Consolidated Credit Review

Consolidated Credit is a national credit counseling organization that strives to assist people throughout Canada to secure their financial future. The agency works with consumers throughout Canada to help them develop effective strategies for paying off credit card debt. They have helped over half of a million Canadians to achieve financial control over their debts. Consolidated Credit is dedicated to providing Canadians tools that can help them consolidate their outstanding debt into a single account and pay it off faster and at a lower interest. They state that they helped more than 500,000 Canadians get out of credit card debt for over 14 years.

This information is not provided on their website. According to LinkedIn, its President is Gary Sherman.

Consolidated Credit’s counseling services are designed to help consumers overcome challenges with credit card debt. Your suitability for Debt Management Program (DMP) will depend on your budget. To be approved, get in contact with one of their counselors and have your case evaluated. For your first session, you will need to provide the following information:

• Your net income;

• Credit report, the current balance, APR, and current payment for each credit and debt;

• The amount of money you spend each month on other debts, such as utility bills and mortgage;

• Estimated monthly expenses, such as food and gas.

A credit counselor should figure out effective strategies for tackling your debt.

Consolidated Credit is designed to provide a free evaluation to review the options for your debt relief. There is no fee for the consultation. If you enroll in the Debt Management Program (DMP), there will be a one-time fee and a nominal monthly fee. The fees are not specified. They will be based on your budget.

Yes, it is a registered charitable organization under the Income Tax Act. Being a member of several organizations including the Canadian Association of Credit Counselling Services, an accredited member of the Better Business Bureau, the Toronto Board of Trade, and the Credit Association of Greater Toronto, and as such they must follow uniform standards of excellence, governance, and integrity, including a strong code of ethics. They also have an A+ rating from the Better Business Bureau.

Consolidated Credit provides financial aid by developing a plan which will diminish your credit. Make 3 easy steps to find relief from your debt:

1. Start with a free phone call at (844) 5054323 and get a personal assessment of your situation. Speak with their expert and receive the knowledge you need to better your finances and credit. A trained credit counselor will help you to identify the best options for getting out of debt. A counseling session is free.

2. Examine possible solutions to get out of your debt. The options can be the following: consolidation loans, debt settlement, consumer proposals, debt management programs, or bankruptcy. 

3. Set up a plan. The counselor will assist you to administer a program for you that can help you successfully dig your way out of debt. The agency will deal with distribution payments to your creditors.

You can get a free evaluation on their website just in several minutes:

1. Go to the homepage of the website and choose your total credit card debt amount from $1,000 up to $75,000. Click the “Get free quote” button.

2. Provide your first and last name, email address, phone number, and postal code. Indicate the status of your payments from the listed: current and/ or just falling behind, behind less than 6 months, or more than 6 months behind.

There is a “You are not alone” section on their website which states the name of the person who got help from Consolidated Credit and the amount of debt of this person. They also indicate the time when a certain person got help to show that it happened recently. Moreover, the time is indicated in the interval of up to 30 minutes, which creates the feeling that this has just happened. 

If you have any questions or need help, contact credit counseling toll-free by email or phone:

• [email protected]

• (844) 586-9287

Contact its Contact Client Service Team at (844) 586-9287. They are available Monday-Thursday 9:00 am-8:00 PM and Friday 9:00 am-5:00 pm. You can send something by mail to the following address:

Consolidated Credit Counselling Services of Canada, Inc.

505 Consumers Rd, Suite 400

Toronto, Ontario M2J 4V8

If you prefer to use social media, find the lender on Facebook or Twitter.

Consolidated Credit Canada seems to be trustworthy with 5,709 reviews and an average rating of 4.7 on Trustpilot. On their website, you can also find real examples of clients the company has helped in different provinces, territories, and cities. Choose the place and find people’s stories about handling their debts.

A free debt evaluation will not negatively affect your credit history. Obtaining free counseling will facilitate you to determine the best course of action that needs to be taken to reduce your debt burden. Enrolling in a debt management program will be stated in your credit report, and it can lead to decreasing your credit score. It really depends on the impact of your reliance on credit prior to joining a program. But don’t worry, it will remain on your credit report for two years from the day you completed the program. Over time, regular on-time payments and reducing your debt will help to improve y