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

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:

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:

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

Our accredited insolvency counsellors have over 25 years of experience helping people take control of their money and achieve their financial goals.

Personalized sessions

Money management isn’t one-size-fits-all. We tailor our credit counselling to your needs and lifestyle so you can feel confident reaching your financial goals.

Relaxed and friendly setting

We provide a patient, compassionate, and judgment-free space to talk about debt. Our counsellors give you the tools and support to achieve financial wellness.

Frequently Asked Questions About Credit Counselling

When is it required?

By law, if you file for bankruptcy or a consumer proposal, you must complete two credit counselling sessions—one about two months after filing and another about five months later.

How long do I need to attend?

If you file for bankruptcy or a consumer proposal, you must attend at least two sessions. We can provide more if needed, tailoring each one to your situation so you leave with the knowledge and resources to rebuild your finances.

Counselling vs Proposal?

Credit counselling and consumer proposals are not the same. Credit counselling provides educational sessions with a licensed counsellor, while a consumer proposal is a legally binding agreement to repay part of your unsecured debt.

What can I expect?

In your first session, we will review your finances and help you build essential money management skills, including:

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?

Yes, you can complete credit counselling online. At David Sklar & Associates, sessions are available in person, by video, or by phone if needed.

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.

5,500+ Top-Rated Reviews

4.9 stars based on over 3600+ reviews

Hirut T.

3 days ago

The kindest people ever. Keep up your best team work. Helping people that have problem is a blessing

Response from the owner:Thank you for such kind words, Hirut! It means a great deal to know that you feel this way about our team and the work we do. We appreciate you taking the time to share this. Congratulations on your Fresh Start from David Sklar & Associates!

Sharon B.

6 days ago

I dealt with Samycha and she was very professional did not judge me and handled my issues in a professional manner. I was very happy with all the help that's she gave me. Thank you very much Samycha and David Sklar & Associates for giving me peace of mind and a fresh new start

Response from the owner:Thank you for such a thoughtful review, Sharon! It’s wonderful to hear about your experience with Samycha. We know she’ll appreciate your kind comments. Congratulations on your Fresh Start from David Sklar & Associates!

M3ch67

7 days ago

Great experience if you’re considering consumer proposal or bankruptcy. Sarwat Khan and her team explained things very clearly.

Response from the owner:Thank you for sharing your feedback! We’re very pleased to know that Sarwat and the team provided clear explanations throughout the process. We really appreciate the 5-star review. Congratulations on your Fresh Start from David Sklar & Associates!

chav M.

1 week ago

Jackie Stanley -Very professional, approachable, and responsive. They take the time to explain everything clearly and provide easy-to-follow instructions. Any questions are answered promptly and thoroughly, making the overall experience smooth and reassuring.

Response from the owner:Thank you for sharing such thoughtful feedback, Chav! We’re very pleased to hear about your experience with Jackie. We know she’ll appreciate your comments. Congratulations on your Fresh Start from David Sklar & Associates!

4.9 stars based on over 2000+ reviews

What our clients are saying

“Debt collectors don’t control me anymore.”

“I thought I had to suffer alone… I was wrong.”

“When no one else could help, David Sklar did.”

“Six debt collector calls a day—now, none.”

“For the first time in years, I could breathe.”

“The best thing I’ve done for my finances.”

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