Credit Counselling Canada

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Credit Counselling

What is credit counselling?

Credit counselling is a free service in Canada to help individuals who are experiencing financial distress. It is also known as debt counselling and consumer credit counselling.

Credit counsellors provide help to people dealing with debt by explaining them personal budgeting principles and helping them understand and control their finances to avoid problems in the future.

Other services also include debt negotiation and settlement with your creditors.

To ask a question about credit counselling in Canada:

The latest credit counselling questions, with our experts' responses:

I owe $35,000 in unsecured debt, I had started a business in the entertainment Industry, I front loaded the business in the amount of $100,000 and also had to pay a $55,000 Levy, my wife and I have been making minimum payments and have not missed a monthly payment but have been late 3- times. […]

Filed under: Credit Counselling
Posted on Monday, October 13, 2014
box listanswered by Questions @ 9:32 am 1 Comment

Can you still apply for Credit Counselling if you have been served papers for credit card debt? A judgement has not been filed yet – still have 15 days. Posted from: Alberta

Filed under: Credit Counselling
Posted on Wednesday, October 8, 2014
box listanswered by Questions @ 7:55 am 1 Comment

In 2007 I moved to Europe and used my credit card limit of around 80 K to establish a business. I continued to pay the minimum payment for 1 year but after that the business did not go well and I stopped the payments. Now I want to return to Canada. How do I know […]

Filed under: Credit Counselling
Posted on Monday, September 15, 2014
box listanswered by Doug Stuive, CA | Trustee | CIRP @ 2:08 pm 1 Comment

I was left with 2000 credit card bills, house damage worth 20000 and car repairs worth 5000. I am on a temp employment and took money from my rrsp to survive. I need my credit card bills to go away, I’m making min payment and I’m drowning Posted from: Manitoba

Filed under: Credit Counselling
Posted on Monday, June 9, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 10:28 am 1 Comment

I have been in a poor financial state for a couple of years, and fear that I am in over my head. I am scared to declare bankruptcy, however, am not sure that I have an option. I am not sure whether bankruptcy or perhaps a consumer proposal would be beneficial for me, as I […]

Filed under: Credit Counselling
Posted on Monday, October 14, 2013
box listanswered by Questions @ 6:41 pm 1 Comment

will getting an R7 prevent me from getting work? Posted from: Ontario

Filed under: Credit Counselling
Posted on Wednesday, October 9, 2013
box listanswered by Questions @ 5:58 am 1 Comment

I am 45 000 in unsecured debt and i can’t pay my monthly interest. I was thinking about bankruptcy, but leaning toward credit counseling. What would you recommend I do? Posted from: Ontario

Filed under: Credit Counselling
Posted on Monday, August 26, 2013
box listanswered by Questions @ 11:13 pm 1 Comment

My mother in law is a senior and is in debt by $ 11,000 a month but just does not see the end of her debt! Under credit counselling would she have to give up her credit card if she goes through this! And if so would it not be as wise to go to […]

Filed under: Credit Counselling
Posted on Monday, January 21, 2013
box listanswered by Questions @ 8:36 pm 1 Comment

Is there a “time limit” or “time line” during the course of a Bankruptcy, in which the bankrupt must complete the two counselling sessions as required under the Act, or is it a matter of completing the two sessions at some point throughout the bankruptcy proceedings prior to bringing an application for a discharge. Posted […]

Filed under: Credit Counselling
Posted on Wednesday, September 12, 2012
box listanswered by Questions @ 12:57 pm 1 Comment

hello my question is this one. im from argentina but im living in canada as a citizen but i have problems with my credit card for about a year now a Collection Agency is taking me to court but i have no job in canada my only income is from my office in argentina but […]

Filed under: Credit Counselling
Posted on Wednesday, April 11, 2012
box listanswered by Questions @ 9:32 am 1 Comment