Warning About Debt Solution Services

Monday, April 10, 2017

The Financial Consumer Agency of Canada (FCAC) has provided a warning about companies that offer to help you pay off your debt or repair your credit score. Companies offering fast and easy solutions to these problems are not always legitimate.

Before you sign up for help to repay debt or repair credit, you should:

  • Get advice from different reputable sources such as a financial advisor, an accredited credit counsellor or a licensed insolvency trustee;
  • Ask questions and compare options; 
  • Read the fine print and understand the terms and conditions before signing a contract or an agreement.

You can learn more about this topic in Settlement.Org’s Consumer Protection section.