Reduce Debt Problems Through Debt Management
Most money problems involve credit card debt, personal loans, and other forms of unsecured debt that can be very difficult to manage on your own.
We've got answers...
Is credit card debt getting you down? Maybe you’re way behind on your payments for a personal loan, or perhaps a payday loan has you worried. Whatever your debt problem is, there are a number of steps you can take to reduce or eliminate debt.
Debt management help includes everything from debt consolidation loans and debt consolidation programs, to consumer proposals and the dreaded "last resort" – bankruptcy. All of these options – including credit counselling and debt consolidation programs – are discussed here on this website.
What's important to know is that you can get debt management help and become debt free.
How Do I know If I Need Debt Help?
We know it's not fun, but you may need to face some bad money habits that are leading you into debt management problems. Do any of these signs sound familiar to you?
Credit Misuse
Using credit because you don’t have enough cash and paying only the minimum monthly payment.
Stalling One Creditor To Pay Another
This is a balancing act no one can maintain.
Overcharging & Underpaying
Charging more on your credit cards than you pay back month-to-month.
Cash Advance Game
Using a cash advance from one creditor to pay another? Tricky, tricky!
Branch Hopping
Applying for a second or third Visa or Mastercard at another branch, bank or credit union.
Habitual Credit Increaser
Continually asking for increased spending limits on credit cards.
Debt Management Through a Debt Consolidation Program
It's a Simple Debt Management Plan to Handle Your Debt Problems and Free You of Worry!
A Debt Consolidation Program (DCP) is a method of debt management that allows you to consolidate your debt into one affordable monthly payment. You're relieved of stress and you save money on interest, too!
The program addresses unsecured debt, which can include credit card bills, lines of credit, unsecured loans, or any other debt that doesn’t require collateral (like a car or a home). To get set up with a Debt Consolidation Program, you will need to book a free credit counselling session with a certified Credit Counsellor.
During this appointment, your certified Credit Counsellor will:
- Review your financial situation and develop a repayment plan based on your current income and expenses.
- Negotiate with your creditors to arrange a single, lower monthly payment and waive or reduce the interest on your debt.
- Conduct regular financial reviews to help you budget and guide you towards the successful completion of the program.
Click here to learn more about our debt management program.
Take Our Debt Assessment Quiz
Are you in debt but not sure how to tackle it? Answer four easy questions and voila! You’ll have your own personalized free assessment and get all your debt relief options. Results are completely confidential and you'll know where you stand financially and what steps to take next.
