What is Credit Counseling?

Credit counseling is a service which can help you place your financial affairs under control. It is also known as debt counseling and consumer credit counseling. In Canada, credit counseling services are provided by credit counselors – the accredited debt management consultants.

Credit counseling includes help with personal budgeting to help you understand and control your finances to avoid future problems. It also includes possible debt negotiation and settlement with your creditors, through a Debt Management Plan.