Credit Counselling: Benefits

Understand how credit counselling can help.

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The Value of Credit Counselling

When you’re overwhelmed by debt, knowing where to turn can be the hardest part.

Credit counselling offers the guidance and support needed to begin regaining control of your finances. By meeting with a certified debt professional, you can better understand your situation and explore personalized solutions — whether that’s lowering your interest rates, consolidating your debt, or even considering a formal consumer proposal. It’s a great way to start making informed decisions about your financial future, no matter how complex your situation may feel right now.

Find Out How Much You Can Save – With a Consumer Proposal!

Explore how much of your debt you could reduce and what your new monthly payment might look like.

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Taking That First Step Can Make All the Difference

Credit counselling doesn’t mean making a commitment to one specific path — it means understanding your options and choosing the best one for you.

Through a simple and confidential conversation, a Licensed Insolvency Trustee can walk you through the benefits and drawbacks of each solution, including debt management plans, consolidation loans, and consumer proposal. If you’re not sure which direction to take, credit counselling offers clarity, structure, and — most importantly — hope.

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All the Benefits of Credit Counselling

Here are some of the most meaningful ways credit counselling can help you take back control of your finances and support your financial reset:

Personalized financial advice

Based on your specific debt situation

Lower interest rates

Possible reduction on current unsecured debts

One manageable monthly payment

Simplifies your repayment plan

Avoid bankruptcy

Explore alternatives before resorting to bankruptcy

Reduce collection stress

Counsellors can give you options to help stop collection calls

Rebuild your financial confidence

Learn budgeting and money management

Explore all debt relief options

Understand what’s legally available to you

Non-judgmental support

Compassionate professionals ready to listen and guide

Book a free consultation with Spergel today, and we will calculate a payment plan for you to get started.

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Which Types of Debt Can Credit Counselling Help With?

Credit counselling is especially helpful when managing unsecured debts, which are the kinds of debt that aren’t tied to a physical asset. With the right approach, these debts can often be grouped together into one easier-to-manage payment, and interest rates may be reduced depending on your solution. Credit counselling can assist with:

Credit card debt
Retail and store card debt
Payday loans
Cell phone bills
Utility bills
Medical bills
Non-government student loans
Unsecured lines of credit

Read our helpful FAQ to answer more common questions about credit counselling.

FAQ

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How Do I Get Started?

The first and most important step is to speak to a Licensed Insolvency Trustee.

They will listen to your story, answer your questions, and help you map out a plan to take control of your finances. No matter how serious your debt may feel, there’s always a solution — and you don’t have to figure it out alone. Licensed Insolvency Trustees are the only professionals in Canada legally able to file all forms of debt relief. At Spergel, our experienced LITs offer:

Free consultations
Meetings with you as often as you need
A full review of your finances and options
Affordable, practical solutions
A 99% acceptance rate on consumer proposal we file

You Don’t Need to Go Through This Alone. Let’s Talk About Your Options.

Book a free call with Spergel today, and we will make a plan that works for you.

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Real Canadians. Real Success — Like Sarah

“In just three months, tracking my spending became a game-changer. I thought I was budgeting well, but the reality was eye-opening. Spergel helped me realize that the ‘small’ purchases were adding up. Thanks to their guidance, I saved $600 in just two months!”

– Sarah, Ontario

Read Sarah’s Story

Sarah’s Story is just one of many

It shows that once you face your debt and get the right help, life can get better – quickly. Discover more Success Stories of Canadians we’ve helped, or reach out to us.

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