Debt Consolidation in Action: Prince Edward Island

See how we’ve helped other Prince Edward Islanders overcome their issues with debt.

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

Debt statistics in Prince Edward Island

Residents of Prince Edward Island are faced with an unemployment rate at 11.0 per cent. The unemployment rate is almost twice the national average. Given the shortages of work in the economy, residents are turning to debt to manage their expenses. The debt statistics for Prince Edward Islanders are as follows:

All of the above statistics are from Statistics Canada.

Credit Counselling in Action for Prince Edward Island residents

The following case studies are from real Consolidated Credit clients who live in Prince Edward Island. 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.

Great Company.

Where he started:

  • Total unsecured debt: $25,355.07
  • Estimated interest charges: $9,271.07
  • Time to payoff: 13 years, 3 months
  • Total monthly payments: $643.36

After DMP enrollment:

  • Average negotiated interest rate: 5.33%
  • Total interest charges: $3,337.73
  • Time to payoff: 4 years 1 months
  • Total monthly payment: $391.00
Time Saved:
9 years, 2 months
Monthly Savings:
$252.36
Interest Saved:
$5,933.34
Great help from all.

Where he started:

  • Total unsecured debt: $88,686.87
  • Estimated interest charges: $32,786.87
  • Time to payoff: 16 years, 4 months
  • Total monthly payments: $2,239.00

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $92.22
  • Time to payoff: 4 years, 0 months
  • Total monthly payment: $1,185.00
Time Saved:
12 years, 4 months
Monthly Savings:
$1,054.00
Interest Saved:
$32,694.65
I can't thank you guys enough! It certainly relieved a lot of stress from our lives! Plus a feeling of accomplishment to get rid of debt! THANKS

Where he started:

  • Total unsecured debt: $31,783.55
  • Estimated interest charges: $11,523.55
  • Time to payoff: 12 years, 7 months
  • Total monthly payments: $810.40

After DMP enrollment:

  • Average negotiated interest rate: 1.00%
  • Total interest charges: $31.92
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $508.00
Time Saved:
9 years, 3 months
Monthly Savings:
$302.40
Interest Saved:
$11,491.63

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.

You can save!

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

FREE Debt Consultation