Credit Card Debt Essentials

Many Canadians struggle to pay off their debts and reduce their credit card usage. Consolidated Credit Counseling Services of Canada, Inc. has created this Credit Card Debt section to help consumers learn more about credit card debt and their debt relief options.

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Self-Help Booklets

All About Credit
This basic ‘Credit 101' publication explores the pros and cons of using credit, provides a guide and calculation formula to help consumers find out how much credit they can afford, and offers advice on what elements should be considered before applying for a credit card, how to build a positive credit history, and existing credit rights.

We are a proud member of The Canadian Association of Credit Counselling Services (CACCS), the National Voice for Not-For-Profit Credit Counselling. As a CACCS member, you can trust that our Certified Credit counsellors and Financial Fitness Coaches will provide the best in professional, independent and unbiased personal financial expertise. We’ve helped over 500,000 people with their debts issues, call us today and see what we can do for you.
Call 1-800-656-3920
to speak with a counsellor today!

Consolidated Credit Counseling of Canada is proud to be a member and support the Toronto Board of Trade. Founded in 1845, the Toronto Board of Trade is Canada’s largest local chamber of commerce. We share their vision, passion and commitment to serving the community and to foster economic and social welfare of the City of Toronto. Call us today and see what we can do for you.

Call 1-800-656-3920
to speak with a counsellor today!

Consolidated Credit Counseling Services of Canada, Inc
has been verified as the owner or operator of the Web site located at www.consolidatedcredit.ca. Official records confirm Consolidated Credit Counseling Services of Canada, Inc as a valid business.
Call us today and see what we can do for you.

Call 1-800-656-3920
to speak with a counsellor today!

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We are proud members of the Ontario Association of Credit Counseling Services (OACCS). OACCS sets the standard of required expertise for the financial counseling industry and the only organization to offer the exclusive professional designation of Accredited Financial Counsellor Canada (AFCC). With over 500,000 people helped, you can be assured that we can find the right solution for you. Call us today.
Call 1-800-656-3920
to speak with a counsellor today!

Time tested and customer trusted. Consolidated Credit Counseling Services of Canada, Inc has been a BBB Accredited Business since 2008 and has a current A rating.
Call us today and see what we can do for you.

Call 1-800-656-3920
to speak with a counsellor today!

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	1) Are your debts making your home life unhappy?
	Yes No Sometimes You must answer all the questions
	2) Are you at or near your credit card limits?
	Yes No Sometimes You must answer all the questions
	3) Do you have a savings account?
	Yes No You must answer all the questions
	4) Do you have enough money set aside to pay for 3 months of expenses if you had an emergency?
	Yes No Close to 3 months You must answer all the questions
	5) Do you generally pay only the minimum due on credit card and/or loan balances?
	Yes No Sometimes You must answer all the questions
	6) Do you ever make unrealistic promises to your creditors?
	Yes No Sometimes You must answer all the questions
	7) Do you ever think of borrowing money to pay off your debts?
	Yes No Sometimes You must answer all the questions
	8) Do creditors call you regarding late payments?
	Yes No Sometimes You must answer all the questions
	9) Do you fear your employer, family, or friends will find out the magnitude of your debt?
	Yes No Sometimes You must answer all the questions
	10) Do you ever borrow money without giving sufficient thought to the interest rates you will have to pay?
	Yes No Sometimes You must answer all the questions
	11) Do you ever compose a strict plan for paying off your creditors, only to break it under pressure?
	Yes No Sometimes You must answer all the questions
	12) Have you ever taken cash advances from one credit card to make payments on other credit cards?
	Yes No Sometimes You must answer all the questions
	13) What is your current debt to income ratio? (To calculate your debt income ratio, take your total monthly take-home pay and substract your total monthly debt).
	20% or less 21% - 49% 50% or more You must answer all the questions