Pretty much all Albertans have some debt. But when some debt becomes too much debt, it can be difficult to imagine how you will pay it all off. Money Mentors offers a unique debt consolidation repayment plan called the Orderly Payment of Debts (OPD) program. If you qualify for the OPD program you benefit from a fixed interest rate and can rest easy knowing that you will pay off all your debt within 5 years.

 

What our clients have to say

Excellent
Money Mentors Calgary
Based on 65 reviews
Meara P.
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.
Response from the owner:Thank you, Meara, for your kind words and congratulations on completing your OPD program! We’re thrilled that Yve and our team could support you throughout your journey. Your recommendation means so much to us, and we’re here if you ever need guidance in the future. Wishing you continued success and financial peace!
Ron H.
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!
Response from the owner:Thank you so much for sharing your journey and leaving such a thoughtful review. Your words beautifully capture the challenges you faced and the courage it took to seek help. We’re so glad that Alexander and the Money Mentors team could be there to provide the guidance and support you needed.

Your story of overcoming debt and strengthening your financial communication with your wife is incredibly inspiring. Knowing that the program brought peace and clarity to your life is why we do what we do.

As you continue on your financial journey, we’d love to be a resource for you. If you ever have any questions or want to explore new tips for budgeting and financial planning, check out our Money Tips Blog at moneymentors.ca/money-tips. It’s filled with helpful content to keep you moving forward with confidence.

Wishing you and your wife continued success and financial well-being. Thank you again for trusting us and sharing your experience. All the best!
Jennifer E.
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.
Response from the owner:Wow, Jennifer! What a fantastic review to read. It's truly rewarding and inspiring to hear stories like yours. Huge congratulations on becoming debt-free—that's an incredible achievement! Thank you for sharing your journey with us and for choosing us as your financial partners over these past years. We wish you all the best, Money Mentors.

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.

How Jordan Paid Off $22,000 to Reach His Financial Goals

Read More
Middle-aged woman at dining table calculates her debts to evaluate pros and cons of bankruptcy vs OPD

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.

Optimistic couple discuss money after paying off debt through Orderly Payment of Debts

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
Father checks bank balance on phone and looks at the debts he can pay off with OPD program

Debts covered under the OPD program:

  • Credit cards
  • Personal loans
  • Overdrafts
  • Lines of credit
  • Unsecured loans
  • Utility and cell phone bills for discontinued services
  • Student loans
  • Payday loans
  • Income tax and over-payment of social services
  • Term loans
Credit counsellor discusses debt options and resources with young Alberta couple

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.

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.

Success Stories

Thousands of Albertans just like you have struggled with debt. Here are their stories.

Read More

How Jordan Paid Off $22,000 to Reach His Financial Goals

After spending years living beyond his means, Jordan knew he needed help. With unnecessarily high rent, a car loan he couldn’t afford, student loans and consumer debt continuously piling up each month, on top of multiple collection calls a day, it was time to face his financial problems head-on. “My debt was so out of […]
Read More

How David Paid Off $36,000 of Debt to Regain Financial Freedom

Debt can take over your life — but it doesn’t have to. For David, debt wasn’t just a number on paper. It was always there — the background noise in every moment. Carrying $36,000, he felt the weight in nearly all aspects of his day. Things started to shift when a co-worker quietly mentioned Money […]
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Debt Consolidation Enabled This Dad to Pay Off $120K After Divorce and Rebuild His Life

Divorce is one of the biggest financial setbacks a person can face. For many Albertans, it means struggling with alimony, child support, and mounting debt. Mickey was no exception. After his 21-year marriage ended, he found himself drowning in $120,000 of debt — from credit cards, personal loans, and unpaid bills. Then, a sudden health […]
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