Credit Counselling in Ontario
Improve your relationship with money and find lasting debt relief
What Is Credit Counselling in Ontario?
Trustees (LITs) provide credit counselling in Ontario, as part of bankruptcy or consumer proposals. The goal is to give you the tools to manage money wisely, avoid future debt, and rebuild financial confidence. By improving your relationship with money, you can avoid future debt problems.
Managing money can feel overwhelming, especially if debt has been part of your life for years
Financial guidance from licensed professionals
David Sklar & Associates has provided credit counselling in Ontario since 1998. As Licensed Insolvency Trustees, our accredited insolvency counsellors are federally regulated by the Office of the Superintendent of Bankruptcy and bound by a strict Code of Ethics.
By working with us, you’ll acquire first-class money management skills. With boldness and confidence, you’ll learn how to make your money work for you, not the other way around!
How Credit Counselling Helps You Manage Money
Given the critical role money plays in our lives, we’re baffled as to why our schools don’t offer education in personal finance. No wonder many Canadians are drowning in debt. It’s simply not right!
That’s why we’re passionate about helping people take control of their finances
What You'll Learn in Credit Counselling Sessions
We’ll help you improve your money management skills, understand the root of your financial challenges, and gain the confidence to avoid them in the future. Our sessions cover key money topics, giving you a strong foundation to rebuild. You’ll learn how to:
- Set and achieve financial goals
- Identify and overcome poor financial habits
- Repair your credit score
- Create and manage a budget
- Borrow money responsibly
- Establish a savings plan
- Set up an emergency fund
- Obtain a free copy of your credit report
- Track your spending using budgeting apps
- Apply for secured credit cards
Benefits of Credit Counselling in Ontario
Manage debt, create a budget, build savings, and navigate the insolvency process with confidence. Bankruptcy or a consumer proposal forgives most of your debt, but credit counselling gives you the lifelong skills to stay debt-free by learning how to:
- Spot & avoid high-interest or hidden-fees
- Manage debt based on income & cash flow
- Simplify budgeting with trusted apps
- Keep your credit score healthy
- Find competitive loan rates & terms
- Pay down debt while saving money
These skills can save you thousands and help you reach milestones like graduating, raising a family, or planning for retirement
Why Work With David Sklar's Credit Counsellors?
In a comfortable, judgement-free environment, we’ll guide you in improving your money management skills.
Advice from professionals
Personalized sessions
Relaxed and friendly setting
Frequently Asked Questions About Credit Counselling
When is it required?
How long do I need to attend?
Counselling vs Proposal?
What can I expect?
In your first session, we will review your finances and help you build essential money management skills, including:
- How interest and minimum payments work on loans and credit cards
- Creating a custom budget that fits your income and expenses
- Setting up and following a savings plan
- Planning for major or unexpected expenses
- Recognizing common signs of overspending and excessive borrowing
How much does it cost?
In Canada, credit counselling costs $85 per session, but this fee is covered by your bankruptcy estate or included in your consumer proposal payments, so your sessions are effectively free, paid by your unsecured creditors.
Can I complete it online?
What is my first step?
If you’re facing severe debt problems, contact us at 1-844-962-9200
In your free consultation, we’ll review your situation and find the best way to reduce or eliminate your debts. With offices across Ontario, we’re here to help you for good.
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Advice on Credit Counselling
Here to help you
Our federally 🇨🇦 regulated team of Licensed Insolvency Trustees in Ontario can help you get out of debt and in control of your own financial future.
We’ve helped thousands of people and we can help you too.
We know this is stressful, but you’re not alone