Answers

Tips, Tricks, Help & Relief Options

Dealing with debt often brings many questions, and you’re not alone in seeking answers. On this page, we’ve gathered the most common questions about debt in Canada based on the real-life experiences of people just like you. From understanding how debt affects your credit to exploring available relief options, these questions reflect many Canadians’ genuine concerns.

Financial Solutions for Canadians

We aim to provide clarity and reassurance, reminding you that you’re not alone. Many others are walking the same path, and together, we can navigate these financial challenges to find a way forward.

Have a question you’d like to ask? Want to ask it anonymously? Ask any question about debt anonymously, and we’ll get back to you as soon as possible with an answer. Ask a debt question.


What does credit counseling do? DEBT INSIDERS

What does credit counseling do?

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Find how credit counseling can transform your finances! Get custom budgeting assistance and expert strategies to regain control & avoid bankruptcy. Learn more!
How to avoid paying taxes on debt settlement? DEBT INSIDERS

How to avoid paying taxes on debt settlement?

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Discover expert tips to avoid taxes on debt settlements in Canada. Learn how to leverage forgiven debt income wisely. Read now to navigate tax savings!
What do credit counsellors do? DEBT INSIDERS

What do credit counsellors do?

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Discover how credit counsellors can help you with debt management! Learn about personalized budgeting plans, debt relief strategies, and more. Read now!
Is MJR Capital Services legit? DEBT INSIDERS

Is MJR Capital Services legit?

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Discover the truth about MJR Capital Services, a debt collection agency facing harassment claims. Is it safe to engage with them? Read now for insights!
What does outstanding balance mean? DEBT INSIDERS

What does outstanding balance mean?

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Discover what an outstanding balance means and how it affects your finances. Learn tips to manage it effectively. Read now for essential insights!
Is Debt Relief Canada legitimate? DEBT INSIDERS

Is Debt Relief Canada legitimate?

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Is Debt Relief Canada legitimate? Discover the truth behind their claims and learn why licensing matters. Stay informed before making decisions—read now!
Does debt counselling affect credit score? DEBT INSIDERS

Does debt counselling affect credit score?

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Discover how a Debt Management Plan (DMP) can impact your credit score. Learn if debt counselling is a step forward or a setback. Read now!
Does Clear Score affect credit score? DEBT INSIDERS

Does Clear Score affect credit score?

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Discover how ClearScore impacts your credit score in Canada. Learn about safe soft checks and how to monitor your credit health without worry. Read now!
What is consumer proposal Canada? DEBT INSIDERS

What is consumer proposal Canada?

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What is a consumer proposal is in Canada? Learn how this debt settlement option can help you negotiate with creditors and regain financial stability. Read now!
How to pay MasterCard bill online? DEBT INSIDERS

How to pay MasterCard bill online?

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Easily learn how to pay your MasterCard bill online with our step-by-step guide! Discover methods through online banking or a mobile app. Read now!