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Bankruptcy and credit counselling are two commonly compared options to deal with debt problems. Understand the benefits and downsides of each alternative and which would best suit your financial situation.
Are you considering credit counselling to help you manage large amounts of unpaid debt? Doug Hoyes explains affordability, alternatives and additional consequences of this type of program.
Have you fallen into the payday loan trap, and are now struggling to pay them back? Find out why credit counselling may not be the best solution to deal with payday loans and what a better option is.
Are you wondering if you should use credit counselling or a consumer proposal to get out of debt? We explain both solutions, provide a pros and cons list and fully compare both strategies.
Not-for-profit credit counselling agencies still have to get paid, and they earn kickback fees mostly from banks. Learn 5 reasons why these agencies are now just debt collectors and why it matters to you.
Doug Hoyes reviews the business side of credit counselling, how agencies are funded by big banks and why it may not always be the best solution to get out of debt.
Two credit counselling sessions are mandatory if you decide to file for insolvency. Doug Hoyes explains why they are a required duty of you and what you will learn in these sessions.
To complete insolvency duties, you must attend 2 credit counselling classes. Ted Michalos explores his thoughts on what these credit counselling sessions should entail for consumers to truly benefit.
Many people prefer to talk with a credit counselling agency before a Licensed Insolvency Trustee. Before you do, understand how credit counselling and a debt management plan work.