Consolidated Credit is a non-profit organization that helps Canadians find relief from credit card debt and achieve long-term stability through financial education and professional counselling.
Services Offered
AMOUNT
10% of monthly DMP payment
Debt Relief Solutions
Debt Management Program
A debt management plan or program – DMP for short – 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.Setup Fee:
$49Monthly Fee:
10% of monthly DMP payment, capped at $59/monthCredit Counselling
Consumer credit counselling services are designed to help consumers develop effective strategies for paying off credit card debt. Non-profit credit counselling is not a debt solution in and of itself. Instead, it’s a service that helps you identify the best solution to use based on your debts, credit, and budget.Budgeting and Resources
At Consolidated Credit, we believe that education is the key to helping people achieve financial stability. So, we’ve created a library of resources to help consumers build financial literacy. You can browse by type of resource or you can find complete financial literacy courses that cover specific topics, such as budgeting, saving, debt management and building credit.Contact information
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1-844-515-2520 / 1-844-515-2520 -
505 Consumers Road, Suite 400 Toronto, Ontario M2J4V8
Availability:
All of CanadaSupport Offered:
- Call Centre
- Help Centre/Blog
- Web Chat
Call Center:
Monday-Thursday: 8:30am-8:00pm EST<br> Friday: 8:30am-6:00pm EST<br> Saturday: 9:00am-2:00pm ESTFrequently Asked Questions About Consolidated Credit
What is Consolidated Credit?
What types of services does Consolidated Credit offer?
Consolidated Credit offers debt relief through education and professional counselling. This includes debt consolidation, budget reviews, counselling sessions, debt management program and other solutions that are specially tailored to different situations.
What is the easiest way to reach Consolidated Credit to learn more?
Consolidated Credit can be reached by phone, email, or through a contact form on their website. You can call Consolidated Credit at 1-844-515-2520.
Is Consolidated Credit legit?
Consolidated Credit has been helping Canadians with debt relief since 2007 and is a well known and respected Canadian company. In addition, Consolidated Credit has numerous accreditations, including the Ontario Association of Credit Counselling Services, Canadian Association of Credit Counselling Services, Better Business Bureau with A+ rating and Credit Association of Greater Toronto (CAGT).
Who should use a Debt Management Program?
Debt management can help you become debt free faster when traditional monthly payments don’t work. When you’re juggling multiple credit card balances, it can feel like you’re trapped in a cycle of debt. If minimum payments aren’t working to make a dent in your balances, then you need to find a solution that will make it easier to become debt-free. A debt management program is one of several solutions that can provide relief from high interest rate credit card debt.
How much does a Debt Management Program cost?
Consolidated Credit charges a setup fee of $49. After that, the monthly payment is 10% of your total monthly DMP payment amount, capped at a maximum of $59 per month.
