How Can Consolidated Credit Help You

Here are the answers to some commonly asked questions about Consolidated Credit’s services

Consolidated Credit has helped over 500,000 people tackle their debt. But how exactly do we do that? Here is a list of frequently asked questions about our services. If we seem like the right fit for you, be sure to call us at and speak to a trained credit counsellor about how you can regain control of your finances. You can also get started by taking our Free Debt Analysis online.

What kinds of debt can you help me with?

We help Canadians pay down all types of debt, including unsecured debt; usually credit cards or lines of credit, store cards, and even some payday loans.

What happens when I call?

Dial and you’ll be speaking with a trained credit counsellor – we pride ourselves on answering the phone the first time you call and we all know how frustrating it can be to be placed on hold or wait for a call back. Our service is streamlined and speedy enough so that you can call us on a lunch break and you can be assured we won’t waste your valuable time.

What will the counsellor ask?

The counsellor will ask for a break-down of your debts and your monthly budget. Be ready with debt balances and the names of your creditors, your monthly expenses, and your monthly take-home income. They will analyze your situation and offer solutions. If a debt management program is the best option for you and you select it, they can sign you up if you decide to move forward.

How can a debt management program help me?

In short, you’ll pay off all your debts in full quicker and at lower interest rates. We do this by combining all of your debt payments into one monthly bill. We keep your payments low by negotiating lower interest rates with your creditors to 0-10% per cent. Some clients may have their monthly payments reduced by 30 to 50 per cent.

How long will a debt management program take?

The typical debt management program lasts 3 to 5 years. This is a short and manageable time period compared to the drawn-out years (or decades) that it will take if you are only making minimum monthly payments, dealing with finance charges and penalty APRs. Try our credit card debt calculator to see how long it will take you to pay off your credit card debts if you only make minimum payments.

Can’t I do all of this myself?

There are many options for do-it-yourself debt management, and our trained counsellors can help you pursue those options. Balance transfers with your credit card and debt consolidation with a bank are examples of do-it-yourself debt consolidation, but, they may be costly or you may get declined. Learn more about do-it-yourself options here.

After I’m enrolled in the program, am I on my own?

Absolutely not. We have a dedicated and knowledgeable client service team that is ready to help you with any issues that may arise. You may have questions about your payments, or you may need to adjust your payment schedule. You are always welcome to speak to an expert, non-judgmental client service associate.

I’m sick of being harassed by collection agencies – can you help?

Once you are enrolled in our program, the calls will stop. You don’t need to put up with the daily hassle of collection calls; our program should stop these calls because your creditors are getting paid on a regular basis. Signing up with Consolidated Credit shows your creditors that you intend to pay back your balances in full.

Once I’m finished and debt free, how do I know this won’t happen again?

Throughout our program, our counsellors will offer education support to help you learn the ins-and-outs of personal finance. With the use of our program and resources, our clients develop the good habits of sticking to a budget and avoiding credit card overuse, and they often carry these tools for the rest of their lives.

Can you help me rebuild my credit?

Enrolling in a debt management program will help you rebuild your credit in a few different ways. One, it will help ensure that you are making regular payments, on time. Also, over time it will reduce your overall debt-load, which is an important factor in your determining your credit rating. Finally, unlike a consumer proposal or bankruptcy, a debt management program means that you are paying back your balance in full.

If this sounds good to you, give us a call at to speak with a trained credit counsellor today. You can ask more questions, explore your options, and learn about how we can get you out of debt. You can also try our Free Debt Analysis online to get started today.

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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