Facing Debt Together With Credit Counselling In Toronto

Credit Counseling

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 and live in the Toronto area, call us at 416-498-9200 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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Ready to live debt free?

Very professional and fast service! Also, personable!.. they don't treat you like a number, but like a person.From the time I first contacted them, until I was set up there has been not more than 7 days.I dealt with Jackie, she was great!
Jelena Petrovic
18:06 20 Jun 21
I had a great experience with Rhoda at the Mississauga location. Extremely knowledgeable and helpful, she made me feel confident I had made the right choice contacting David Sklar and co. Highly recommend.
Maria Curbelo
19:59 18 Jun 21
I would just like to say thank you to David Sklar & associates for helping me out in this difficult time I was in way over my head, I was introduced to Jackie Stanley, at that moment things got better the calls stop. Jackie was so professional helpful, trusting answered all my calls all my Text, and emails professionally and respectful!! I can’t believe it, and now I’m gonna build my credit rating back up and have my life back Thank You, Jackie Stanley at David Sklar& associates, for doing an outstanding Job!!!!
Mark Simmonds
21:50 16 Jun 21
I am not very good at putting words together especially when your speechless for all the help from such a friendly happy non judgemental team. From being financially stressed and depression hitting all at once I connected with Jackie Stanley💯❤❤ from David Sklar team in a whole other level,she is an absolutely joy to deal with and very informative let me know there is light at the end of the tunnel.. despite my struggle the amazing lady Jackie Stanley was able to put a smile on my face and make me laugh super happy and grateful 🙏I was able to connect with her from David Sklar &Associates team I 💯 percent recommend her (Jackie Stanley) and will continue to recommend her. To any one looking to get out of debt or have any questions belive me when I say you will not be disappointed with Jackie she's such a great person and I'm lucky to have been able to recieve the help and guidance from such a wonderful person and you will be also...look no further no where but up from here ...Thank you So so much Jackie much appreciated
Richelle Barriault
17:57 16 Jun 21
Reached out to Jackie, who was very cordial and professional. Highly recommended.
The Lit Lion
16:54 16 Jun 21
I must admit that I am so glad I called! I spoke to Rhoda Lewis who right away made me feel at ease. She's so caring and supportive I highly recommend her. Thanks to her my life is now on track! Thank you David Skylar & Associates Inc!
Grace Muller
17:55 25 May 21
Very professional and courteous. Jackie was very helpful and understanding. She was happy to answer any questions I had and we were able to process everything quickly with no hassle.
Nicholas Burnett
17:07 19 May 21
I would say my experience with David Sklar was spectacular, they made it really easy for my through the whole process and now 9 months later my bankruptcy is discharged.i would recommend David Sklar to anyone.
HN
23:00 06 May 21
I had a nagging defaulted student loan that was holding me back. There were a few smaller issues that were compounding. The lockdowns really forced me to look into building back my credit and starting fresh.Ashley at David Sklar & Associates at the Keele and Finch location was a blessing. She was thorough in her explanations and answered any concerns I had. She gave me the options and let me decide what was best. After conferring with her, I decided bankruptcy was the best option. She made the process of filing for bankruptcy easy.There's nothing to be afraid of. Stigma attached to bankruptcy but you can reset if you work hard to make it happen.I highly recommend speaking with Ashley if you have any concerns about debt solutions.
A M
14:39 04 May 21
I highly recommend David Sklar & Associates Inc. They helped me with my finances along with the help of Ashley Carter whom assisted me thoroughly throughout the process of my Consumer Proposal. She is very friendly, professional and updated me occasionally through emails. With her tremendous help, I am very thankful to have accompanied someone like her!
Pilar
21:05 28 Apr 21