Debt Consolidation in Action: Nova Scotia

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

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

Debt statistics in Nova Scotia

Like many provinces in the Maritimes, Nova Scotians are faced with a high unemployment rate in comparison to the rest of Canada. The unemployment rate stands at 8.2 per cent, higher than the national average of 6.8 per cent. Many jobs in Nova Scotia are seasonal in nature and the unemployment rate reflects this. The average debt load of Nova Scotians is as follows:

All of the above statistics are from Statistics Canada.

Credit Counselling in Action for Nova Scotia residents

The following case studies are from real Consolidated Credit clients who live in Nova Scotia. This can help you be aware of what to expect if you are eligible to consolidate debt through a debt management program.

They go to bat for you and are very understanding.

Where they started:

  • Total unsecured debt: $61,887.83
  • Estimated interest charges: $22,812.69
  • Time to payoff: 14 years, 9 months
  • Total monthly payments: $1,563.01

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years 2 months
  • Total monthly payment: $787.00
Time Saved:
10 years, 7 months
Monthly Savings:
$776.01
Interest Saved:
$22,812.69
They have been excellent to deal with.

Where they started:

  • Total unsecured debt: $29,730.95
  • Estimated interest charges: $10,832.95
  • Time to payoff: 12 years, 8 months
  • Total monthly payments: $755.92

After DMP enrollment:

  • Average negotiated interest rate: 5.33%
  • Total interest charges: $1,851.73
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $455.00
Time Saved:
8 years, 10 months
Monthly Savings:
$300.92
Interest Saved:
$8,981.22
Very friendly, respectful and helpful. Thanks.

Where they started:

  • Total unsecured debt: $7,576.10
  • Estimated interest charges: $2,536.63
  • Time to payoff: 10 years, 0 months
  • Total monthly payments: $207.00

After DMP enrollment:

  • Average negotiated interest rate: 2.48%
  • Total interest charges: $759.56
  • Time to payoff: 2 years, 8 months
  • Total monthly payment: $178.00
Time Saved:
7 years, 4 months
Monthly Savings:
$29.00
Interest Saved:
$1,777.07
I am very delighted by your professional service!!

Where they started:

  • Total unsecured debt: $8,231.85
  • Estimated interest charges: $2,849.85
  • Time to payoff: 8 years, 11 months
  • Total monthly payments: $215.28

After DMP enrollment:

  • Average negotiated interest rate: 3.33%
  • Total interest charges: $416.66
  • Time to payoff: 4 years, 0 month
  • Total monthly payment: $121.00
Time Saved:
4 years, 11 months
Monthly Savings:
$94.28
Interest Saved:
$2,433.19
I got into a bit of trouble with extra expenses in building my new home and tried to hang on paying the minimum payments but I wasn't getting anywhere with getting rid of my debt. I had lots of sleepless nights trying to figure out where to turn and finally decided to call Consolidated Credit. I was sleeping normally again in no time and better yet: I'll be debt free in 4 years!

Where they started:

  • Total unsecured debt: $41,143.78
  • Estimated interest charges: $15,270.78
  • Time to payoff: 16 years, 3 months
  • Total monthly payments: $1034.92

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $648.00
Time Saved:
12 years, 11 months
Monthly Savings:
$386.92
Interest Saved:
$15,270.78
Since being enrolled in CCC, I have financial freedom as I now can manage my monthly income and debt and will have them behind me within the upcoming year. I have learned to live much more easily without credit cards and find that making a biweekly budget is the best way to make your money last and am able to set some aside for emergencies.

Where they started:

  • Total unsecured debt: $15,148.34
  • Estimated interest charges: $5,285.36
  • Time to payoff: 9 years, 8 months
  • Total monthly payments: $394.52

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $34.68
  • Time to payoff: 2 years, 9 months
  • Total monthly payment: $306.00
Time Saved:
6 years, 11 months
Monthly Savings:
$88.52
Interest Saved:
$5,250.68
Dealing with Consolidated Credit has been way better than I could have imagined. The client service is top notch and it genuinely feels like they want you to succeed.

Where they started:

  • Total unsecured debt: $67,927.27
  • Estimated interest charges: $24,998.27
  • Time to payoff: 13 years, 9 months
  • Total monthly payments: $1,717.16

After DMP enrollment:

  • Average negotiated interest rate: 2.50%
  • Total interest charges: $2,373.11
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $841.00
Time Saved:
9 years, 3 months
Monthly Savings:
$876.16
Interest Saved:
$22,625.16
I have had a really good experience using Consolidated Credit. The staff was always helpful and understanding with any questions or issues I had.

Where they started:

  • Total unsecured debt: $23,679.76
  • Estimated interest charges: $8,642.76
  • Time to payoff: 12 years, 7 months
  • Total monthly payments: $601.48

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 5 years, 4 months
  • Total monthly payment: $236.00
Time Saved:
7 years, 3 months
Monthly Savings:
$365.48
Interest Saved:
$8,642.76
I never thought that I was going to be able to get help with my debt. The banks wouldn't look at me because I didn't make enough money, but these guys looked past that and gave me hope. It feels awesome!

Where they started:

  • Total unsecured debt: $29,788.70
  • Estimated interest charges: $11,012.70
  • Time to payoff: 14 years, 4 months
  • Total monthly payments: $751.04

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 11 months
  • Total monthly payment: $320.00
Time Saved:
9 years, 5 months
Monthly Savings:
$431.04
Interest Saved:
$11,012.70
Simply THANK YOU FOR UNDERSTANDING! AND FOR BEING NON-JUDGEMENTAL!

Where they started:

  • Total unsecured debt: $61,351.53
  • Estimated interest charges: $22,611.53
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $1,549.60

After DMP enrollment:

  • Average negotiated interest rate: 2.00%
  • Total interest charges: $1,931.41
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $913.00
Time Saved:
11 years, 4 months
Monthly Savings:
$636.60
Interest Saved:
$20,680.12

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.

CCA logo

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.

View the Consolidatedcredit.ca review status

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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