Debt Consolidation in Action: Manitoba

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

This page will help you understand how debt impacts you and many fellow residents in Manitoba. We also will show you how many clients have overcome their challenges with debt with the help of Consolidated Credit. If you are having a difficult time staying on top of your debt, call us now at 1-888-628-5933 or complete our easy debt analysis.

Debt statistics in Manitoba

While the economy and employment rate is relatively stable in Manitoba, Manitobans are not immune to debt. The simple matter of fact is many Canadians are stretched thin and they are living paycheque to paycheque. The average debt levels of Manitobans are the following:

  • Average credit card debt: $1,005.00 per borrower
  • Average student debt: $610.00
  • Average mortgage debt: $24,978.00
  • Average consumer debt (non-mortgage): $ 6,572

All of the above statistics are from Statistics Canada.

Kristen from Brandon, MB

Great service and up to date info.

Where she started:

  • Total unsecured debt: $17,636.63
  • Estimated interest charges: $6,376.63
  • Time to payoff: 11 years, 6 months
  • Total monthly payments: $450.40
  • After DMP enrollment:

  • Average negotiated interest rate: 1.67%
  • Total interest charges: $666.69
  • Time to payoff: 4 years 4 months
  • Total monthly payment: $232.00
  • Time Saved:
    7 years, 2 months
    Monthly Savings:
    $218.40
    Interest Saved:
    $5,709.94
    Jake from Steinbach, MB

    I contacted consolidated credit to help me pay off my master card, through them I am able to pay everything towards the principal instead of paying so much interest.

    Where he started:

  • Total unsecured debt: $6,319.90
  • Estimated interest charges: $2,290.90
  • Time to payoff: 10 years, 6 months
  • Total monthly payments: $161.16
  • After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $101.00
  • Time Saved:
    7 years, 2 months
    Monthly Savings:
    $60.16
    Interest Saved:
    $2,290.90
    Rochelle from Stonewall, MB

    I am grateful to have taken the chance to get my debt dealt with. I am still with the company and they have been there for me every step of the way. Thanks guys!

    Where she started:

  • Total unsecured debt: $8,075.88
  • Estimated interest charges: $2,712.33
  • Time to payoff: 8 years, 10 months
  • Total monthly payments: $214.54
  • After DMP enrollment:

  • Average negotiated interest rate: 1.25%
  • Total interest charges: $32.40
  • Time to payoff: 3 years, 5 months
  • Total monthly payment: $133.00
  • Time Saved:
    5 years, 5 months
    Monthly Savings:
    $81.54
    Interest Saved:
    $2,679.93
    Mas from Winnipeg, MB

    Just 2 months into the program, my future looks hopeful again. Still got a long way to fixing my finances, but it's so wonderful to have a break from all the killer interests and over the limit payments.

    Where he started:

  • Total unsecured debt: $20,565.69
  • Estimated interest charges: $7,396.04
  • Time to payoff: 11 years, 5 months
  • Total monthly payments: $526.79
  • After DMP enrollment:

  • Average negotiated interest rate: 1.25%
  • Total interest charges: $339.91
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $297.00
  • Time Saved:
    7 years, 7 months
    Monthly Savings:
    $229.79
    Interest Saved:
    $7,056.13
    Kaitlin from Winnipeg, MB

    Very Helpful. I am relieved that I am getting some help with my debt.

    Where she started:

  • Total unsecured debt: $19,421.90
  • Estimated interest charges: $6,967.24
  • Time to payoff: 12 years, 5 months
  • Total monthly payments: $498.19
  • After DMP enrollment:

  • Average negotiated interest rate: 2.75%
  • Total interest charges: $2,030.91
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $292.00
  • Time Saved:
    8 years, 3 months
    Monthly Savings:
    $206.19
    Interest Saved:
    $4,936.33
    Richard from Winnipeg, MB

    I am one payment away from being completely debt free, thank you so much. This never would have been possible without your help.

    Where he started:

  • Total unsecured debt: $10,537.21
  • Estimated interest charges: $3,635.21
  • Time to payoff: 10 years, 3 months
  • Total monthly payments: $276.08
  • After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $149.00
  • Time Saved:
    6 years, 4 months
    Monthly Savings:
    $127.08
    Interest Saved:
    $3,635.21