Using a credit counsellor is the worst possible way you can restore your credit score and get out of debt quickly and with a minimal fee.

Filing bankruptcy or a consumer proposal will be cheaper, will get you discharged sooner and will allow you to rebuild your credit in as little as two years so you can qualify for the most difficult credit of all; a mortgage at the same rates as the most credit worthy person, who was never in bankruptcy. It is also important to note that credit counsellors cannot deal with tax debt and cannot guarantee that creditors will stop legal action against you, as trustees in bankruptcy can.

If you have any questions about this or other aspects of bankruptcy or consumer proposals you can set up a FREE consultation with our trustees, who are in every province and territory in Canada.