Preparing for Life Events

Life has a way of interrupting your financial plans, and adding additional burdens to your personal finances. Some things, like university or retirement, are natural part of life. However, other life events are out of your control. Consolidated Credit Counseling Services of Canada, Inc. helps Canadians financially prepare for these life events.

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Additional Financial Resources

Debt Settlement

The major difference between a Debt Management Program (DMP) and Debt Settlement Program is that through a DMP, creditors are being paid monthly whereas in a DSP, the creditors are no longer being paid until such time as the debtor has built up sufficient funds to allow the DSP company to initiate negotiation procedures to reduce the amount of the debt and enact a lump sum settlement.

Advantages:

Lower Monthly Payments.
Get out of debt quickly.
Eliminate Fees and Interest Charges.
Eliminate Harassing Phone Calls.
Improves Debt to Income Ratio.

Disadvantages:

Negative effect on credit.
Need to close all enrolled accounts.
Need to rebuild own credit at the end of the program.

For more information or questions please feel free to contact our Financial Resources Group at 1-800-656-3920.

Get Relief From Debt

Self-Help Booklets

Buying A Home
The home buying process can be very intimidating especially if you don’t know where to start. This educational booklet is a combination of information from Consolidated Credit and the government of Canada to help get you started on the road to making one of the biggest and most important purchases of your life.
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