Debt Consolidation in Action: New Brunswick

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

This page will help you understand how debt impacts you and residents in New Brunswick. We also show you some real-life case studies of how we’ve helped other New Brunswickers overcome their challenges with debt. If you need help, call us at 1-888-628-5933 or complete our easy debt analysis.

Debt statistics in New Brunswick

The economy in New Brunswick is facing some challenges as of late. The unemployment rate in New Brunswick has jumped to 9.9 per cent. The national unemployment rate in Canada is 6.8 per cent. Given the unemployment rate is higher than the national average, many New Brunswickers are struggling to make ends meet with the lack of employment opportunities available. As a consequence, many are turning to debt to manage their household. The debt level for the average New Brunswicker is as follows:

All of the above statistics are from Statistics Canada.

Credit Counseling in Action for New Brunswick residents

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

Best experience I've ever had when dealing with overdue debt! Thanks so much!!

Where she started:

  • Total unsecured debt: $13,672.86
  • Estimated interest charges: $4,500.20
  • Time to payoff: 8 years, 3 months
  • Total monthly payments: $370.43

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 2 months
  • Total monthly payment: $242.00
Time Saved:
5 years, 1 month
Monthly Savings:
$128.43
Interest Saved:
$4,500.20
Like that my info is confidential.

Where he started:

  • Total unsecured debt: $13,252.75
  • Estimated interest charges: $4,732.75
  • Time to payoff: 10 years, 11 months
  • Total monthly payments: $340.80

After DMP enrollment:

  • Average negotiated interest rate: 3.30%
  • Total interest charges: $898.65
  • Time to payoff: 3 years, 6 months
  • Total monthly payment: $226.00
Time Saved:
7 years, 5 months
Monthly Savings:
$114.80
Interest Saved:
$3,834.10
I have had no problem with consolidated credit. I would probably be in worse debt if not for the help I received. Thank you very much!!

Where she started:

  • Total unsecured debt: $16,730.89
  • Estimated interest charges: $6,036.89
  • Time to payoff: 10 years, 10 months
  • Total monthly payments: $427.76

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 1 month
  • Total monthly payment: $222.00
Time Saved:
6 years, 9 months
Monthly Savings:
$205.76
Interest Saved:
$6,036.89
Good.

Where he started:

  • Total unsecured debt: $4,322.70
  • Estimated interest charges: $1,399.70
  • Time to payoff: 8 years, 6 months
  • Total monthly payments: $123.20

After DMP enrollment:

  • Average negotiated interest rate: 3.33%
  • Total interest charges: $489.56
  • Time to payoff: 2 years, 11 months
  • Total monthly payment: $96.00
Time Saved:
5 years, 7 months
Monthly Savings:
$27.20
Interest Saved:
$910.14
Thank you so much it feels great to be debt free!

Where he started:

  • Total unsecured debt: $28,238.16
  • Estimated interest charges: $10,194.16
  • Time to payoff: 12 years, 8 months
  • Total monthly payments: $721.76

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 1 month
  • Total monthly payment: $369.00
Time Saved:
8 years, 7 months
Monthly Savings:
$352.76
Interest Saved:
$10,194.16
I love you guys, especially Onicka!! Thanks so much for everything!!!! :)

Where she started:

  • Total unsecured debt: $63,823.77
  • Estimated interest charges: $23,617.77
  • Time to payoff: 16 years, 7 months
  • Total monthly payments: $1,608.24

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $747.00
Time Saved:
12 years, 1 months
Monthly Savings:
$861.24
Interest Saved:
$23,617.77

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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