Credit Counselling Alberta
Take the first steps down a path to financial stability with a confidential and informed credit counselling session.
Credit Counselling Alberta Experts
It’s no surprise that the last couple years have been incredibly taxing on peoples’ finances. Stress and anxiety are higher now than ever before, and most people feel like they’re sailing on an endless sea of debt with no hope of ever making port.
But as bleak as it seems, we’re here to tell you there is land in sight. We believe everyone deserves financial freedom because debt does not define who you are.
Your first credit counselling appointment
Life happens, just sometimes not how you planned it. Maybe you recently lost your job or had your hours cut back and you’re having a hard time making ends meet. Or perhaps you’ve fallen on hard times and are struggling to keep your head above water. Whatever your circumstances are, we’re here to listen and help you make sense of your current financial situation.
Our credit counselling sessions are private and confidential. We understand how difficult it is to open up about your debts and we appreciate the level of trust every client has placed in us. We will never share your personal information with anyone, and everything we discuss stays right here in our office. As part of our mission to help everyone achieve a brighter financial future, we offer a free consultation to put you on a path to freedom from debt.
At Blanchard & Co., we offer a comprehensive approach to debt management and credit repair. Our knowledgeable counsellors will begin by going over things like:
- Household budgeting advice
- An affordable debt repayment plan that gets you out of debt and starts saving you money
- Advocacy with your creditors to negotiate your repayment plan
- Practical tools for debt management
Sometimes it only requires one session to get your spending back under control. However, if you require addition assistance, our team will be there to help you every step of the way. If you need to review your budget and make adjustments, do not hesitate to get in touch with us.
Benefits of Credit Counselling in Alberta
Credit counselling in Red Deer, Alberta can be incredibly effective if you suffer from overwhelming debt. When you work with us, some of the benefits you’ll receive are:
- We closely examine your money habits and help you stay on track
- We’ll work with you to form a manageable and sustainable spending budget
- We help you understand and repair your credit score
- We’ll find ways to save you money and avoid future financial struggles
- You get one-on-one help from a knowledgeable insolvency counsellor
- We give you peace of mind that your personal information stays confidential
Do I need credit counselling Alberta?
- Collection agencies are always calling
- You regularly borrow money from one place to pay someone else
- You are unable to make the minimum monthly payments
- There’s almost nothing left at the end of the month after you pay all your debts
Does any of this sound familiar? If so, get in touch with us today.
Will credit counselling hurt my credit?
There is a ton of misinformation regarding certain debt relief options in Alberta, which often leads some people to make ill-informed decisions about their finances based on inaccurate information.
In Alberta, you cannot enter into a debt management plan like credit counselling and hope to stay off the radar of future creditors. Simply talking with a credit counsellor won’t affect your credit score, but when you sign up for credit counselling, a note is made on your credit report that indicates you’re enrolled in a program to manage your debt repayment.
Similarly, if your credit counsellor negotiates a lower debt repayment amount on your behalf, it will appear as settled on your credit report. This will remain on your credit report for up to 3 years and can lower your credit score.
Ready to get out of debt? Call us today!
CALL US TODAY! 403-348-5880
Our team is committed to helping Albertans get out of debt. We want to make the process as smooth and painless as possible. If you’re tired of getting phone calls from credit agencies and would like to have money left over at the end of every month, give us a call today to learn more about credit counselling Alberta.
FAQ – Credit Counselling Alberta
What does credit counselling do?
Credit counselling will point you in the right direction to find the debt solution that best suits your unique situation. It’s a process in which a certified counsellor will help you navigate the financial settlement tools available to reduce debt and simplify the repayment process, including financial education, budgeting, lower interest rates, and reduced monthly payments.
Will credit counselling hurt my credit?
Talking with a credit counsellor will not directly impact your credit score, but signing up for any debt management plans might have an impact on your credit. For instance, if your counsellor is able to negotiate a lower debt repayment amount on your behalf, it will appear on your credit report as a settled account. This will remain on your credit report for up to 3 years and can lower your credit score.
Is it better to pay off a debt or settle?
When possible, it is better for your credit to pay off your debt in full. Settling your debts with the help of a certified credit counsellor means that your creditors have agreed to let you pay off less than the full amount, but debt repayment plans will appear on your credit report for an average of 3 years. Notes on your credit report negatively impact your credit and your chances of obtaining future financing.
How can I get out of debt without paying the full amount?
Seek help from an accredited credit counsellor. We can help you create a debt management plan that will eliminate some of your debt and lower the interest rate that you pay, saving you money in the long run and helping you get out of debt faster.
Are there any disadvantages to debt counselling?
- You cannot obtain more credit while in credit counselling.
- It will cost you a little bit of money since the fees are established by law.
- It can take longer to pay off your debts if you pay a smaller amount each month.