Young Alberta couple meeting with a Money Mentors counsellor about the Orderly Payment of Debts program.

Alberta Orderly Payment Of Debts Program

There is no quick way out of debt. But there is a way.

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.

If you are a current OPD client, find answers to FAQs on how Covid-19 will impact the OPD program here.

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 Chris Paid Off $47,000 of Consumer Debt in 5 Years

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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.

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How Chris Paid Off $47,000 of Consumer Debt in 5 Years

If you were to look back at where you were just 5 short years ago, what would you see? For past Money Mentors client Chris, he was struggling to manage $47,000 of consumer debt combined with a whole lot of stress. Today Chris lives his life debt free, thanks to Kathy from the Money Mentors […]
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How Sarah Paid Off $24,000 in Student Loans and Credit Card Debt

It was a big moment for Sarah when she first walked into the Money Mentors office and made the decision to join the Orderly Payment of Debts (OPD) program and get her financial life in order. She had heard about Money Mentors from her mother, who heard about it from another friend. Sarah said it […]
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How Single Parent Robert Prioritized Paying Back $42,000 in Debt

How do you know when enough is enough? For Robert, it was when he realized he and his family could barely afford to live. With debts spread out amongst credit cards, multiple loans and Alberta Health Services bills, Robert struggled to make his monthly payments. And as a single parent, he made the decision to […]
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