Consolidated Credit Counseling Services of Canada Reviews
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About Consolidated Credit Counseling Services of Canada
Consolidated Credit was founded in 1993, with Canadian services established in the mid-2000s. The company continues to help consumers with credit, debt and financial obligations, operating under the belief that education is a key to a person's financial success. It provides credit counseling and financial education, and may discuss debt consolidation options with you or refer you to appropriate professionals.
- May reduce your payments by up to 50%
- Talk to a credit counselor
- Free counseling services
- Only works with unsecured debt
- May require closing or restricting credit accounts while enrolled
Helpful Reviews
How does Consolidated Credit Canada’s credit counseling work?
Consolidated Credit Canada offers nonprofit credit counseling services to discuss options and develop a strategy for getting out of debt. Consumers that sign up with Consolidated Credit Canada can:
- Talk to a credit counselor for free. Consolidated Credit Canada’s service begins with an over-the-phone evaluation of your budget and debts. A credit counselor asks for some basic information to help get to the root cause of your financial challenges and conducts a soft check on your credit. During this conversation, your credit counselor may discuss the following debt solutions, depending on their relevance to your situation:
- Taking out a consolidation loan
- Joining a debt management program
- Applying for a debt settlement plan
- Filing a consumer proposal
- Declaring bankruptcy
- Start whenever they’re ready. Your phone call with Consolidated Credit Canada’s credit counselors doesn’t bind you to its services. Take your time deciding what option is best for you. Once you’re ready to enroll, Consolidated Credit Canada contacts your creditors on your behalf and works with them to lower your interest rates and fees.
- Get out of debt in less time. If your best course of action is a debt management program, then you can enroll in one directly through Consolidated Credit. It oversees your debt repayment plan and helps minimize extra charges on what you owe. When you follow Consolidated Credit Canada’s advice, you can lower your payments by anywhere from 30% to 50%.
Consolidated Credit Canada debt management program
Consolidated Credit Canada’s debt management program helps you get out of debt faster by consolidating your credit card accounts and other unsecured debts into one monthly payment without the need for a debt consolidation loan. Consolidated Credit Canada works with your creditors to reduce or eliminate the interest and fees on your payments so you can concentrate on paying off the principal debt.
Many types of unsecured debt, especially credit cards, may be eligible for Consolidated Credit Canada’s debt management program. But the company specializes in dealing with credit card debts.
How much does Consolidated Credit Canada cost?
The initial interview with Consolidated Credit Canada is free, but the nonprofit charges a fee if you enroll in its debt management program. Consolidated Credit Canada sets its monthly fees based on your budget and level of financial hardship and rolls the cost into the monthly payment you make to pay off your debt.
FAQ
Does Consolidated Credit Canada hurt your credit?
Enrolling in Consolidated Credit Canada’s debt management program may have a short-term impact on your credit, but consistent payments can help over time. However, things you do as part of the program, like making on-time payments, can increase your credit score. Not making your agreed payments could cause your credit score to decrease.
What does Consolidated Credit Canada do?
Consolidated Credit Canada helps you pay off your debts faster by working with you to create a manageable payment plan. Consolidated Credit Canada also works with your creditors to help you get a lower interest rate on your payments.
Does Consolidated Credit Canada really work?
Yes. If you fully commit to following Consolidated Credit Canada’s advice, its debt management program can reduce your payments by anywhere from 30% to 50%.
Still have questions?
Is Consolidated Credit Canada good?
If you’re struggling to make payments on your credit cards and want a lower interest rate, Consolidated Credit Canada’s credit counseling services are worth checking out. With an easy application process and the ability to reduce your payments by up to 50%, Consolidated Credit Canada is a viable option for people who want to work with a reliable online credit counseling agency.
Consolidated Credit Counseling Services of Canada Reviews
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Consolidated Credit Counseling Services of Canada Company Information
- Company Name:
- Consolidated Credit Counseling Services of Canada
- Website:
- www.consolidatedcreditcanada.ca




