Dealing with Debt

Objective Non-Profit Options & Debt Consolidation Advice in Canada

If you've been declined for a debt consolidation loan and are struggling to keep up with your bills, don't let stress and worry get to you. A Canadian non-profit service can help you.

An experienced, non-profit professional Credit & Debt Counsellor can lay out all your options for you and help you find the right solution that will work best for your situation regardless of whether maxed out credit cards, bad credit or other problems have held you back from getting a debt consolidation loan. A good non-profit service, won't push any particular solution on you. Instead, their debt consolidation advice should be centered around your financial situation, your priorities and finding what option will work best for you.

A Not For Profit Service Can Help You Get Your Finances Back on Track, Save Money and Pay Off Debt

A non-profit Counsellor can help you get started right away with a plan that includes:

  • Exploring all of your debt consolidation options to deal with your debt and regain financial stability
  • Repaying your debt with one affordable monthly payment
  • Helping you create a spending plan to effectively manage all of your bills and living expenses
  • Save thousands of dollars in interest charges

Canadian Non-Profit Credit & Debt Counselling Services

Click on any of the links below to find a local non-profit credit & debt counselling service:

Ontario Debt Consolidation Help

Quebec Debt Consolidation Help

Nova Scotia Debt Consolidation Help

Newfoundland & Labrador Debt Consolidation Help

Feel free to call any of these credit counselling services to learn more or to make an appointment to speak with one of their Counsellors. Our appointments with these organizations are free, confidential and non-judgmental.

Learn More About Various Debt Consolidation Options

If you would like to look into this some more before you talk to anyone, feel free to check out the the eight most common ways to consolidate debt in Canada.

Submitted by on Fri, 04/25/2014 - 09:14


Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.