Introducing the only Alberta-based non-profit credit counselling agency.
We’ve helped thousands of Albertans become debt free in 5 years or less.
- Exclusive Provider of the OPD Program
- Affordable and Stress-Free Debt Consolidation
- Personalized Guidance and Support
“The strain and stress on our immediate lives changed almost overnight.”
Ron H | Verified Google Rating
Years serving Albertans
More than 28 years
Helped Albertans Pay Back
Over $450 million
Albertans Helped
Over 200,000
We'll reach out—just tell us when works for you.
Money Mentors' certified financial counsellors are available Monday to Saturday, including Monday to Thursday evenings.
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One Simple Monthly Payment
Consolidate all unsecured debts into one manageable payment with a fixed 5% interest rate.
Protection from Creditors
Collection calls stop, wage garnishments end, and you gain financial peace of mind.
No Set-Up Fees or Hidden Charges
Zero upfront costs make it easier to take control of your debt without added financial strain.
Expert Guidance & Free Resources
Access personalized debt counselling and free education to build a stronger future.
What Our Clients Have To Say
“Today I finished paying off my OPD program debt! I can’t thank Yve Boucher and the others on the Money Mentors team enough for all of their guidance. Throughout the 2 years that I worked with Yve she was always a call or an email away and I received guidance when I needed it and in a timely manner. I recommend Money Mentors to anyone that is struggling to get back into good financial shape. Shanae!! Meara Unfortunately, the debt was created by my half sibling and my father from stealing and reselling my property and not paying my bills and stealing my profits. So that’s awesome.. sometimes it’s not your fault.”
“Sharon’s ability to breakdown complicated business topics into easy to understand concepts is second to none! Her support has elevated my business acumen and I’m grateful for her guidance, mentorship, and wisdom. Thank you for the amazing work you do!”
“I am ashamed to be writing this review so many months after receiving the wonderful and timely advice from Alexander Martin, Counsellor with Money Mentors, Calgary, Alberta. I contacted him after carefully reviewing their website, back in November of 2024, and he graciously and extremely patiently explained the various aspects of handling my personal debt. I was so ashamed for allowing myself to fall into this trap of credit card debt. I should have known better. And for that reason, I was adamant that I needed to pay off the debt myself. I was not prepared to forgive myself for the fact that had I not been diagnosed with 3 types of cancer in 2016 and forced to quit work, I would have been able to meet my own commitments, but I chose to remain angry, lonely, and growing further in debt with increasing interest fees monthly. I was 75, and if I could just get a part time job... but after a whole year of applications and job fairs, that was not to be. Alexander was so kind; he explained the facts, and how so many Canadians fall into this trap annually, whether through illness, bad choices, job loss, or whatever other circumstance. He eased my guilt, and allowed me to see the light again. While Money Mentors does not handle the particular solution to my own problem, he was the guiding light on my journey towards the rest of my life and freedom. I did not bite the bullet finally until August of 2025, by the time I selected a Trustee to work with, but I am now well on my way. Thank you Alexander; I could not have done it without you! Barbara”
Why Money Mentors?
The Only Alberta-Based Non-Profit Credit Counselling Agency
We’re proudly Alberta-based and committed to helping our communities—not shareholders. As a non-profit, your success is our bottom line.
Local Experts Who Understand Your Reality
Our Certified Financial Counsellors live and work in the same towns and cities you do. That means we understand Alberta’s economy, cost of living, and challenges.
More Than Just Debt Help
From budgeting and money coaching to financial literacy programs in schools, we’re here to empower Albertans of all ages to thrive financially—for life.
Government-Approved Orderly Payment of Debts Program
We’re the only organization in Alberta authorized to offer this unique program that consolidates your debts into one affordable monthly payment.
What is the Orderly Payment of Debts (OPD) program?
Pretty much all Albertans have some debt, but when debt becomes overwhelming, it can be difficult to see a way forward. Money Mentors offers a unique debt consolidation repayment plan called the Orderly Payment of Debts (OPD) program, a federally legislated solution under the Bankruptcy & Insolvency Act (BIA) and monitored by the Province of Alberta.
Designed to be flexible, it fits any Albertan’s lifestyle and life circumstances, making it a stress-free way to consolidate all unsecured debts into one easy payment plan. With a fixed 5% interest rate and a clear path to becoming debt-free within five years, the OPD program helps clients regain financial control. Based in Alberta, Money Mentors is a non-profit organization and the exclusive provider of this program.
We offer the Orderly Payment of Debts (OPD) program, a government-approved solution under the Bankruptcy & Insolvency Act (BIA), monitored by the Province of Alberta. If a traditional debt consolidation loan isn’t a good fit, our OPD program provides a protected alternative that consolidates your unsecured, government, and student debts into one affordable payment plan with a fixed 5% interest rate. Most clients complete the program in about five years.
4 Steps to Becoming Debt-Free
As Alberta’s only non-profit credit counselling agency, we’re here to help—not to sell. Our proven process puts your needs first, offering the clarity and support you need to take control of your finances.
Step 1
Speak With a Certified Financial Counsellor
Connect with one of our non-profit, Certified Financial Counsellors for a confidential, no-obligation conversation. We’ll get to know your financial situation and goals.
Step 2
Explore Your Options
You’ll receive unbiased advice on all the options available — such as a consolidation loan, a Debt Management Plan, or the OPD program. We’ll explain the pros and cons of each so you can choose what’s right for your financial situation.
Step 3
Build Your Plan
Together, we’ll create a personalized action plan that works for you. Whether it’s the Orderly Payment of Debts program or another solution, we guide you every step of the way.
Step 4
Start Living Debt-Free
With your plan in place, you’ll make progress month by month. We offer ongoing support, tools, and education to help you stay on track and stay debt-free for good.
How David Paid Off $36,000 of Debt to Regain Financial Freedom
How Cheryl Created a Debt-Free Future for Her Family
How the Orderly Payment of Debts Alberta Helped This Father Pay Off $60K in Payday Loan Debt
What debts can be consolidated under the Orderly Payment of Debs program?
Unsecured debts
Overdrafts
Some types of government debt, including tax debt in OPD (if eligible)
Student loans (government or provincial) when included in consolidation or OPD
Benefits of debt consolidation through the OPD program
- Fixed 5% interest rate under OPD — significantly lower than rates typically charged on credit cards or payday loans.
- One monthly payment instead of many, which simplifies budgeting.
- Legal protection from creditor actions such as wage garnishments when using OPD.
- All included creditors must participate under OPD; you can’t be left out.
- Access to free financial counselling and resources to help rebuild credit and budget more effectively.
Frequently Asked Questions
What is the Orderly Payment of Debts (OPD) program?
The OPD program is a federally legislated debt consolidation program, monitored by the Province of Alberta, that helps individuals repay unsecured debts through a structured repayment plan with a fixed 5% interest rate.
How does the OPD program help me manage my debt?
The OPD program consolidates all your unsecured debts into one easy monthly payment, stops collection calls and wage garnishments, and ensures you pay off your debt within five years.
What types of debts are covered under the OPD program?
The program covers credit cards, personal loans, lines of credit, student loans, income tax debt, government debt, some business debt, and more.
What is the difference between using a debt consolidation loan vs. the OPD program?
A debt consolidation loan is a private financial product where you borrow money to pay off your existing debts, then repay that loan at the given interest rate. OPD is not a new loan — it legally consolidates existing debts into a repayment plan via court order, at a fixed 5% interest rate, providing greater protection from creditors.
Are there any start-up fees to join the OPD program?
No, there are no start-up fees or hidden costs. The program is designed to make debt repayment affordable and stress-free.
What additional support does Money Mentors provide?
Clients receive personalized debt counseling, access to free financial education courses, and additional resources to help them build long-term financial stability.
Are there risks with debt consolidation loans I should know?
Yes. Some consolidation loans have very high interest rates if your credit score is low. They may also allow you to keep using credit cards (which can lead to more debt), and they don’t always stop creditors or legal actions. It’s important to compare all your options.
Which is a better solution for my debt - consolidation loan or OPD?
The OPD program is a better solution for your debt since it doesn’t involve taking out another loan, has an interest rate of only 5%, and comes with a dedicated Certified Financial Counsellor who can guide you through your debt repayment journey.
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