There are many different credit counseling organizations in Canada that will actually help you to repair your credit and get yourself out of debt for free!
Credit counselors in Canada can help you to work out a budget plan as well as speak to creditors to lower your monthly payments to a level that you can manage, or even to resolve conflict between you and your lenders. Many of these companies also offer free financial planning services. They will help you to save for retirement, qualify for a mortgage, and to make important financial decisions.
I think this is an amazing thing to have available to us! I recommend taking advantage of these free credit conseling services, even if you just need a little help balancing your budget. Here is a list of credit counseling organizations that provide free credit counseling and other financial services:
All of Canada
http://www.inchargecanada.ca
Credit Counselling Services Centres in Ontario
Greater Toronto Area
Georgian Bay Region
London
North Bay
Sault Ste. Marie
Thunder Bay
Timmins
Kingston Credit Counselling
Free Credit Counselling Services in Canada by province
Credit Counselling Services of Alberta
Credit Counselling Society of British Columbia
Credit Counselling Services of Atlantic Canada, Inc. –
New Brunswick and Nova Scotia
Personal Credit Counselling Service –Newfoundland and Labrador
Many of these free credit counseling services also offer help to people outside of their immediate area. You can also talk to your bank about credit counseling and financial planning although you should be aware that their advice could be biased.
SCAM WARNING: there are companies out there who call themselves “Credit Repair Clinics” These credit counseling companies claim that for a fee, they can repair your bad credit rating right away, however, there is no quick fix to repair a persons credit. The best way to improve your credit is by making all of you payments on before they are due, over a long period of time (at least 2 years).
Popularity: 7% [?]
While it’s true that the best way to repair your credit is to pay your bills on time, there are also ways that you can remove some of the bad items from your report, as well as removing erroneous items. It always pays to do as much research as possible before writing off the possibilities that are actually there. I do agree, however, that it is not wise to use many of the so-called credit repair services out there. Many don’t work as well as they claim, if at all. Besides, you can do the same things for free.