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?

I’m very happy with the services I received for Jackie Stanley who helped me get my finances in order. It was a quick and easy process & all of my questions were answered.
Amanda Frappier
01:18 19 Nov 21
I have had the privilege of being supported by Jackie at David Sklar Associate. She was very helpful, very professional and very friendly. She gave me the help I need. Thank you Jackie for your help.
Alex Taylor
22:03 17 Nov 21
I filed a proposal with another group, which came in as a referral from one of my brokers. My experience went from ok to bad to worse, due to lack of communication and education on the process I was to embark on. I worked with Cori Naron in the past, and I came to her now for help on literally doing the work that the other group should have done. Cori stepped in, educated me, advised on rights, responsibilities, how the process works and what potential outcomes may happen. I do not have enough words of recognition and gratitude for what she did - she alleviated stress, anxiety, dead-end thoughts and she made me live again. Congrats to DSklar for hiring her and retaining such talent.
Giani Kokolakis
18:45 25 Oct 21
Very professional service. Before contacting David Sklar & Associates i contacted bunch of other firms they seemed fishy. After I spoke with Jason Sklar at Hamilton Office I discovered professionalism with hope. I was explained every step of my situation with solution professionally. Thank you David Sklar & Associates.
Wajay Awan
07:29 12 Oct 21
I met David a few months ago and i am glad I did. He has helped me all the way through my bankruptcy with good advice and explained every step of the process. David is a very down to earth and very professional. Anytime I've had a question I was able to reach out to David by phone or email and he always got back to me. If your struggling with your bills and need a way to get help, I strongly recommend David Sklar &Associates to help you. My experience with them on 1-5scale would be a 5;; My life is so much better now, thanks to David Sklar.
Bruce Locke
16:13 08 Oct 21
I have had the privilege of being supported by Jackie S, at David Sklar n Associate.She was helpful, professional and friendly. I was able to get the help I needed at a difficult time in my life. I would recommend anyone who needs support with working out their debts to ask for Jackie, she will be waiting to assist however she can to help you through your debts. She works with a team who is always ready and responsive.Thank you Jackie and your team:)
Denise Simpson
15:17 09 Sep 21
My experience with Ashley Carter at David Sklar and Associates was very pleasant and professional. The process was made easy by Ashley with her help in answering my questions and concerns.
Alex Lamparter
13:07 03 Sep 21
Ashley she was extremely helpful,super friendly and understanding my situation. I am very please for the service I received and I will recommend this Company to anyone in need of consolidating. Thanks so so much.
Nicole Minister
17:43 02 Sep 21
I finally pulled the trigger and seek help from this team. I tried to pay my debt in the way it should be until the pandemic made it even worst and couldn't keep up with my payments anymore. Jackie is an amazing person, I told her the problem, she gave me the solution and gave me a variety of options and walked me through the process. That simple. Thank you so much.
rr 28
12:44 21 Aug 21
Dealing with Jackie made the process so much more comfortable. From my first phone call with her I never felt like I was being looked down on. Jackie made this as easy as being in this situation could be.
Vi Smith
18:09 13 Aug 21
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