This alternative to bankruptcy is ideal for people who have enough money to pay off their debts but need help figuring out how to do it. Credit counselling in Ontario is done by not-for-profit organizations that are committed to helping people get out of financial trouble. Credit counsellors will negotiate with creditors to reduce the interest you are paying on your debts and can combine multiple debts into one easy-to-manage monthly payment.

If you would like learn more about credit counselling, you can call 1-866-345-4801. If you do not think credit counselling is for you, see our articles on consumer proposals and filing for bankruptcy.