Debt Relief Solution
Credit Counselling: Expert Help to Build a Plan
One‑on‑one support to understand options and choose the right path.
Talk to a counsellor about your options
We’ll connect you with a reputable non‑profit where available.
What It Is
What it is
- One‑on‑one budgeting and debt coaching plus education on credit use.
- May include a DMP proposal to creditors if appropriate.
Advantages and Considerations
Advantages
- Personalized budgeting help and education.
- May secure interest relief via a DMP without court filing.
Considerations
- Counsellors cannot file proposals/bankruptcies (only LITs can).
- No legal stay from counselling alone.
Eligibility Requirements
- Good for those who can repay with structure and interest relief; those early in delinquency.
Costs & Fees
- Counselling often free/low‑cost; DMPs include modest admin fees.
Credit Impact
- A DMP may appear on your file; payment history during the plan matters most.
Included and Excluded Debts
Understanding which debts qualify for this solution
Included Debts
- Budgeting, creditor communication, DMP administration (if applicable)
Excluded Debts
- Legal filings (proposal/bankruptcy) — you’ll be referred to an LIT if needed
See Your Best Next Step
Enter your total unsecured debt to preview counselling, DMP, or proposal routes.
!
This is educational information—no credit check, no obligation.Step-by-Step Process
- Assessment of your budget and goals.
- Explore options (self‑help, DMP, LIT referral).
- Action plan with follow‑ups.
Preparation Checklist
- ID and income proof
- List of debts & minimums
- 1–3 months bank statements
- Recent credit report (if available)
Timeline and Duration
- Week 0–1: Intake & budgeting session
- Week 1–2: If pursuing a DMP, proposals sent to creditors
Alternative Solutions
- Consumer proposal via an LIT if payments are unaffordable.
- Debt consolidation if you qualify for a lower rate.
Will counselling hurt my credit? No. Entering a DMP might be noted; the key is consistent on‑time payments.
Important Warning
Confirm the non‑profit status and fee schedule; avoid high‑pressure sales tactics.
Common Myths and Misconceptions
- Myth: Counselling locks you in — Reality: You can still choose a proposal or other option later.
Provincial Variations
Debt relief rules differ by province. Expand any province to see key details and service-specific notes.
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Nova Scotia
Ontario
Prince Edward Island
Québec
Saskatchewan
References
- FCAC: Credit counsellors and DMPs: https://www.canada.ca/en/financial-consumer-agency/services/debt/debt-help.html
- ISED Consumer Hub (counselling agencies): https://www.ised-isde.canada.ca/office-consumer-affairs-consumer-hub/en/sector/term/278