Archives: FAQs
This one confuses a lot of people. Credit counselling is support and structure. You work with a counsellor to create a plan, and they may help…
Credit counselling for bankruptcy is often explored as a first step before making more serious financial decisions, and yes, in many cases, credit…
Yes, credit counselling often leads to structured debt repayment planning, where your debts are organized into one manageable monthly…
Most credit counselling services include a full review of your finances, help building a realistic monthly budget, guidance on dealing with…
Yes, credit counselling can be genuinely helpful, but it’s important to understand what it can and can’t do:
When It Is Helpful
Credit…
Credit counselling is a service that helps people understand and manage their debt, budgeting, and overall financial situation, usually with the goal…
Yes, initial consultations with a Licensed Insolvency Trustee are free and…
Credit cards are included in the process and must be surrendered when…
It depends on the service. Most insolvency services are based on your financial situation, not your credit…
No. Many assets are protected under Canadian law, and essentials are typically not…