Credit Counselling Services of Atlantic Canada, Inc. (CCSAC) offers help with credit card debt, budget counselling, debt repayment plans, financial education and more to help you on your way to financial freedom. If you’re looking for debt relief, we can help.

If you are feeling overwhelmed with debt, if you do not know where your money is going, or if your money is not covering all of your bills. It may be time to meet with a credit counsellor. We will help you examine your financial situation, discuss possible debt repayment options and help you create a plan of action that best suits your needs. We offer budgeting and money management tools, advocacy with creditors, referrals to other supports and consumer education. A credit counsellor will help you to set your financial goals, track your spending and identify your spending habits that may need to change so you are paying bills on time, saving and living within your means.

Are you working hard every day, but never seem to have anything left in your bank account at the end of the month? Would you like to know exactly where your money is going? Credit Counselling Services of Atlantic Canada, Inc. (CCSAC) offers help with credit card debt, budget counselling, debt repayment plans, financial education and more to help you on your way to financial freedom. If you’re looking for debt relief, we can help. A certified credit counsellor can provide budget counselling, debt management solutions and consolidation relief. With several offices located across Atlantic Canada, we are able to provide guidance to consumers who are looking to solve their debt problems. CCSAC will help you find a solution that works.

Creditaid helps people manage debt and become debt free with credit counselling and debt consolidation programs.

Credit counselling works.flv

??? A tutorial on the differences between debt consolidation vs credit card refinancing.

Table of Contents:
0:00 Overview and Introduction
0:19 What is credit card debt consolidation?
3:45 What is credit card refinancing?
7:14 When to consolidate and when to refinance?
8:40 How to research credit cards for balance transfer (credit card refi)
10:05 Secured vs Unsecured Credit Cards

http://www.creditaid.ca/ When it comes to your finances and working through debt – you need someone that you can completely trust. Call Creditaid, your licensed and bonded credit counselling agency.

Prepping On Credit | Top 5 Preps Worth Taking On Debt
Should you take on debt in order to be better prepared? This question comes up often in the prepper community. Here’s my answer.

It’s easy to generalize everything into either good or bad. Wrong or right. Yes or not. And when prepping for SHTF style scenarios, it’s easy to say “No, don’t get into debt as a prepper.” But, are there some exceptions to that rule? I feel that there might be. I am not a financial advisor so never make any financial decisions based on what I have to say. I am just sharing my experiences with utilizing debt to become better prepared for any emergency.

For more information on SHTF prepping, please visit: https://www.MagicPrepper.com

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#Prepping #Top5 #SHTF

Learn how credit counseling and debt management plans really work. This video will cover everything you need to know.

What is mandatory credit counselling?
Credit counselling refers to the two counselling sessions, a person filing bankruptcy or a consumer proposal, is required to take before he can be discharged from bankruptcy.
Usually the counselling sessions are held at the trustee office.
The purpose of the counselling sessions is to provide financial information skills to the debtor in the hope that these skills will better prepare the debtor to make sound financial decisions.
The Office of the Superintendent of Bankruptcy has provided the following standards for trustees to follow:
First Counselling Stage — Consumer and Credit Education
The qualified counsellor shall present information to provide the bankrupt and/or relative, or a consumer debtor, with consumer advice in the areas of:
(i) money management;
(ii) spending and shopping habits;
(iii) warning signs of financial difficulties; and
(iv) obtaining and using credit.
Second Counselling Stage — Identification of Roadblocks to Solvency and Rehabilitation
The second stage is to determine the budgetary and/or non-budgetary causes of insolvency or bankruptcy and requires that the qualified counsellor:
(a) follow up on the application by the debtor of the principles presented in the first stage to assist the debtor, to better understand his or her strengths and weaknesses with regard to money management and budgeting skills;
(b) assist, where appropriate, the bankrupt and/or relative, or a consumer debtor:
(i) to identify the non-budgetary causes (such as gambling abuse, compulsive behaviour, substance abuse, employment and marital or family difficulties) that may have contributed to his or her financial difficulties;
(ii) to better understand his or her behaviour in financial management and consumption habits; and
(iii) to make him or her aware of the existence of resources that will help him or her achieve and maintain economic stability; and
(c) cooperatively with the debtor, develop recommendations and alternatives for a financial plan of action that, if appropriate, may include referral for specialized counselling to deal with non-budgetary causes of insolvency.

So does counselling succeed in its objective to better educate debtors so they can better manage with their finances? Some trustees think that counselling is very useful; or even essential.
Saul Schwartz: Counselling the Overindebted: A Comparative Perspective (2005) https://www.ic.gc.ca/eic/site/bsf-osb.nsf/vwapj/Schwartz-2005-ENG.pdf/$FILE/Schwartz-2005-ENG.pdf
Trustees as Noted by Saul Schwartz’s Study (above):
The trustee supports mandatory counselling despite believing, as do most trustees, that bankruptcy is not often an avoidable consequence of personal irresponsibility or ignorance.

Many trustees believe that their clients’ bankruptcies are unavoidable because they are caused by events such as unemployment, illness or family disruption.
I think that counselling is ineffective for the reasons I give in this article. https://www.bankruptcycanada.com/why-counselling-should-be-discontinued.htm