Debt Management Program
CCSAC is committed to helping you reach the financial freedom you deserve.
We focus on money management, budgeting and how to use credit responsibly. We work with you and your creditors to tailor a Debt Management Program (DMP) that will reduce monthly payments, interest and other fees, and provide a plan that works for you.
Our DMP, a proven way to reduce your outstanding debt through monthly payments, is the first step to achieving financial independence. Our counsellors will put together a plan that consolidates your bills into one low monthly payment. You will make that payment to CCSAC and we will distribute your payments to your creditors. With reduced interest rates and one constant deposit amount a CCSAC DMP can take years off of your overall repayment term. CCSAC will also help you prepare a budget that will help you stay on track with your finances.
While there is a small fee for administering our program CCSAC receives most of it’s funding from voluntary creditor donations. These contributions are calculated as a percentage of the payments made through your DMP deposits. However, your account will always be credited with 100 % of the amount you pay through the program.
We work with all of your creditors, regardless of whether or not they contribute to us, to ensure you get the best service possible.
Contact us to find out how we can help you rid yourself of debts.