Credit Counselling
Introduction to Credit Counselling
Credit counselling services is a straightforward process geared toward educating consumers on how to avoid incurring credit card debts they cannot pay back. Professional counsellors trained in credit counselling are hired by credit counselling organizations to help consumers find ways to repay their credit card debt, lines of credit and any other outstanding debt – through:
- Careful budgeting
- Financial education
- Money management
Credit counselling services often involves negotiating with creditors to establish debt management plan (DMP) for a consumer. DMPs, set up by credit counsellors, usually offer reduced payments (which make the monthly payments more manageable for the consumer), fees, and interest rates for the client. Learn more about debt management.
Consolidated Credit Counseling Services of Canada, Inc. can take your outstanding unsecured debt, consolidate it, and negotiate an affordable payment schedule to satisfy your creditors, while keeping within your budget.
Money problems can be difficult and traumatic, but there is hope! We are here to help you learn to live debt free and financially independent.
Our trained credit counsellors are available to offer possible solutions to your current financial situation and help you become a better money manager.
| 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. |
 |
