Credit Counselling

Information regarding credit counselling in Canada - Risks, benefits, and how things work.

There Are Advantages of Credit Counselling Services

In certain situations, credit counseling is the only means to prevent phone calls from collection agencies and dealing with other debt-recovery practices. As with all programs, it is essential to review all available options before deciding on the right one to serve all of your individual needs. Part of a complete review would include a diligent check of the credit-counselor's credibility and more importantly, licensing.

Credit Counseling - How it works

There are no shortages of companies and even "not-for-profit charities" offering their versions of "credit counselling". Generally, the idea of credit counseling is based on the credit-counseling agency taking control of the client's credit accounts and arranging for a new debt repayment plan. The credit counselor would request of the creditors, that based on the financial hardship of the client, they should freeze the interest (or at least reduce it) so that the re-payment of the debts may be accelerated.

The greatest benefit of credit counseling is that the client may no longer have to deal directly with the creditors or their collection agencies.

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Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

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