Debt Pooling

Our debt pooling program allows debtors to repay their debts at their own pace, with one monthly payment that fits into their current budget.

We have established agreements with over 300 creditors that allow individuals the opportunity to repay their principal over an extended period of time at a reduced or 0% interest rate. It is an informal arrangement and not part of the Bankruptcy and Insolvency Act. Our Credit Counselors can guide you in paying off your debt and rebuilding your credit rating.

We are licensed by The Alberta Government as a Debt Repayment Agency to act on behalf of the Debtor. Since the program is not a court ordered option like an Orderly Payment of Debt, Consumer Proposals or Bankruptcy, we have a lot of flexibility.

The advantages of debt pooling:

Payments are based on your ability to pay and are structured to fit your current budget.
There is only one monthly payment.
Creditors receive 100% of their principal back.
We distribute your monthly payment to your creditors on your behalf.
No court order is required.
We do not advise your employer that you are registering in our debt pooling program.
If your financial situation changes, all other options are still open.
If sufficient capital becomes available, we can make settlement arrangements with the creditors.