Facing Debt Together With Credit Counselling In Toronto

Credit Counseling

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Credit Counselling in Toronto – Facing Debt Together

The importance of Credit Counselling is recognized in the Bankruptcy and Insolvency Act – where both Bankruptcies and Proposals require debtors to complete two Credit Counselling sessions before being discharged from their debts.

By providing our Greater Toronto Area clients with Credit Counselling, we give them the tools that they will need to make a financial success of their ‘fresh start’.

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Colleen Greer is a Certified Insolvency Counsellor and a Certified Insolvency Administrator, with extensive counselling experience and skills. She has helped hundreds of clients develop the ability to deal successfully with their finances.

Recently, Colleen spoke about a series of counselling sessions she had with a young Toronto couple. The couple was in their early 20s and they had both filed Consumer Proposals as a result of of excessive credit card debt.

At the 1st counseling session (approximately 2 months into the Proposals), Colleen met with the couple, where they discussed their spending habits and how they were dealing without credit cards.

The couple was struggling. They were trying to catch up on missed payments to other bills and trying to manage their money, without credit to fall back on.

Colleen reviewed how to set up a budget and suggested that they closely track their income and expenses to see exactly where they were spending their money. She gave them the task of accounting for every penny of their monthly income and expenses.

To help keep costs down, the couple indicated that they were going to get involved with activities that did not require money – going for walks, entertaining at home, etc.

At the 2nd counseling session (approximately 7 months into the proposal) they were, according to Colleen, a different couple.

  • They had managed to catch up on their bills and start a savings account.
  • The husband had found a part time job to bring in extra money.
  • They had made the joint decision to cut some services (such as call forwarding, satellite TV, etc), which had reduced their monthly expenses.
  • As a result of their improved financial situation, they were now planning to pay off their Proposals in a two-year period, instead of five.

For Colleen, the most promising thing about this couple, was that they did not want to obtain any credit. They were extremely happy dealing on a cash-only basis.

They had discovered the joy of having money in their bank account at the end of the month.

As a bonus, their relationship was flourishing as a result of working together.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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I had a great experience with Jerry Janiec and his team at David Sklar and associates. Within a week I was already accepted and filed for bankruptcy and in a few months I will be debt free! It feels like a lot of stress is off my shoulders. Jerry and his team are very friendly, helped me along the way and was there to explain every detail of the process with me. He gave my his card and is just an email/call away if I need any help with paperwork and completing my duties. He is a very patient and kind professional and I am so glad I chose him and this company to help me fix my financial problems. If you need help with a consumer proposal or bankruptcy (like I did) I highly recommend Jerry Janiec and David Sklar and associates!
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My experience with Cori was phenomenal. Cori took the time to explain the process thoroughly, listened to my concerns and reassured me. Cori has exceptional people skills and cares about the people she is helping. The experience throughout was professional, kind, warming and inviting.
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A huge thank you to Jackie S and to the David Sklar and Associates team. Steps made easy , Jackie S has been there during the entire process , whether it was through emails or phone calls . I felt acknowledged and respected . I’d recommend David Sklar and Associate at a heart beat !! Cheers , Dennis
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David Sklar & associates is the place to be if you’re looking for help on your debt consolidation. Kudos on their staff Miss Grace Cuffaro who were very patient guiding me on complying all required documents.
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