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 Robert Conquered Addiction, Depression and Over $32,000 Debt

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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

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

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 Robert Conquered Addiction, Depression and Over $32,000 Debt

Have you ever climbed a hill that was just too big? Robert has. After years of struggling with depression, addiction, poor health and short-term disability, Robert faced an even harder obstacle: debt. “When I suffered a heart attack and injury at work, I started relying heavily on my credit cards,” he explained. “And then I […]
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How Newlyweds Jamie and Robert Overcame Financial Hurdles and $22,000 of Debt

Making the commitment to pay off debt isn’t easy―and even harder still when you’re newly married. But Jamie and Robert knew they had to make their finances a priority if they wanted to give their marriage a chance. “Realizing we needed financial help was the first big step we took together as a married couple,” […]
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How Ryan Changed His Money Mindset and Paid Off $9,200

Life is all about those curveballs. But for Ryan, the curveballs that were thrown his way severely impacted his life in ways he didn’t expect. After being continuously chased by creditors and seeing no end in sight to his debt, Ryan was faced with another obstacle: homelessness. “I became homeless for a month, sleeping in […]
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