Debt Consolidation in Action: Alberta

See how we’ve helped other Albertans overcome their issues with debt.

This page is designed to help you understand how debt impacts you and your fellow residents in Alberta. We also show you some real-life case studies of how we’ve helped other Albertans overcome their challenges. If you need help, call us at 1-888-628-5933 or complete our easy debt analysis.

Debt statistics in Alberta

Alberta has gone through the ringer as of late. The once booming province with such great promise, is now struggling at great lengths. The oil industry in Alberta is trying to stay afloat and the wild-fire crisis in Fort McMurray just added fuel to the flames. As a consequence, many residents in Alberta are struggling to manage their mountain of debt. Here are some key statistics about the average Albertan:

All of the above statistics are from Statistics Canada.

Credit Counseling in Action for Alberta residents

The following case studies are from real Consolidated Credit clients who live in Alberta. This can help you get a better picture of what you can expect if you are eligible to consolidate your debt through a debt management program.

Helped me when I needed it the most!! I was diagnosed with seizures and told I could no longer work!! I went from a very good income to $12,000/year in the blink of an eye. This was brutal and I had to turn to Consolidated to help me with my debt.

Where she started:

  • Total unsecured debt: $26,711.74
  • Estimated interest charges: $9,858.74
  • Time to payoff: 13 years, 8 months
  • Total monthly payments: $674.12

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 0 months
  • Total monthly payment: $355.00
Time Saved:
9 years, 8 months
Monthly Savings:
$319.12
Interest Saved:
$9,858.74
I just wanted to say that I have had great customer service, they are very helpful :) I am looking forward to getting my loans paid down quicker and with a lot lower interest. Thank you Consolidated Credit Counseling Services of Canada :)

Where she started:

  • Total unsecured debt: $39,761.54
  • Estimated interest charges: $14,752.54
  • Time to payoff: 14 years, 10 months
  • Total monthly payments: $1000.36

After DMP enrollment:

  • Average negotiated interest rate: 5.50%
  • Total interest charges: $3,101.29
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $530.00
Time Saved:
10 years, 5 months
Monthly Savings:
$470.36
Interest Saved:
$11,651.25
Consolidated Credit took a lot of pressure off of my family and me. If not for Consolidated Credit, who knows what may have happened, I thank Consolidated Credit a lot.

Where he started:

  • Total unsecured debt: $98,049.08
  • Estimated interest charges: $36,215.08
  • Time to payoff: 15 years, 9 months
  • Total monthly payments: $2,473.36

After DMP enrollment:

  • Average negotiated interest rate: 3.56%
  • Total interest charges: $2,879.39
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $1,428.00
Time Saved:
11 years, 11 months
Monthly Savings:
$1,045.36
Interest Saved:
$33,335.69
I was in deep trouble with what was inevitably a small (but mounting!) debt and having seen my family go through a couple of bankruptcies, I had no desire to follow in their footsteps knowing how hard it was on them. Thank you SO much for helping me! I am now debt free!!!

Where she started:

  • Total unsecured debt: $9,347.02
  • Estimated interest charges: $3,347.02
  • Time to payoff: 11 years, 2 months
  • Total monthly payments: $240.00

After DMP enrollment:

  • Average negotiated interest rate: 2.50%
  • Total interest charges: $71.26
  • Time to payoff: 3 years, 8 months
  • Total monthly payment: $138
Time Saved:
7 years, 6 months
Monthly Savings:
$102.00
Interest Saved:
$3,275.76
Consolidated Credit has helped me and my family a lot. I thought I was always going to be in debt forever but then with Consolidated Credit I started to see the light again. It’s so simple and with just one condensed easy monthly payment my debt started to vanish. I am almost about to graduate from the program and it’s nice to know I have gained control again of my finances.

Where she started:

  • Total unsecured debt: $116,677.67
  • Estimated interest charges: $42,963.67
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $2,948.56

After DMP enrollment:

  • Average negotiated interest rate: 5.00%
  • Total interest charges: $5,426.50
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $1,750.00
Time Saved:
11 years, 3 months
Monthly Savings:
$1,198.56
Interest Saved:
$37,537.17
What a great feeling to be debt free! Consolidated Credit gave us hope to get out of debt, and helped us achieve our goals. All of our dealings were very positive in nature, and I would recommend them to family and friends.

Where she started:

  • Total unsecured debt: $26,947.07
  • Estimated interest charges: $9,947.07
  • Time to payoff: 14 years, 10 months
  • Total monthly payments: $680.00

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $365.00
Time Saved:
10 years, 11 months
Monthly Savings:
$315.00
Interest Saved:
$9,947.07
I am so happy I picked up the phone and called Consolidated Credit. I had so much credit card debt that it would be impossible to pay off in my life time. Consolidated Credit worked with me and my creditors and got me a payment I could afford. I am now credit card debt free. Thank you Consolidated credit.

Where he started:

  • Total unsecured debt: $120,360.92
  • Estimated interest charges: $44,503.11
  • Time to payoff: 15 years, 10 months
  • Total monthly payments: $3,034.31

After DMP enrollment:

  • Average negotiated interest rate: 2.63%
  • Total interest charges: $2,225.69
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $1,754.00
Time Saved:
12 years, 1 month
Monthly Savings:
$1,280.31
Interest Saved:
$42,277.42
I appreciate that you have taken a great weight off my shoulders and that I will be debt free in 4 years.

Where she started:

  • Total unsecured debt: $30,589.86
  • Estimated interest charges: $10,996.86
  • Time to payoff: 12 years, 6 months
  • Total monthly payments: $783.72

After DMP enrollment:

  • Average negotiated interest rate: 0.83%
  • Total interest charges: $328.62
  • Time to payoff: 3 years, 8 months
  • Total monthly payment: $454.00
Time Saved:
8 years, 10 months
Monthly Savings:
$329.72
Interest Saved:
$10,668.24
You guys have been one of the biggest helps in my life! I have had so many complications with credit, especially when my SIN number was stolen and everything seemed like it was falling apart. Your staff is friendly and informational. Always helping and making sure that things are good to go. I appreciate everything. You’ve done so much for me. As I continue with my payments, things seem to be getting better slowly but surely. Thank you! I'd refer you to anyone who required your services. Cheers.

Where she started:

  • Total unsecured debt: $4,215.20
  • Estimated interest charges: $1,185.51
  • Time to payoff: 4 years, 8 months
  • Total monthly payments: $121.19

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 2 years, 1 months
  • Total monthly payment: $121.00
Time Saved:
2 years, 7 months
Monthly Savings:
$0.19
Interest Saved:
$1,185.51
We were lucky enough to be able to stick to this program to the T. We don't know what we would have done without you. We were heading into serious trouble when I contacted you and my health would not have handled the collection calls. I thank you so much for your large part in getting this paid off. Credit cards have their place but not when you owe $40,000+ on them. Thanks again.

Where she started:

  • Total unsecured debt: $82,285.21
  • Estimated interest charges: $30,401.21
  • Time to payoff: 16 years, 2 months
  • Total monthly payments: $2,082.16

After DMP enrollment:

  • Average negotiated interest rate: 0.83%
  • Total interest charges: $461.78
  • Time to payoff: 3 years,9 months
  • Total monthly payment: $1,183.00
Time Saved:
12 years, 5 months
Monthly Savings:
$899.16
Interest Saved:
$29,939.43

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.

We are a proud member of the Canadian Association of Credit Counselling Services (CACCS), the national voice for not-for-profit credit counselling services. As a CACCS member, you can trust that our trained credit counsellors strive to provide the best in professional, independent and unbiased personal finance services. We’ve helped hundreds of thousands of Canadians find relief from debt. Call us today to find out if we can help you.

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.

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Consolidated Credit Counseling Services of Canada is accredited by the Canadian Centre for Accreditation – a national organization responsible for ensuring excellence in community service. We meet CCA’s high standards of service and accountability. Give us a call today and find out what we can do for you.

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.

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.

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AFCC (Accredited Financial Counsellor Canada)

AFCC (Accredited Financial Counsellor Canada) is a distinguished professional designation, indicating that a counsellor has successfully completed the program and has specialized knowledge, unique skills and expertise as a qualified Credit Counsellor.

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With this amount of debt, you'd pay around $xx.xx on a DMP.

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