OPD Alberta | Orderly Payment Of Debts Program

What our clients have to say

Meara P.

1736806965

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

Ron H.

1730748085

Money Mentors rescued me from a debt problem I could never seem to overcome. After years of best intentions, trying to be responsible, borrowing from one source to pay another, and then losing my job, it became impossible to just get by another month. The stress and anxiety were bringing me down, and worse, bringing my wife down with me. I feared it would feel like defeat, and an embarrassment, to reach out for help, but I could not have been more wrong.I reached out to Money Mentors. We met with Alexander Martin who guided us through our options and setting up my OPD program. Alex was fantastic – empathetic, patient, kind, informative and thorough. For the first time in years it felt like there was light at the end of the tunnel. The strain and stress on our immediate lives changed almost overnight.It has taken some time, but the debt is now cleared. My responsibilities to creditors have been met, which was important to me personally. My wife and I communicate better about finances and budgeting. Now I’m working on gradually restoring my credit record to good standing, with a clear plan and timeline in place to accomplish that.I can’t imagine getting here without the incredible help of Money Mentors, we’re very grateful.Thank you, Alex!

Jennifer E.

1712853272

I was drowning in debt—there was so much of it. The calls from creditors didn't stop. My bank was no help.I contacted Money Mentors to inquire about the OPD program and their advice. I was prepared to dedicate myself to clearing my debts. I was ready to cut up my credit cards. My counselor and I worked through some homework before we created my payback schedule. Since I was determined to pay off this personal debt on my own, I made large monthly payments. The phone calls from creditors stopped, which was a relief.Despite some difficult months, I am debt free after 56 months! It has not sunk in yet. My perspective has changed from one of spending and worrying about it later to one of saving and planning. Though I still worry about going back into debt, I can always turn to the Money Mentors website for helpful guidance.

Google Rating

4.4

Based on 63 reviews

Money Mentors Calgary

4.4

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Meara Palmer

1736806965

Ron Heinz

1730748085

Reagan Moody

1725576386

Just finished the SCARIEST phone call I've ever made,I'm finally going to face all the wolves knocking at my door...Had the privilege & fortune to have spoken with their representative Crystal.Fingers Crossed to set me on my way to some debt relief in the future,She could tell I was nervous and edgy and explained the whole process in detail and answered every RIDICULOUS question I had,Don't know if she was wearing her Cape today because she sure could of...So here's to a brighter future,And hopefully some peace of mind.

Jenn Matticks

1721956161

Highly recommend money mentors they where so helpful and easy to work with

Kevin Vo

1718758968

Highly recommend Money Mentors!Jason Krausert is an amazing counsellor that really helped me and my mom out today. He was very professional, non-judgmental, and took his time listening to our situation. My mom was a victim of scam and was left with overwhelming debts.He took the time to thoroughly go over a financial needs assessment with us and provided us with extremely helpful resources and most relevant options to paying off the debt.We felt lost and overwhelmed but Jason has given us the hope that we can overcome this ordeal.Thank you Jason and Money Mentors. Please continue the great work you do!

Sharon Leopold

1712967582

The gentleman that called was very helpful, friendly and professional.

Jennifer Eriksson

1712853272

Kiran

1709517177

Linda Mak is an amazing person I ever met .she has lots of knowledge and professional skills regarding any financial issues. She listens your concerns with patience and address them with at most knowledge. I like the nature of Linda Mak she is so friendly and easy approachable person.

Danielle Bishop

1707844173

Linda was amazing!! Such a kind lady and was really informative and spoke in a way you understand the material she was giving. I wish I had of learned about this going through school! Such a great program!

Chasity Bitternose

1707415648

LINDA MAK was an excellent money mentors facilitator. She brought excitement and so much valuable information with her! Thanks so much Linda Mak

Frescia Marie Joseph

1707371613

Ms. Linda is the best🫶🏻

Ali Hakimi

1707369966

It was new and useful information. I highly recommend it to other people.

Mila O.

1707366919

Linda was amazing, very engaging! I gained valuable insight and learned useful tips about consumer education. Highly recommending!

Dnotez Bryant

1707195689

Linda gave an amazing presentation. She shared valuable information in such a way that she made sure everyone understood what was going on. She was attentive, charismatic and extremely passionate. I am grateful to have participated and grown in my financial literacy as well as the ability to further my education in that regard. I look forward to accessing the resources She provided. Thanks Linda!

Susobhan Sarkar

1700768997

We had a life changing experience with Money Mentor ! My wife and I had a loan of almost $100,000 almost 6 years ago. Our lives were suffocating, sometime taking one loan to pay another. I used to work in the University of Calgary, and one day somebody gave me a brochure of Money Mentor and told me about it. We signed up for the OPD program with Stacey Townsend, our Counsellor Lead. Believe it or not, we were able to pay the loan with the help of Stacey of Money Mentor. Stacey was amazing, a very nice and pleasing personality person. Each and every step she guided us over last 6 years. She addressed any of our questions or queries with e-mail thoroughly, and by phone as and when it was necessary. Thank you Stacey. Some people told us that we we're never going to get credit cards or loan or mortgage in future if we go to this program. They were wrong. We were able to get the unsecured credit cards from bank right after we finished the program. We have qualified for the loan and mortgage as well. Money Mentor,s OPD program is great - it indeed gave us a new life ! No question about it. We are grateful to Money Mentor and of course Stacey. I would highly recommend to anyone who are going through hard times. Again thank you Money Mentor and thank you stacey. It is a great organization.

Yasser Lautfi ali

1699312712

Alexander is a very good person he helped me a lot with managing my debt thank you money mentors 🙏

Abir Salla

1696338800

Great session . We had Kim Reynolds to give a presentation to our students. Very beneficial and informative.

elias hand

1695664744

Money Mentors has saved me! Just when I thought that there was no hope left, I was introduced to these wonderful people :) I can finally rest at ease knowing that I can sleep at night 😊 thank you Jason K, and team for helping me with my financial mess!! I will never forget it!

Donel Porquez

1688307719

Morgan Fields

1682709915

This review is long overdue. I complete the OPD program in 2018 after being in debt for over 10 years. Without the help and guidance from money mentors I would not be where I am now. Not only have I managed to stay out of debt but from all the financial wellness courses I took, I have thrived. I have my life back. Thank you from the bottom of my heart.

Anita Starlight9

1681320473

Nathaniel Peters

1675108297

Natasha Evans

1674769326

I am so satisfied with the efficient service I received from Alexander. I feel like I have more control over my finances and I'm confident in my future financial decision making. Thank you for the resourceful and judgement free advice. I highly recommend having a consultation with Money Mentors, if you have limited financial literacy and need professional advice on how to manage your debt/finances.

Sydney Kilburn-Robinson

1674618927

Honestly found them unhelpful.

Crusader Latin

1663452265

Very motivated to help people, so give them a call.

Cindy Duffin

1662135700

My husband and I were struggling financially despite making a very good income. Money Mentors offered us practical solutions to our financial troubles and have set us up much better for success in the future.We worked with Alex and he was kind, informative, and completely non-judgmental. I highly recommend talking with Money Mentors if you are struggling with debt.

Michael Hilton

1660885200

A great experience, explained all my options using language that I could understand. Were not condescending towards me or the reasons that led me to use their services. I have and will recommend them to anyone who could use a hand up, not a hand out.M.H.

Joanne O'Connell

1650755316

Hi- Good experience. We all know something about money, but their systems and metrics were quick and useful. Recommend them Joanne

Leah Thomson

1649167243

They are absolutely there for you. I'm so glad they're on my side.lol Love working to reach my end goal. OUT OF DEBT!!!!

John Wng

1648089215

I wish i had found money mentors sooner. Honest and working on our side and understand our situation. I tried to contact other agency that just tried to rip me off on top of my desperate financial situation. I want to recommend to everyone who need help! Thank you so much Alexander!

Timothy “Leond” Wall

1647910624

If you are in debt and having trouble seeing a way out I can't recommend Money Mentors enough. Right from the start I never felt judged. Everyone was understanding and helpful. While on the program they were very understanding of the few times I did have to make a payment late or split a payment over a few months. I just finished the OPD program and I honestly don't know how I would have made it out of my debt otherwise. Thank you Sheri for your help!

AJ Siwel

1647035247

Thank you so much Alexander!!! The customer service I received was exceptional. I was given two (2) option to pay off my debt without declaring bankruptcy. I did not want to go into bankruptcy. I was given details about both options. At the end of my conversation with the counsellor at Money Mentors I felt relieve and knew I was more than capable of handling my debt in a timely and efficient manner. To say Money Mentors counsellor put me at ease is putting it mildly. I am so glad I made the call for help. Even though I have a budget made out I am going to take the free courses they offer online as I never want to be in this position again. Thank you so much to the Counsellor and all staff for making this incredible outcome possible. Knowing I don't have to go into bankruptcy, lifted my spirits immensely. With much gratitude, my life just got a whole lot better.

Erin Ekstrom

1646261902

Alexander has been wonderful. I truly appreciate his kindness and all of his help, and how attentive he is as well.I cannot thank him and Money Mentors enough for helping my family out of a difficult situation. He has never once judged us, made us feel bad about our situation, and truly seemed to care.

Kam Mann

1639954811

The Notable Thinker

1637100097

My meeting with Nikki was extremely informative and she provided a very helpful plan to help with my current circumstances. :)

Zam Ramirez

1636046439

Ryan

1615398840

Would recommend to anyone that is drowning in debt and unsure what to do. I was incredibly foolish and irresponsible with my finances, and it was catching up to me. Finally I worked up the courage to make an appointment and go.I never in my life thought I would pay back my debts, have collection calls stop - but sure enough the orderly payments of debt program helped me get there. And that monthly payment was a constant reminder to never let myself be so frivolous with my credit again.

Michael Roy

1614105188

Best way to get out of debt. It isn't a get out of jail free card. You pay your debts off with reduced interest making it easier to get back on track. Best of all is you get a financial education to set you up for success once your caught up.

Carson Elliott

1610993642

Money mentors saved me from a world of struggle. They were able to lift the burden off and help me achieve financial freedom! They even checked up on me to see how I was doing! If you struggle with credit debt and want to be free of that downward spiral, give them a call, tell em Carson sent you!

Zane C

1602006739

Finished my OPD program over 6 yearsand paid off all my debt. Got all my fees paid back as well. Special thanks to Stacey for all her help. Would recommend.

Starchild 2061

1580605294

Was initially hopeful after contacting this company to help straighten up some debt. While setting up for an OPD, the advisor I talked to told me to ignore all my current credit card payments and to stop answering calls from the collection agency in preparation for the debt that was going to be collected. This ended up being bad advice because the OPD fell through before I could set it up and now I am in an even worse situation than before with my interest payments unpaid and the collection agency even angrier than before. You would think that a money mentoring program would have enough insight to anticipate complications down the road and would not recommend something so irresponsible to a person in financial distress.Once the OPD fell through, the advisor was gone. They left me hanging without a single word of advice. I felt completely abandoned by money mentors. I would not recommend reaching out to them for help.

FDM

1578349496

Finished up my OPD program last year with Money Mentors. Yes, they helped me get out of debt, which was great. But they also found a crafty way to back out of paying back several thousand dollars in fees.I was told at the start I had to finish a course within the first year of the program to qualify for a monthly fee refund, and I was reminded a couple times within that first year to complete it. Fast forward several years, I get to the end of my OPD program to find out that they're not going to give me a single penny of those fees, because there were other courses that I missed. Yes, those courses were in my initial paperwork, but I suppose I was expected to remember every little detail of the fine print for up to 3 years after I signed the paperwork. I don't think it's a coincidence that the reminders stopped after the first year.The person I met with to finalize the OPD said that I could finish the missed courses and make an appeal to management to get the fees refunded. I did exactly that, and all I got in return was a condescending reply from some "lead counsellor". Instead of simply saying that they were still unwilling to refund the fees, she decided to spend the entirety of the email pointing out how wrong I was. I guess she figured that they had all my money, and I had signed all of the final paperwork, so decorum didn't matter anymore?This whole experience could have easily been five stars...but for them to dangle that carrot only to take it away at the very end was quite disheartening.

Linda Stevens

1569972756

Thought we were going to get some resolution to our debt. Jumped through all the hoops and it took me 5 months to have everything including income up to where Money Mentors instructed. Returned with great expectations only to be told we needed to make more money before they would help. We finally ended up at BNA debt solutions . They solved our problem and gave us options.

Jessica Kristensen

1561589328

Very great experience with this company. Very professional and met all of my needs. I have so much of my stress lifted and I am so thankful for money mentors.

Bryce Butler

1553012782

Delores was so kind and helpful with this seemingly helpless dept process, She gave my wife and I hope and comfort.Thank you Delores and Money Mentors

T Hilstad

1546974606

I would NEVER again recommend money mentors to anyone EVER! So much disrespect and lack of professionalism from the staff. I'm absolutely disgusted with the Calgary office staff!DO NOT GO unless you want to made to feel worthless and be degraded.As per myself and 2 others I did recommend.NEVER AGAIN money grabbers!

J D

1542261269

Horrible experience. The women I met with was not only late, but both rude and condescending; and in short told me I would apparently be wasting my time with them because at the time she claimed it would take at least ten years with them and they'd make money off of me and wouldn't be paid off. No options or programs were mentioned just that I apparently had to pay them. Kind of threw me off since they claim to be a non-profit and this all was stated after only a few minutes based on assumptions and estimates with no verification of any kind before hand. All in all very shifty and wasn't the only awkward conversation/experience I've had with them (had no debts a few years ago so no real need back then) and definitely wouldn't recommend. There are other companies/resources out there with better reputations.

Amanda Mcknight

1534919753

Mike

1525298009

I took a friend here today. They were intensely helpful given the short window of time we had. Paula was able to zero in on the problem areas and offered a number of solutions. Of course she can't spend all day with us. It wasn't a social visit. Some people might be offended by that. I was happy because my time is valuable also. I will be recommending Money Mentors to more people who find themselves having financial difficulties.

Shelly Logan

1491317188

I really appreciate the flexibility of being able to take my call on my cell phone during my bus ride commuting to work! Stacy was right to the point to ask why I called. She let me spell out my story then summarized her impression as to what I was worried about. She clarified and helped me narrow down my issues. I was given suggestions that were quickly do-able. That took SO much pressure off me!! I felt like I could be in control so quickly. Having an email with the suggestions we discussed and links to the Money Mentors tools gave me list to get to work on. I did some of the online workshops right away, I set up automatic transfers on my bank account to pay off my credit card, and I set a date on the calendar on my phone to transfer the money I will be putting towards the credit card to a TFSA when the final payment date for the card arrives.I needed the help to sort out the problems and get some information on things like a TFSA, budget, setting target dates, etc. I am very grateful and I plan to stay in touch with Stacy for a couple more discussions.

What is the Orderly Payment of Debts (OPD) program?

The established Orderly Payment of Debts (OPD) program is a debt consolidation program legislated under the federal Bankruptcy & Insolvency Act (BIA) and monitored by the Province of Alberta. Designed to be flexible, it can be tailored to any Albertan’s busy lifestyle and life circumstances. It is the stress-free way to consolidate all your debts into one easy payment plan, making life more manageable. Based in Alberta, Money Mentors is a non-profit organization and the exclusive provider of the OPD program.

FREE OPD Assessment: How much will your payments be?

This is an estimate only. For more information on the Orderly Payment of Debts, including answers to common questions about the OPD program, check our FAQ page or call 1-888-294-0076.

A smiling single mother holding her baby, representing hope and financial freedom after paying off $85K in debt with Alberta’s Orderly Payment of Debts (OPD) program.

How the Orderly Payment of Debts Alberta Helped This Single Mom Erase $85K in Debt Without Bankruptcy

What is the difference between the OPD program and bankruptcy?

If you’re having trouble paying your debts and are considering an insolvency program like bankruptcy, we can help. As a positive alternative to bankruptcy or a Consumer Proposal, Alberta residents are eligible for the Orderly Payment of Debts (OPD) program through Money Mentors to pay back your creditors fully. This program combines your unsecured debts into just one monthly payment, at a fixed 5% interest rate. Even better, you get to keep your assets, and it only stays on your credit report for two years after program completion.

Benefits of debt consolidation through the OPD program:

No start-up fees

Fixed 5% interest rate

Federally legislated

Protection against creditor action

Collection calls stop

Wage garnishments stop

All unsecured debts are consolidated into one program

Access to a debt counsellor for added guidance and support every step of the way

Clients improve money management skills by enrolling into FREE financial seminars and courses

Debt relief options and resources

Everyone’s debt situation is different, which means every client needs a unique and customized approach. Our credit counsellors have access to a wealth of additional resources, so clients can get the assistance they really need.

Trustees: Our counsellors can explain the process, effects and costs of bankruptcy and Consumer Proposal options. To find a trustee near you, visit the website for the Office of the Superintendent of Bankruptcy or search via Google or Yellow Pages.
Legal services: Pro Bono law, legal aid and other resources are available
Service Alberta: Offers tip sheets and other resources
Community services: Food banks, Family and Community Support Services (FCSS)

Our debt counsellors will explore debt relief options with you and provide information so you can confidently tackle your debts in the best possible way. To speak to someone on our Client Services team about the OPD program, please give us a call at 1-888-294-0076 or email us.