Let's explore your debt consolidation options together and get you on track to a healthier financial future.
When debt becomes overwhelming, it may feel like you’ve run out of options. That’s where Money Mentors comes in. We know all the debt repayment options, including our exclusive Orderly Payment of Debts (OPD) program. We’ll walk you through them all and figure out what’s best for your unique situation―for free.
If debt is troubling you, consolidating it can help. Debt consolidation is the process of combining debts into one monthly payment through a loan or negotiation process. Debt consolidation works by consolidating all your debts into one lump sum, often saving you money on interest charges, lowering your monthly payment and getting you out of debt faster.
While legislated debt management programs limit access to credit for several years, they do not permanently ruin someone’s credit score. It is always possible to rebuild your credit score! We have lots of free resources and information to help you do this―including our online course, Credit Cross-Training, Credit Comeback pdf handbook, and our Credit Ratings & Credit Scores blog post.
In Alberta, there are five main debt solutions to help you get out of debt. Not all options involve the consolidation of your debts. Alberta debt relief options include:
Get the details about each option below.
Everyone’s debt situation is different, which means every client needs a unique and customized approach. Our counsellors will explore debt relief options with you and provide information so you can confidently tackle your debts in the best possible way. Book your FREE Financial Needs Assessment today!