Credit Counselling: Outcomes

A closer look at what you’ll learn through credit counselling.

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What Happens During and After Credit Counselling?

Credit counselling is about more than just reviewing your finances — it’s about building a path forward.

After sitting down with a trusted advisor to understand your debt, you’ll be guided through practical options based on your specific situation. These often include:

Consumer Proposal
Debt Consolidation Loans
Debt Management Plans

Once a plan is chosen, you can expect support through the process, and real progress toward becoming debt-free. When you work with a Licensed Insolvency Trustee, the outcome of credit counselling is often a feeling of clarity, hope, and control over your finances again.

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

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Where Credit Counselling Can Take You

Credit counselling is designed to guide you toward realistic, achievable debt relief.

With the help of a professional, you’ll have the opportunity to choose a solution that suits your budget and lifestyle. It’s about making sure you fully understand your options — then walking with you every step of the way until you reach financial peace of mind.

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outcomes

What Could Be the Outcome of Credit Counselling?

These are the most common debt relief solutions recommended through credit counselling:

Consumer Proposal

A legally binding agreement with your creditors that can reduce your debt by up to 80%. Filed by a Licensed Insolvency Trustee, it protects your assets and stops collection calls while giving you a manageable monthly payment.

Debt Consolidation Loans

A new loan that combines multiple unsecured debts into one monthly payment. This option can help lower your overall interest and make repayment more straightforward—especially if you qualify for a better rate.

Debt Management Plans

Typically offered through not-for-profit agencies, this option involves negotiating lower interest rates while paying back the full amount owed. It simplifies your payments into one monthly amount and may help you repay debt faster.

Budget Coaching & Financial Education

Credit counselling often includes helpful tools and advice to build a healthier financial future. You’ll learn how to budget better, avoid high-interest debt, and rebuild your credit confidence.

Peace of Mind

Beyond the numbers, credit counselling offers emotional relief. Knowing there’s a clear plan in place — and that someone is on your side — can be a powerful outcome in itself.

Feel empowered to take the next step

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

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How Do I Get Started?

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

(LITs) Licensed Insolvency Trustees are the only professionals in Canada legally able to file all forms of debt relief. At Spergel, our experienced Licensed Insolvency Trustees offer the following:

Free consultations
Meetings with you as often as you need
A review of your financial situation and an explanation of all your debt relief options
Affordable debt relief solutions
A 99% acceptance rate on any consumer proposal we file

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

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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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