Now that the Ontario government has restricted debt advisors from charging up-front fees before completing a settlement with creditors, many debt relief companies are switching their business tactics. What they now offer is so called consumer debtor protection services, debt assistance or consumer proposal referral programs. What is consumer debtor protection and what are they […]
All forms of debt settlement appear on your credit report in the same way. They are listed as an R7 to show that you have entered into some form of settlement agreement for the debt. This agreement might be a debt settlement plan, a credit counselling plan or a consumer proposal. That means that initially, […]
The holidays bring joy, but they can also create stress and anxiety for many people. We talk with a clinical services counsellor at Carizon Family & Community Services for tips to help you cope.
Debt problems can happen at any age, at any income level. We talk with Heather Cudmore about how credit counselling and a debt management plan can help.
Richard Dunwoody from AFO Venture Group offers his opinion on how credit counselling agencies in Canada operate and what this means to consumers.
Listen to the podcast A Different View of Credit Counselling Doug H: Welcome to Debt Free in 30, the show where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. I started the show almost a year ago to provide practical advice on how to […]
Ontario has implemented new debt settlement laws to protection consumers against unscrupulous debt settlement practices. You’ve seen the ads. Debt settlement companies promise to “reduce your debts by 70%”. They say “don’t talk to a trustee about bankruptcy or a consumer proposal; talk to a debt settlement company instead!” They offer to settle your debt for […]
Our guest today is Chris deVries, who worked for over 13 years with a large Canadian bank. The morning after we recorded this show Chris quit his job at the bank, and accepted a job as a leadership trainer for another organization. Chris started the show by explaining his background, and telling us about the wide range of people he has counselled through his church. In his experience the concept of managing finances is not taught well, and as a result many people go through life learning some tough lessons the hard way about debt and money.
Sue Davey is a credit counsellor with the Family Counselling Centre of Brant, a full service not-for-profit agency that celebrated its 100th anniversary in 2014. As a full service agency the Family Counselling Centre of Brant can help people with money problems, but can also help with the causes of those problems, and can provide counselling for addiction, family and other issues.
Full Transcript from Show # 7 - Credit Counselling vs. Debt Reduction Companies [Start of recorded material 00:00:00] Doug Hoyes: Welcome to Debt Free in 30 where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. Today we are going to talk again about […]