Debt Management
Are you in financial trouble? Learn how to recognize the danger signals
- You continually go over your spending limit or use your credit cards as a necessity rather than a convenience;
- You always borrow money to make it from one payday to the next;
- Your wages have been garnisheed to pay for outstanding debts;
- You pay only monthly interest or service charges and are unable to reduce your total debt over several months;
- Creditors pressure you for payment; they threaten to sue you or repossess your car, furniture or television or to hire a collection agency to recover the money you owe them; or
- Utility companies cut off service because your bills have not been paid.
To find out more, read:
Alternatives to Bankruptcy
Visit the FAQ section of the Office of the Superintendent of Bankruptcy Canada website to read answers to frequently asked questions about bankruptcy.
Credit Counselling
Credit Counselling Canada
Credit Counselling Canada / Conseil de Credit du Canada (CCC), is a non-profit organization, established in 2000 and governed by a volunteer board of directors. CCC was created to provide a forum for not-for-profit credit counselling agencies and provincially legislated Orderly Payment of Debt programs from across Canada to work together to increase consumer awareness of available assistance programs, and to develop national standards in not-for-profit credit counselling.
The CCC website allows you to select your province which then links to resources in your region. All of the organizations that are linked to this site are accredited non-profit organizations, and most provide either face to face or toll-free assistance over the telephone.
