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.


Does the federal government provide debt relief options?

Does the federal government provide debt relief options?

consumer proposal
Discover how the Canadian federal government offers debt relief through consumer proposals and personal bankruptcy. Learn how to get back on track today!
What actions can a collection agency take against me?

What actions can a collection agency take against me?

debt management plan
Discover the legal rights of collection agencies in Canada and how they can pursue debt recovery. Learn what they can and can't do. Find out now!
Is my debt collector using fraudulent practices?

Is my debt collector using fraudulent practices?

debt management plan
Are you questioning if your debt collector is a fraud? Discover how to identify legitimate debt collection practices and protect yourself from scams. Learn more!
What does re-aged debt mean for your credit report?

What does re-aged debt mean for your credit report?

debt management plan
Discover what re-aged debt means and its potential impact on your credit report. Understand the legalities and implications. Learn more about this important topic!
Does paying off collections boost my credit score?

Does paying off collections boost my credit score?

debt management plan
Learn how paying off collections can impact your credit score. Discover the nuances of credit reporting and improve your financial future. Read now!
What are the reasons for a consumer proposal denial?

What are the reasons for a consumer proposal denial?

consumer proposal
Discover why a consumer proposal may be denied, from unrealistic plans to financial transparency. Learn how to prepare and avoid common pitfalls. Read now!
Is it difficult to secure a mortgage after a consumer proposal?

Is it difficult to secure a mortgage after a consumer proposal?

consumer proposal
Struggling with getting a mortgage after a consumer proposal? Understand the challenges and the path to approval. Learn tips for improving your chances now!
What types of debts are excluded from a consumer proposal?

What types of debts are excluded from a consumer proposal?

consumer proposal
Discover what debts can't be included in a consumer proposal debt solution. Learn about secured debts, student loans, and more. Read now to stay informed!
Do creditors typically accept consumer proposals in Canada?

Do creditors typically accept consumer proposals in Canada?

consumer proposal
Discover how creditors respond to consumer proposals in Canada. Learn why they often accept these agreements and boost your chances of success. Read now!
How can I manage debt without a consumer proposal?

How can I manage debt without a consumer proposal?

debt management plan
Discover effective debt management strategies to avoid consumer proposals! Learn about budgeting, debt consolidation, and more. Read now for expert tips!