Debt Consolidation in Action: Ontario

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

This page will help you know how debt impacts you and other Ontarians in your province. We also show you case studies of clients we’ve helped over the years with managing their debt. If you need help with your debt management, call us at 1-888-628-5933 or complete our easy debt analysis from your phone.

Debt statistics in Alberta

The unemployment rate of Ontario is 6.4 per cent which is 0.4 below the national average. Although, the unemployment rate is trending lower in Ontario, youth unemployment as well as employment for men is trending higher. This current employment trend could be a direct result of various American manufacturers and retailers closing shop in Ontario. Given these challenges, it leaves many Ontarians vulnerable to debt. Here are some highlights:

All of the above statistics are from Statistics Canada.

Credit Counselling in Action for Ontario residents

The following are case studies from clients of Consolidated Credit who live in Ontario. 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 at Consolidated Credit.

My experience with Consolidated Credit has been awesome. I was in so much stress and as soon as I was talking with my consultant, I felt a lot better. They are really kind and very understanding and were able to come up with a solution for me that made sense and made things so much easier. I appreciate all the help and this program is something I would 100% refer friends and family too. Everyone deserves to be debt free. Thank you.

Where he started:

  • Total unsecured debt: $18,201.53
  • Estimated interest charges: $6,138.53
  • Time to payoff: 11 years, 1 months
  • Total monthly payments: $491.32

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years
  • Total monthly payment: $333.00
Time Saved:
8 years, 1 month
Monthly Savings:
$158.32
Interest Saved:
$6,138.53
Very helpful. Never thought I could get out of debt that easy.

Where he started:

  • Total unsecured debt: $25,639.76
  • Estimated interest charges: $9,226.81
  • Time to payoff: 12 years, 5 months
  • Total monthly payments: $660.68

After DMP enrollment:

  • Average negotiated interest rate: 3.98%
  • Total interest charges: $1,559.84
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $392.00
Time Saved:
8 years, 7 months
Monthly Savings:
$268.68
Interest Saved:
$7,666.97
Great Experience!

Where she started:

  • Total unsecured debt: $14,294.26
  • Estimated interest charges: $5,044.26
  • Time to payoff: 9 years, 6 months
  • Total monthly payments: $370.00

After DMP enrollment:

  • Average negotiated interest rate: 1.25%
  • Total interest charges: $371.08
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $192.00
Time Saved:
5 years, 3 months
Monthly Savings:
$178.00
Interest Saved:
$4,673.18

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.

You can save!

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

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