How Trained Credit Counsellors Can Help You

Understanding the benefits of having a professional on your side

Debt seems to be a way of life for Canadians. Credit bureau Equifax recently reported that the average Canadian carries $20,759 in consumer debt. The number soars when you factor in mortgage debt, with Canadians owing an average of $1.64 for every dollar they earn.

With such a steep hill to climb, it’s no wonder why people are feeling tremendous amounts of debt-related stress. And while there are ways to negotiate with creditors to alleviate some of the pressure, those who have tried it know that do-it-yourself negotiation can be frustrating, intimidating, draining, and sometimes humiliating.

Thankfully there is hope. A trained credit counsellor can negotiate with lenders on your behalf. The first step to lifting your heavy debt burden is to call Consolidated Credit at . You’ll hear expert advice from a trained credit counsellor who will break down your finances and figure out your best course of action. Best of all, the consultation is free. If you prefer to take the first step online, you can try our Free Debt Analysis.

A trained credit counsellor can help you…

  • Learn to budget to avoid debt. If past budgeting mistakes (or a lack of budgeting altogether) have left you with financial difficulty, our trained credit counsellors can help you get on track. They can help you balance wants and needs so that you can become an effective debt manager. Bringing focus to your spending habits will allow you to make the proper adjustments in order to gain financial freedom.
  • Consolidate debt to simplify your life. Even the best of us can loose track when we have multiple bills coming from multiple creditors. A slip-up here and there could mean late fees or penalties and can be damaging to your credit. Thankfully, a trained counsellor can:
    • Consolidated similar debts to you have only one monthly payment
    • Negotiate for lower interest rates
    • Arrange a payment schedule that works for your budget
    • Offer educational tools
    • Shield you from collections calls
    • Provide you with other options for debt relief if a debt management program is not for you
    • Weigh last-resort options like bankruptcy, if other options won’t work.
  • Establish good credit now to avoid problems with debt later. Our trained credit counsellors have your best interests at heart, and that includes strengthening your credit score. By tackling your debt and helping you make regular payments, your credit score will improve over time and help you in a number of areas, including buying a vehicle and getting approved for a mortgage.

Enrolling in a Debt Management Program

During your consultation:

During your free debt analysis, your trained credit counsellor will be able to tell you:

  • The interest rates that will be applied to your debts under the program
  • The amount you would be required to pay each month
  • When you can expect to be debt-free

After your enrolment:

If you’ve decided a Debt Management Program is the best choice, the next step is to enroll in the program and start moving toward financial freedom. You will receive personalized care as you and your counsellor work together to eliminate your debt. Your trained credit counsellor will:

    • Answer any and all of your questions
    • Handle and deal with collectors and collection agencies on your behalf. They will negotiate with creditors so you can stop dodging collection attempts
    • Help you develop budgeting skills to ensure you are able to handle your personal finances on your own once you finish the Debt Management Program – we want you to get out of debt and stay out.

If you think a Debt Management Program is the right choice for you, or if you have further questions and need more information on how credit counselling works, don’t hesitate to give us a call at to speak with a trained credit counsellor directly.

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