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.

 

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I've used these services twice and they have always been understanding, supportive and informative. They give you hope when you feel like there is none. I've referred multiple people to them and they've all had the same professional experiences. Jackie Stanley was amazing and got the job done. Thank you!
Kirah32
02:07 03 Mar 21
Dealing with any kind of debt can be stressful. Jackie is amazing! Professional, warm and extremely helpful to say the least! She made sure to answer all of our questions, address any concerns and made this whole process as smooth as possible.
Kristine San Gabriel
15:14 02 Mar 21
Working with David Sklar has been an easy and detailed process. I am especially thankful for the personal services provided by Jackie Stanley as she has been very informative and always ready to answer any questions or concerns in a timely manner. I highly suggest working with Jackie if the opportunity presents itself.
Clayton Surujbally
17:09 18 Feb 21
On February 2 l made the somber driveTo David Sklar and associates.I had known this location from having drovePast it many times over the years.I made a appointment using the phone numberOn their door in Pickering, OntLater that day l had a consultation withTrina Powell.Immediately upon meeting with her l wasBecomming more relaxed with the proceedings.Trina, was very down to earth, and very professional.We all have our calling, l can only gather sheHas found hers, and she is very good at herJob, and career.I met with her again two days later but on thisVisit l felt more relaxed, and self assured of myDecisions, having already met with Trina.Thank you! Hat's off to you.I also had a phone zoom call with MarkTo whom as well was very easy, and comfortableTo talk to,Thank you, Mark.The team at David Sklar and associatesShould take great pride, and comfort when theyHelp people, like me and probably so many others.Thank you.
Chris Thompson
17:11 07 Feb 21
I have dealt with this company before many years ago when I did my bankruptcy , and found to be very trustworthy, professional, and right at ease. No judgement, very understanding and very supportive. So of course would come to then again when this time did the debt consolidation. The staff is friendly and goes over all the details with you and answers all your questions so you know exactly what to expect and make an informative decisison. I aslo like how if I had any questions could leave a message or email the company and how promptly they answer me back. Thank you David Sklar & Associates for getting me back on the right track and living a life of debt free again. I have my freedom back thank you for all your help and support. Amen 🙏
Desiree Balkaran
17:09 07 Feb 21
I am so grateful to Rhoda Lewis for an amazing opportunity to start fresh, she is very knowledgeable, professional and very friendly. I felt so comfortable from the moment I walked into her office, I definitely would recommend Rhoda to anyone who is looking for help. I love and appreciate you very much for helping me. After all these years I still kept in touch with you via email just to say thank you. Thank you again so very much and continued blessings.
Elizabeth Thomas
09:18 04 Feb 21
Jackie Stanley will take you step by step in explaining the process professionally, answering all the question I had over the telephone or e-mail. We are very satisfied and grateful for her work and effort. Dan Podeanu
Andrei Podeanu
02:09 01 Feb 21
Ashley Carter was very nice to me and professional and she helped me with my issue and she answer my questions in email. She helped me a lot and she gave me less stress.
Daniel Domingues
22:19 23 Jan 21
Jackie Stanley take you step by step in explaining the process professionally, replying on our every question over the telephone or e-mail. We are very satisfied and grateful for her work and effort.
1 blaze
18:36 21 Jan 21
Jackie and the team at David Sklar and Associates took my very stressful situation and made me feel at ease. I was treated with respect and understanding from the start of my process right through to the end. Prompt email and phone responses made it feel like I was at the top of their priority list.Jackie and the team at David Sklar are the best in the business. I would highly recommend using their services.
Tree Broker
14:33 20 Jan 21