Debt Consolidation in Action: Quebec

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

This page is created to help you know how debt impacts you and many others in Quebec. We also show you some case studies of clients who we’ve helped to manage their debt. If you need help to overcome your challenges with debt, call us at 1-888-628-5933 or complete our easy debt analysis.

Debt statistics in Quebec

The unemployment rate in Quebec is above the national average at 7.0 per cent. Although Quebec is 0.2 per cent above the national unemployment rate of 6.8 per cent, recent findings from the June Labour Force Survey indicate the unemployment rate in the province of Quebec is trending lower. Nevertheless, like many other Canadians Canada-wide – Quebecers have not been immune to the cycle of debt. The average debt load statistics of Quebecers are the following:

  • Average credit card debt: $7,409.00 per borrower
  • Average student debt: $3,221.00
  • Average mortgage debt: $185,303.00
  • Average consumer debt (non-mortgage): $51,582.00

All of the above statistics are from Statistics Canada.

Lisa from Pointe-Claire, QC

Wonderful friendly helpful people!!!

Where she started:

  • Total unsecured debt: $70,020.67
  • Estimated interest charges: $26,020.67
  • Time to payoff: 15 years, 5 months
  • Total monthly payments: $1,760.00

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years 2 months
  • Total monthly payment: $873.00
Time Saved:
11 years, 3 months
Monthly Savings:
$887.00
Interest Saved:
$26,020.67
Nina from Montreal, QC

It was great.

Where she started:

  • Total unsecured debt: $9,449.41
  • Estimated interest charges: $3,464.41
  • Time to payoff: 11 years, 9 months
  • Total monthly payments: $239.40

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 0 months
  • Total monthly payment: $126.00
Time Saved:
7 years, 9 months
Monthly Savings:
$113.40
Interest Saved:
$3,464.41
Diane from Montreal, QC

Customer service with consolidated credit has been very helpful to me. I am very happy with the service. I am anxious to finish paying my bill though.

Where she started:

  • Total unsecured debt: $8,511.00
  • Estimated interest charges: $4,600.52
  • Time to payoff: 10 years, 0 months
  • Total monthly payments: $340.44

After DMP enrollment:

  • Average negotiated interest rate: 4.98%
  • Total interest charges: $718.18
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $231.00
Time Saved:
6 years, 8 months
Monthly Savings:
$109.44
Interest Saved:
$3,882.34
Christina from Montreal, QC

Very good service everyone was helpful and kind.

Where she started:

  • Total unsecured debt: $29,380.58
  • Estimated interest charges: $10,780.58
  • Time to payoff: 13 years, 7 months
  • Total monthly payments: $744.00

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $402
Time Saved:
9 years, 9 months
Monthly Savings:
$342.00
Interest Saved:
$10,780.58
Monica from Gatineau, QC

I was very pleased with the service I received.

Where she started:

  • Total unsecured debt: $7,566.11
  • Estimated interest charges: $2,600.11
  • Time to payoff: 8 years, 10 months
  • Total monthly payments: $198.64

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $125
Time Saved:
5 years, 6 months
Monthly Savings:
$73.64
Interest Saved:
$2,600.11
Franco from Laval, QC

Excellent customer service.

Where he started:

  • Total unsecured debt: $13,814.21
  • Estimated interest charges: $5,022.21
  • Time to payoff: 12 years, 5 months
  • Total monthly payments: $351.68

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 4 years, 0 months
  • Total monthly payment: $184
Time Saved:
8 years, 5 months
Monthly Savings:
$167.68
Interest Saved:
$5,022.21
Paula from Laval, QC

I have been treated with courtesy and respect and am very comfortable recommending consolidated credit to anyone I know.

Where she started:

  • Total unsecured debt: $21,380.36
  • Estimated interest charges: $7,780.36
  • Time to payoff: 12 years, 4 months
  • Total monthly payments: $544.00

After DMP enrollment:

  • Average negotiated interest rate: 3.67%
  • Total interest charges: $2,077.71
  • Time to payoff: 4 years, 1 months
  • Total monthly payment: $320
Time Saved:
8 years, 3 months
Monthly Savings:
$224.00
Interest Saved:
$5,702.65
Francois from Lanoraie, QC

Thank you very much. You made it easy when usually; it is hard to deal with debt.

Where he started:

  • Total unsecured debt: $107,791.74
  • Estimated interest charges: $40,026.74
  • Time to payoff: 16 years, 5 months
  • Total monthly payments: $2,710.60

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $1,697.00
Time Saved:
13 years, 1 months
Monthly Savings:
$1,013.60
Interest Saved:
$40,026.74
Devyn from Gatineau, QC

I haven't had any problems with your company thus far. Thank you for your good service up until now!

Where he started:

Total unsecured debt: $3,899.83
Estimated interest charges: $1,185.83
Time to payoff: 7 years, 9 months
Total monthly payments: $119.24

After DMP enrollment:

Average negotiated interest rate: 1.25%
Total interest charges: $166.72
Time to payoff: 2 years, 4 months
Total monthly payment: $104.00

Time Saved:
5 years, 5 months
Monthly Savings:
$15.24
Interest Saved:
$1,019.11
Michel from Gatineau, QC

Wonderful service.

Where he started:

  • Total unsecured debt: $39,743.37
  • Estimated interest charges: $14,508.59
  • Time to payoff: 13 years, 2 months
  • Total monthly payments: $1,009.39

After DMP enrollment:

Average negotiated interest rate: 0.00%
Total interest charges: $0.00
Time to payoff: 3 years, 7 months
Total monthly payment: $587.00

Time Saved:
9 years, 7 months
Monthly Savings:
$422.39
Interest Saved:
$14,508.59