Calgary Credit Consolidation Options

Consolidating Credit & Debt Payments, Calgary, Alberta Credit Counselling Services, Programs and Options | Canada

Are you looking for credit consolidation solutions in Calgary to get rid of your debt and money worries?

Exploring consolidation options that reduce or eliminate interest on your credit cards and debts will help you get back on track with one affordable monthly payment.

Free credit counselling services are available in Calgary, Alberta to help you find debt repayment solutions and alternatives to bankruptcy.

Credit Counselling Services Assist with Credit Consolidation & Bill Payments

Even if in the past you’ve consolidated debt, credit counselling services provided by a reputable, Canadian, non-profit agency like the Credit Counselling Society can help you. Dealing with debt is stressful, but a qualified Credit Counsellor can make it easier.

  Global TV News - Canadian woman finds debt solution by consolidating credit card payments with the Credit Counselling Society. Canadian consumers in Alberta are provided with the same services in Calgary
  Global News interviews Julia Fletcher
after she consolidates and pays off
her debt with help from the
Credit Counselling Society.
Watch the News Segment
  CTV Debt Consolidation Story - Bankruptcy wasn't the only option available for Dan. With the Credit Counselling Society's help he was able to get out of debt with a repayment plan. The same programs are offered in Calgary, Alberta
  CTV uncovers how Dan Robinson
paid off $30,000 in debt with no
interest with the assistance of
the Credit Counselling Society.
See the News Story
   

During a no cost, confidential appointment, your Credit Counsellor will review your overall circumstances. They will ask you about your budget and expenses, your debts, as well as about your future goals. Once they know more about you, they will share options and solutions with you so that you can decide how best to deal with your debts.

Contact us now to ask us your questions or to book an appointment, or read on for more information.

Debt Solutions, Explained by a Credit Counsellor

There are several options for credit consolidationt in Canada that can be explored with the help of a non-profit credit counselling services. Most of these options are typically not provided by banks, credit unions and other lenders.

Consolidating Credit & Debt Payments Through a Debt Management Program

Not-for-profit credit counselling services in Canada, such as the Credit Counselling Society, have a debt repayment program that is available to consumers. The program makes managing all of your expenses and debts easier because it is based on what you can afford, and all of your unsecured debt payments are consolidated.

A debt management program may be an option for you, depending on what type of debt you have, your assets, and how much is left in your budget for debt payments, while you still maintain a reasonable standard of living.

Creditors support debt management programs which are arranged by the Credit Counselling Society, saving you thousands of dollars. They will accept smaller payments from you, and most will eliminate or significantly reduce interest charges while you make your payments.

If a debt management program to consolidate your payments is a debt relief solution for you, your Debt Counsellor will give you more information so that you know how it works and how it can help you.

Debt Consolidation Loans

Your Credit Counsellor will give you information about why a loan may or may not work for you, and what to do if you think you might have trouble making the payments.

Borrowing more money to pay off what you already owe on your credit cards and unsecured debts might sound like a good idea, but for some people, it just gets them further into debt. Based on your credit rating, your lender may be able to offer you a consolidation loan. Either with the help of a co-signer, or not, this would let you pay off your other debts.

The best way to make a debt consolidation loan work for you is to have a budget first. Then you’ll know if you can afford the payments and still set money aside to pay for unexpected expenses that would have gone on your credit card in the past.

Debt Settlements

Debt settlement is an option if your creditors will accept a lump sum of money, rather than all of what you owe.

Offering to repay less than what you owe is an option if your creditors are willing to write off the remaining balances on your debts. In some situations, this could be a good idea. However, creditors won’t accept your offer if they believe that you can afford the full payments.

If a debt settlement is a good option for you, your Debt Counsellor will tell you what you need to know about the process. That way you can consider the implications carefully before you make your decision. Any settlement requires a lump sum of money, so that means that you might have to sell some of your assets, take money out of an investment, or talk to family and friends to see how they can help.

Legal Solutions for Debt in Canada

The Bankruptcy and Insolvency Act may provide the legal debt relief you need, depending on what you owe and to whom, as well as where you live and how many assets you have.

In Canada, we have two main options for resolving debt problems legally. They are a Consumer Proposal and bankruptcy, and both are offered through a licensed trustee.

Meeting with a trustee to find out more about these options may be a good idea, after your Credit Counsellor has gone over your budget and financial circumstances. While bankruptcy should always be a last resort, a Consumer Proposal allows you to repay part of what you owe over a period of 2 – 5 years.

To find out more about Consumer Proposals, contact a trustee in your area, or click here.

To find out more about bankruptcy and alternatives, click here.

How to Get Help to Consolidate Credit with Credit Counselling Services in Calgary, Alberta

To learn more about how credit consolidation and credit counselling services in Calgary, Alberta can help you eliminate debt, contact us now by phone, anonymous online chat, or by email. We will provide you with information and arrange a no-obligation, no-cost, confidential appointment for you to meet with one of our professionally trained Credit and Debt Counsellors.

You’ll feel better and have less stress once you know what you can do about your debt and money problems. There is a solution to being in debt, and it starts with looking at your options. Contact us now at 403-263-9905. We’re happy to help you.

Calgary Office
Suite 210 - 1935 32 Avenue NE
Calgary, AB T2E 7C8

Phone: 403-263-9905

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We offer a credit consolidation payment plan along with credit counselling services in Calgary, Alberta, Canada, and are often discussed in the media.