in a timely and professional manner. I would highly recommend Credit Canada and Randolph Taylor to anyone feeling the burden of debt. Since clearing up all of my debt a few issues came to light and when feeling overwhelmed I contacted Randolph and he helped me to figure everything out and has always been open to any follow up questions. I really appreciate everything Credit Canada and Randolph Taylor have done for me.

- Tyler Webster

Debt sucks, and it often feels insurmountable. It's so much easier to deal with when there is someone to help guide you through it. Credit Canada has helped so much, and I couldn't have done it without them. There's a one time, nominal service fee, and that's it. For the quality of service I've received and peace of mind I feel, I can say it's a huge bargain and soooo worth it. Right off the bat, I felt comfortable and reassured. My counselor, Randolph Taylor, has been consistently helpful and accommodating. It's such a relief to have someone in your corner to help you get you past the goal post.

- Martine Saldsman

I'm glad I discovered Credit Canada Debt Solutions. Four years ago I had an ever increasing high interest debt load that had gotten out of hand and was causing me stress and concern, as I didn't know where to begin, and then the phone calls started. Upon contacting Credit Canada I was connected with Randolph Taylor who was very understanding, professional and a calming influence. His expertise and experience soon had me on the way to becoming debt free, without further harassment from creditors and with a program that I was comfortable with. I highly recommend Credit Canada for your debt solutions. The service was excellent.

- M. Hamilton

Get out of debt. Get back into life.

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.