Comparing Consumer Debt Relief Options
Showing important aspects of debt relief options in Canada.
  1. Debt Help
  2. Common Debt Relief & Consolidation Options in Canada

Common Debt Relief Options in Canada

A lot of people don’t realize it, but there are many debt relief and consolidation options in Canada. They range from debt consolidation loans to Debt Management Programs to Consumer Proposals. If you’re struggling to make your monthly bill and credit card payments and really need a way to get back on your feet, there’s likely some form of debt relief or consolidation that can help you. The trick is finding the right debt relief option for your situation that will do three things:

  1. Resolve your current financial problems as quickly as possible,
  2. Fit your situation as something you can realistically afford and stick with, and
  3. Allows you to accomplish your long-term goals.

Below is a chart that lays out many of the most common forms of debt relief available in Canada. While each option has many facets that can’t all be captured by a simple chart like this, it attempts to provide a high level overview of each option and how they all stack up when you look at different aspects of each one.


Common Debt Relief Options in Canada

Your Next Step

As you can see, there are a lot of options, and this comparison chart only provides a general overview of each one. To get into all the details of each option and see which one might be able to help you the most, you either need to talk with a professional who offers a specific option or speak with a local, non-profit credit counsellor who is very familiar with all of them and is trained to help people find the best one for their particular situation.

If you’d like to explore all your options with one of our professionally trained and certified credit counsellors, give us a call and make an appointment. Our appointments can be over the phone or in-person – whichever is easier for you.


Ready for Some Help?

Our Credit Counsellors are experienced, professionally trained, and really care about helping our clients find the right solutions to their debt problems.


Certified by Great Place to Work Canada.
Accredited by Canada’s national association of non-profit credit counselling organizations.
North America’s largest association of non-profit credit counselling organizations.
Accredited by the Better Business Bureau.

Related Articles

signing agreement with advisor

Credit Counselling

Are you curious about what credit counselling is or how it works? Here’s what you need to know.

client reviews

Client Reviews

Directly from our clients, read and hear about their experiences with CCS.

getting rid of debt

Getting Rid of Debt

We’re happy to help you figure out your options. There are more than you might think.