Credit Counselling Can Provide You With Relief from Debt
|
Introduction to Credit CounsellingIn Canada, credit counselling is a straight forward process geared toward educating consumers on how to avoid incurring debts they cannot pay back. Trained credit counsellors help consumers find ways to repay their credit card debt – through:
Credit counselling often involves negotiating with creditors to establish a debt management program (DMP) for a consumer. DMPs, set up by credit counsellors, usually offer reduced payments (which make the monthly payments more manageable for the card holder), fees, and interest rates for the client. |
|
Credit Counselling Benefits YouSpeaking with a credit counsellor will not hurt your credit score credit score in Canada. In many cases enrolling in a debt management program through a credit counselling agency can benefit you because various Canadian creditors view this as a move in the right direction – the card holder is making a serious effort to pay off their credit card bills. As an added bonus, credit counselling agencies give clients valuable guidance about which debt relief options may work for their financial situation, the proper way to use credit cards, how to cope with financial stress, calculating their debt to income ratio, managing their personal finances and, as stated earlier, a customized debt management program so they can repay their lenders. |
|
When You Should Seek Credit Counselling AssistanceAre you having trouble making ends meet each month? Do you find your spending often spins out of control? Do you have trouble figuring out where your money goes every month? If you don't think you have enough money to save for emergencies or make ends meet each month, then it’s time to get real about spending and saving money. A credit counselling service helps you to explore debt relief options and figure out the best way to pay off your debts and manage your money. Not sure if you are spending the right amount of money on the right things? Review a quick chart on how Canadians spend their money. |
|
How to Choose a Credit Counselling AgencyConsolidated Credit Counseling Services of Canada, Inc. is a not for profit, registered charity credit counselling agency in Canada. Those who are in credit card debt and believe they require assistance should carefully research the various companies available before making a choice. Check out websites, speak with a counsellor (and make sure the counsellors are trained credit counsellors), ask for references, and find out if they are with the Better Business Bureau. Read more about choosing a credit counselling agency. |
We Offer Free Credit Counselling Sessions
Consolidated Credit Counseling Services of Canada, Inc. is ready to help you become debt free and live financially independent. You can call 1-888-287-8506 to speak with a trained credit counsellor now or start your Free Credit Counselling Session online.
Have more questions about credit counselling? View what others are asking: Credit counselling frequently asked questions.
What Our Clients Say About Consolidated Credit
When I first called I was stressed and was receiving collection calls from my creditors on a constant basis. Taking cash advances from one creditor to pay another. I did not know how I was going to get through this until I heard a commercial one day driving to work and I thought “what the heck it cannot be any worse than what I am dealing with right now.”
The kindness and compassion displayed by your counsellors was unbelievable. They never judged me because of the situation I was in which was a first. They were always there and willing to help with any situation that occurred…
Marianne D.
Read more about this story.
| Coping with Financial Stress | |
|
If you're under financial stress, you may be arguing with your spouse or family members about money, experiencing headaches or panic attacks, hiding bills or receipts from family members, or finding it difficult to sleep at night. Your eating habits may have gone south, and you may find it hard to make it through the day. Use this guide to help you deal with your stress. |
 |
- 03/12/2013 - Can Consolidated Credit Help You?
- 02/13/2013 - Credit Counselling Infographic: Can Credit Counselling Help You?
- 09/16/2012 - Consolidated Credit Raises $4700 for Terry Fox Run
- 01/12/2012 - Peace of Mind – Living within a Budget
- 06/30/2010 - Consolidated Credit launches 7 new counselling centres in Canada
