What a debt counsellor does for you
Filed under: Bankruptcy, Debt Management, debt relief, Proposal, rebuilding credit
We understand that many people who are in financial crisis struggle with getting the right information. Not because they lack intelligence, but rather because they lack experience and simply don’t know where to begin looking for help. After all, financial crisis is not a common occurrence in one’s life: it’s an anomaly, an unusual, one-time event.
And since financial crises are often shrouded by shame, reaching out becomes really hard to do. This page is our attempt to help you begin your research, and start you moving towards whatever financial-restructuring solution that is best for you.
Category | Debt Counsellor | Trustee |
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Financial compensation |
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Who they work for |
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Comprehensive presentation of all options and strategies |
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Comprehensive time and obligation management |
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Facilitates your entry into a selected process |
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Legal protection from creditors |
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Regulation |
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Advanced preparation |
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Documentation |
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CAUTIONARY NOTES | ||
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Watch for ads that are simply a referral service for trustees. These are the ads that scream, “Government program will reduce your debt; call now, our operators are standing by.” Typically, the information you submit gets transferred to an out-of-country call center, who will then refer you to a certain trustee. Please refer to the consumer alerts section on this website. | ||
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It is absolutely essential to us that you know the pros and cons of what services you ultimately select. Since ethics is paramount to us, we will also direct your attention to some articles that advise against seeing a debt counsellor (typically referred to as a debt consultant). Note, that trustees typically advise against debt consultants; and that debt consultants are typically weary of a trustees financial motivations. We recommend the following articles:
Please also refer to the consumer alerts section on this website, as we happen to agree with many of the (scam-based) objections and concerns of these trustees. |
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One final note
We identify ourselves as “Debt Counsellors” as opposed to “Debt Consultants” as counselling is a paramount component of our services. Our debt counsellors have:
- Over five (5) years experience counselling, and have received education and training in this field;
- A university degree (minimum BA); and,
- Received (or are in the process of receiving) certification as Insolvency Counsellors from CAIRP, the Canadian organization that ultimately oversees the regulation and licensing of trustees in Canada.
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