Debt Management Program

What is debt management?

A debt management plan or program consolidates credit cards and other unsecured debts into one monthly payment. It’s not a loan and unlike other forms of debt consolidation, you still owe your original creditors. It’s basically a professionally-assisted debt repayment plan that you set up through a credit counselling agency.

The credit counselling agency helps you set up and oversee a repayment plan that works for your budget. A debt management plan enables you to get out of debt faster because it minimizes the interest charges applied to what you owe. That way, you can focus on paying down your balances, which allows you to get out of debt faster.



Debts Problems?

Most of our money problems involve credit cards, personal loans, and other forms of unsecured debt that can be very difficult to manage on your own and by the time we realize we are in debt and the situation is already out of hand.

Whatever your debt problems are, there are a number of steps you can take to reduce or eliminate debt. Debt management help includes everything from debt consolidation loans and debt consolidation programs, to consumer proposals and the "last resort" – bankruptcy. What's important to know is that you can get debt management help and become debt free.

CFFC is affiliated with a leading Non-Profit Organization Consolidated Credit Canada, which has been Helping Canadians find relief from credit card debt and achieve long-term stability through financial education. Consolidated Credit’s mission
To assist individuals and families in Canada in ending financial crises and debt management problems through education and professional counselling. Consolidated Credit is accredited by
1) Ontario Association of Credit Counselling Services
2) Canadian Association of Credit Counselling Services
3) Better Business Bureau with A+ rating
4) Credit Association of Greater Toronto (CAGT)