Credit Counseling

Common options for Credit Counseling in Toronto

Looking for certified credit counsellors to provide debt help? You’ve come to the right place. At Phong Su & Associates Inc - Licensed Insolvency Trustee we can review your debt and budget before providing you with the best debt relief options. We can help you take steps to stop the harassing collection calls from your creditors. With our help, you’ll get tips to eliminate interest and reduce monthly payments. All the information we share is completely confidential.

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What to expect
in credit counselling?

When you approach our non-judgemental credit counsellors, we will take a look at your current situation to better understand the issue at hand. This initial assessment involves taking a deep dive to better understand your income, expenses, debts, and assets. We do know that every debt situation is different and that’s why we always map out the best route forward. We will walk you through some money management tips, budgeting advice and lifestyle changes that may work for you, your family, and your income.

Our counsellors provide a safe space

We understand that no two financial situations are exactly alike.

That’s why it’s important for our counsellors to know exactly how your life currently operates. We will ask all the questions necessary to really understand what you need to keep going and what you value most in life. Everyone has a different perspective of essential expenses and that’s why we take time to understand our client better and offer the best possible guidance. This process can be overwhelming, but we promise to provide the warmth and support you need to keep going.

Understanding your reality

Our credit counsellors will walk you through every process of collecting your financial information without creating any panic. We will guide you on how to start forming a plan that addresses the problems you’re currently facing right away. You’ll walk out of this meeting feeling a sense of control. You’ll not only deeply understand what the problem is but also how to fix it. Our goal is to help you believe that you can be debt free because it is a possibility.

Review your debt management options

We can explore different forms of debt management during the credit counselling sessions. For instance, it could be a suitable option for you to enrol into a debt consolidation program or apply for a loan at your bank that allows you to make a single monthly payment with a fixed interest rate. We will also help you create a budget that accommodates all your expenses instead of letting them pile up. We can also evaluate options like filing a consumer proposal or declaring bankruptcy during the credit counselling Toronto. Our credit counsellor will explain the best recommendations for you and even explain the reasons why each solution could work. We will answer any questions you may have regarding all the debt relief options available.

Too Much Debt?

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