the difference of impact on your credit rating between enrolling on credit counselling and consumer proposal
Posted from: Ontario
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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:
- Post an anonymous question about credit counselling to our blog.
The latest credit counselling questions, with our experts' responses:
Posted on Friday, December 18, 2009
posted by Questions @ I personally learned quite a few lessons about personal finance and dealing with collections in a very short space of time.
I am confused with one problem. I pulled my credit report from Equifax and there is one credit card debt from march 2007 and it is marked as Written Off - Closed by Credit […]
Posted on Tuesday, November 24, 2009
What is the difference between a credit Counseling loan and a consumer proposal? Are they both R7 on the credit bureau?
Posted from: Ontario
Posted on Thursday, October 29, 2009
I am already with a credit counselling program but recently got a lay-off from my job. If I don`t make my payments what will happen?
Posted from: Newfoundland and Labrador
Posted on Monday, October 26, 2009
How does reducing debt thru cc affect your credit rating?
Posted from: Alberta
Posted on Thursday, July 30, 2009
Is credit counselling the same a bankruptcy?
Posted from: Ontario
Posted on Friday, May 1, 2009
Unfortunatly I am going to go for bankruptcy and in the meantime I am moving to USA. my question is , do I have to be personaly present for credit counselling session? Is there any other option like phone counselling or on line counselling ?
My other question is , will filling bankruptcy in Canada will […]
Posted on Wednesday, April 15, 2009
Can I switch to bankruptcy from credit counselling program ?
Posted from: Ontario
Posted on Monday, March 30, 2009
What is the difference between Consumer Proposal and Credit Counsellingé Or are they the same.
Posted from: British Columbia
Posted on Thursday, March 26, 2009
I`m presently on a Debt Management. Can I still apply for consumer proposal? I have been in the program for 1 year.
Posted from: Ontario
Posted on Tuesday, March 24, 2009
