100+ Canadians Choose Us Weekly – 1000+ All 5-Star Reviews – Read real stories here

Learn how to reduce your debt by 50-80% within 5-7 days

Free Debt Consolidation

No contact details required to find out if you qualify

Free Savings Estimate

Get Started

How it Works

Know More

Debt Relief Options

See Your Options

3 Best Options For Canadian Debt Relief In 2023

No one wants to be in debt, but sometimes because of unforeseen circumstances we might find ourselves hard pressed to make our income sustain our basic needs, much less have enough to make bill payments as well.

If you find yourself struggling to make monthly payments for two or more creditors, you might want to look into debt relief. Luckily, there are three good Canadian debt relief options for you to consider.  

Know more about us and what we can do by clicking on the button below…

You're not alone

Helped with $ 27,000 $ 41,500 $ 35,000 $ 17,000 $ 23,500 $ 46,340 $ 21,000 $ 35,000 $ 26,700 $ 65,500 $ 57,400 $ 17,500 $ 75,500 $ 63,000 $ 35,000 $ 18,500 $ 55,000 $ 85,500 $ 43,000 $ 29,500 $ 27,800 $ 41,200 $ 35,800 $ 85,000 in debt

1 day 3 days 3 days 8 days 7 days 6 days 12 days 9 days 3 days 6 days 1 day 4 days 2 days 1 day 7 days 5 days 8 days 6 days 12 days 16 days 5 days 8 days 2 days 7 days ago in debt in

Orillia Huntsville Peterborough Toronto Brampton Kitchener Mississauga Hamilton Belleville Kingston Cornwall Oshawa Ajax St. Catharines London Sarnia Windsor Sault Ste. Marie Elliot Lake Sudbury North Bay Timmins Thunder Bay Ottawa

Canada Debt Relief

1. Debt Consolidation

The first form of Canadian debt relief you should consider is debt consolidation. With debt consolidation, you consolidate the debt you have with multiple creditors and pay them off with one payment.

Debt consolidation requires you to take out what is known as a debt consolidation loan. For the purpose of paying off a number of existing debts instead of trying to figure out how to pay multiple creditors and keep track of multiple payment due dates. You just need to make one monthly payment to cover all your other debts

These are the advantages of a debt consolidation loan:

  • Less stress as you now just have to make one monthly payment 
  • Debt consolidation loans have a lower interest rate than other loans
  • You pay off your debt faster

These are the disadvantages:

  • You need to provide collateral
  • You need to have a good credit score

If you’re confident in your ability to allocate for and pay for the consolidation loan monthly dues on time, this sort of debt relief might just be the proper tool for you to become debt-free on a number of years.

2. Debt Management

In Canada, people seeking to get out of debt can turn to debt counseling or credit counseling companies. The professional credit counselors in these companies can help you develop a debt management or debt consolidation plan to allow you to pay off multiple debts quickly and easily.

If you decide to engage the services of a debt counseling company, they will pair you with a credit counselor who will take a look at your financial situation. The goal is to come up with a way to combine your different debt payments into one manageable monthly payment.

A debt management plan has a similar goal to a debt consolidation loan in the sense that it wants to save you from paying multiple monthly bills and instead, arrange it so you’re making one monthly payment only. In the case of a debt management plan, you will be making your payment to the debt counseling company who will in turn, forward those payments to your creditors for you.

Once your debt counselor has met with you and determined how much you can afford to pay your creditors monthly, they will meet with your creditors on your behalf and negotiate a payment plan that will suit your budget.

One big advantage in using a credit counselor is they can often make your monthly payments more affordable as they will try to get your creditors to lower the interest rate on your debt. With this negotiated rate and simplified payment method, many find themselves debt free within five years.

The advantage of a debt management plan are:

  • Easy payment as you just need to pay your debt counseling company
  • Your credit counselor can negotiate for a lower interest rate
  • Your credit counselor can also offer you financial advice that will help you stay debt-free in the future

The disadvantage of a debt management plan are:

  • You will need to pay service fees to your credit counseling company

3. Debt Settlement 

Debt settlement is another service that a debt counseling company can provide to Canadians who are looking for debt relief.

With debt settlement, you also will talk with a credit counselor to figure out how you can pay your creditors. However, the goal here is not to pay off all your debt but just pay off a certain manageable amount.

When you and your credit counselor figure out how much you can afford to pay your creditors, your counselor goes to them and negotiates to allow you to pay a certain percentage of your outstanding debt to settle the entire balance.

If a settlement is reached, your creditors will get some or most of their money back, and they will agree to no longer come after you for the remaining balance. The debt is “settled”. 

The advantages of debt settlement are: 

  • You save on interest and any late fees or penalties
  • You get to pay less to become free of debt
  • You secure your assets

The disadvantages of debt settlement are:

  • You need to pay service fees to your debt counseling company
  • It will have a negative effect on your credit score and will show up on our credit history for three years after the debt was settled

Our Clients 5-Star Reviews

Read More
“What a great experience! Natasha was a world of help with my credit counseling appointment and she’ll opened the door to new possibilities. Finally not feeling like my financial situation is stuck and or hopeless. Would definitely recommend NDRS to anybody in a similar position.”
Barbara Harris
Barbara Harris
Read More
“Michelle has been a very patient and and professional person. She explained the program clearly and it was very enlightening. I look forward to financial success.”
Sean Moore
Sean Moore
Read More
"The woman I spoke to gave me such a great advice I can not tell you how many sleepless nights she has saved me her name was Lori W. 1000 thank you’s to you"

Top 5 Key Benefits of our Ontario Debt Relief Program:

To know more what you can benefit from our Ontario Debt Relief Program, simply try our Debt Consolidation Calculator below and one of our debt specialists will get in touch with you and provide you the best debt relief option that fits your situation.

Do you want to experience Peace of Mind from all of these?

  • Credit Card Debts
  • Personal Loans
  • Car Loans
  • Taxes
  • HST
  • 407
  • Household Bills
  • Payday Loans
  • Student Loan
  • and more…

Talk to us! We will help you get out of debt.

We will help you reduce as much as 75% of your debts and consolidate it into a single affordable monthly payment. Your creditors will stop harassing you and all interest will freeze if you get into our Ontario Government Debt Relief Program.

Many Ontarians are already benefiting from our Debt Relief Program, YOU should too!

Find out how much you can write off portion of your debts by getting your Free Savings Estimate below. A debt specialist from National Debt Relief Services in Ontario will discuss all options and provide you tailor-fitted Debt Relief Program.

We will help you compare
the options and savings of all formal debt relief programs available to you.


No contact details required to find out if you qualify

Frequently Asked Questions

A Debt Consolidation is a negotiated debt settlement offer made between you and your creditors with the help of a Debt Relief Agency in Ontario. Some key benefits of Debt Consolidation are interest-free program, no upfront fee required, combined monthly payment into one affordable amount, no lawsuits, and many more.

Yes, your assets are safe from creditors. A licensed debt relief agency in Ontario will help you come up with an offer to your creditors that will make sure your assets will be out of the paper.

No, in fact, this is one of the great advantages of a Debt Consolidation Program. All wage garnishment will stop from the day you filed the proposal.

The effect on your credit score is not going to be severe. Your credit score will most probably go to R7 Rating and will remain in your credit report for another 3 years after you completed the program. This means that it will not be permanent and you will still be able to rebuild your credit score.


This varies depending on the proposal you will be discussing with the help of a certified debt relief agency. It is also worth noting that debt consolidation cannot exceed more than 5 years.

If a debt is shared, you need to file a joint debt consolidation offer to your creditors. However, in most cases, in which the debts are individually incurred will have no impact on your spouse.

After three missed payments, your debt arrangement with creditors will be broken and you will end up getting chased again for the original debt amount plus interest.

A debt consolidation offer can be paid off earlier if you can. In this way, you receive your “Certificate of Completion” sooner and you can immediately start rebuilding your credit score. 

National Debt Relief Services Ontariois a certified Canadian Debt Relief Agency that offers FREE CONSULTATION to your debt consolidation needs. We value the trust given to us by our clients by making sure your personal information is confidential and private. Our personalized plans are designed to tailor fit your financial capacity. Our specialists will get in touch with you by simply answering a few questions thru the link provided below.

Why Trust National Debt Relief Services?

Debt relief program's accreditation logos
Council for Economic Education

Proud to support financial literacy education

See What Our Customers Have To Say

Dawn Friesman
Dawn Friesman
I've been working with Allicia Macdonald shes very professional and sweet. I cant thank her enough for helping me rebuild my life. Thank you so much.
Chantal Rolfe
Chantal Rolfe
Today I had a wonderful experience with Rachael, she was Very professional I was very happy with what we talked about today she was very Caring I highly recommend national debt relief services hundred percent😃
Jennifer Magill
Jennifer Magill
Brittany was awesome, she explained everything clearly and offered solutions every step of the way. It’s always nice to hear that you could do this or that, I didn’t feel forced to do anything and was able to decide clearly. Thank you 🙏🏼
Dave Tonnos
Dave Tonnos
This company will work with you and through any difficulties that may arise. They actually hold themselves accountable, how refreshing during troubling economic times.
marian kamara
marian kamara
I have a great experience working with Suma, she work me through the program, takes her time to explain everything to me about how the program work, what I need to do from start to end of the process. I’m so thankful to God for sending an angel Suma to help relief my debt. It’s a great company to work with. I will recommend this program for anyone in debt like me.
Donna Hutchings
Donna Hutchings
Connie B. was absolutely awesome! She explained everything in detail to me. Very professional to work with and takes the time with you. She really has compassion. So glad she helped me out. Thank you
lynn collins
lynn collins
Joel has made this so simple and effortless he made sure i was well informed and making the right decisions for my situation i would recommend joel at national dept Relief to anyone in hardship with there bills thanks alot joel i really appreciate everything you have done for me thanks!! 5 stars for sure! and its chad ball not my mom lynn lol
Billy Bong
Billy Bong
I had a great experience with Brittany, so helpful and understanding. Never felt like I was being pressured or rushed into anything. She was always there with answers to my questions. Thanks for all the help and peace of mind you helped me achieve.
Amber-lyn Miller
Amber-lyn Miller
Let’s Just Put It Simple....... Not All Hero's Wear Caps........I spoke with Suma over a fairly lengthy period of time because of my busy schedule and lack of free time on my part, and she was not only extremely patient and understanding, but also beyond helpful And informative. Any question I had and no matter how many times she had to explain it to me she took her time to make sure I completely understood every single step and process before she moved on to the next thing. I have been so stressed out and worked up about my debt and trying to figure out how to fix it all since I know I will not be returning to work at all in the future because of medical issues and being 26 with that realization makes things just that more stressful but Suma made everything so easy and my payments are $100 a month for less then 5 years with no interest or penalties for early pay off. I’m so glad that I didn’t settle with some other place that was asking for $350 + a month for 7-12 years and paying off early would cost you more.
Jessica Preston
Jessica Preston
Caroline F. was phenomenal, she was so helpful, understanding and compassionate. Caroline did not make me feel bad for my mistakes, she was supportive and caring, she helped me through this dark time in my life I'm so incredibly happy I crossed paths with her. Thank you Caroline for being so wonderful to me! <3

We Help Over 200+ Ontario Clients Per Day

We're here to help you consolidate your debt.

Get a free savings estimate today. There is no obligation.