Credit Counselling Services
Need help dealing with your debts? Not sure how bad debt will affect your credit rating? Require expert advice on budgeting? Don't want the pressure of buying something just to get advice? Our experienced and certified credit counsellors can help you find the best, unbiased solution based on your own personal financial situation.
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After a free consultation reviewing your income, expenses, assets, and debts financial form, your counsellor will suggest options available to you such as:
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Do-it-yourself Plans
Perhaps your financial situation is such that you can still deal with your debts on your own, you just need a little guidance. Your counsellor will guide you through do-it-yourself options including:
- Re-working your budget
- Power Pay your debts away yourself. Click Here
- Refinancing loans
- Consolidating loans. See the Tip Sheet in our Learning Centre
- Making a lump sum payment. See the Tip Sheet in our Learning Centre
- Negotiating with creditors. See a Sample Letter to Creditors under Tip Sheets in our Learning Centre
- Obtaining and understanding your credit report: Equifax Canada Trans Union
The Orderly Payment of Debts Program
This program is for you if you can pay off your debts 100%, you just need some time, a reduced interest rate, and stress relief from the collectors. The Orderly Payment of Debts (OPD) Program has been around since the 1950's. Money Mentors has been the exclusive provider of the OPD program in Alberta since 1997. For more information, visit the Government of Canada website.
This government program guarantees:
- No more calls from collection agencies
- 5% interest rate, no negotiating needed
- Covers all unsecured debt including student loans and Income taxes
- No start-up fees
- All fees rebated on new OPD programs starting January 2, 2012
Are you thinking the Orderly Payment of Debts Program is for you? Click here to do a
Self-Assessment.
Referrals
In situations where your expenses far exceed your income, legal advice, or other community support services are needed, our credit counsellors will ensure you know where to go to get further help.
Bankruptcy and Consumer Proposals are provided by trustees. Our counsellors can explain the process, long term effects, the cost, and trustees nearest to you.
Most loans come with a contract which may require legal advice. We are not lawyers so check out Pro Bono Law Alberta.
Due to unemployment, you may not be able to pay your payments and continue to have collection agencies call you. Know your rights. See "What Creditors can do if you can't pay".
Click here for information on Mortgages.
Click here for a list of phone numbers for Community Services in Southern Alberta. 
For more tips and resources, visit our Learning Centre.
To book your free consultation with a credit counsellor phone 1-888-294-0076 or
e-mail us at info@moneymentors.ca
