Debt Relief Canada (reliefcanada.ca) review

Our verdict

Our verdict

If you're looking for help to take control of your finances and get out of debt, Debt Relief Canada may be able to help. You can contact this for-profit debt relief company for a free consultation to discuss your financial situation and debt relief options. However, keep in mind that many debt relief solutions can harm your credit score and also come with fees attached, so it's important to know what you're getting into first.

Best for: Canadians who need help getting out of debt.

Pros

• Free initial consultation
• Speak to a financial consultant to discuss your debt relief options
• Available from coast to coast

Cons

• Some debt relief solutions can have a serious impact on your credit score
• No information about Debt Relief Canada's fees online
• Not BBB accredited

Debt Relief Canada is not currently available on Finder

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What is Debt Relief Canada?

Debt Relief Canada is a financial consulting firm that offers advice and potential solutions to Canadians struggling with debt. After assessing your financial situation with an initial consultation, a Debt Relief Canada representative can help recommend programs or money management solutions to help you get out of debt.

Your financial consultant may recommend a wide range of debt management options, including:

• Budget management
• Credit counselling
• Debt consolidation
• Debt management program
• Consumer proposal
• Bankruptcy

Is Debt Relief Canada legitimate?

Established in 2010, Debt Relief Canada is a registered corporation and has business addresses in London and Barrie, Ontario. It is contactable by phone and email, and it is listed in the Yellow Pages and on the Better Business Bureau website. Both offices are not BBB accredited and have limited customer reviews online. However, the London office has an A+ BBB rating.

Make sure the financial consultant you’re paired with has the proper licences and accreditations.

What we like about reliefcanada.ca

• Free initial consultation. Your first consultation with Debt Relief Canada is free. It’s a chance to assess your financial situation and consider your options for getting out of debt.
• Wide range of debt relief options. From credit counselling to personal bankruptcy, Debt Relief Canada can help you consider a variety of options to help you take control of your debt.
• A consultation won’t hurt your credit. Attending a consultation with Debt Relief Canada won’t have any impact on your credit score, but it will give you a chance to compare debt relief alternatives.
• Available nationwide. Financial consultants from Debt Relief Canada can help Canadians struggling with debt right across the country.

What to watch out for

• Some debt relief methods will harm your credit score. While attending a consultation won’t affect your credit score, many debt relief solutions will. Make sure you know what sort of impact any debt relief option will have on your credit score before you sign up.
• No fee information online. We couldn’t find any information on the Debt Relief Canada website about the fees that apply if you decide to pursue any debt relief methods after your initial consultation.
• Not a licensed insolvency trustee. Debt Relief Canada is not a licensed insolvency trustee, so they can’t administer debt relief solutions like consumer proposals and bankruptcies.
• Inactive business name. “Debt Relief Canada” is an inactive business name in the Ontario business registry as of May 9, 2023. However, the corporation remains active.

Alternatives to Debt Relief Canada

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Name	Product	Costs	Requirements
Debt.ca		Varies (depends on the company you're connected with)	At least $10,000 in unsecured debt, a hardship that is preventing you from paying your creditors	Go to site More Info	A nationwide service that can help you find a solution to reduce your debt payments by up to 50%. Request a free consultation with a trained debt relief specialist.	Compare	loading Fetching your data...

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Debt Relief Canada reviews

There are limited Debt Relief Canada reviews online and the company is not accredited with the Better Business Bureau. The reviews we could find for Debt Relief Canada were generally positive, with the business boasting a 4.9 out of 5 rating on Google reviews, but it’s worth mentioning that these reviews were left 4-5 years ago.

How much does Debt Relief Canada cost?

Your initial consultation with a financial consultant from Debt Relief Canada is free. After that, the fees that apply vary depending on whether or not you sign up for a debt relief program, and which program you choose.

Unfortunately, we couldn’t find any information on the Debt Relief Canada website about the fees charged for different programs. Before you sign up for any debt relief program, make sure you’re aware of all fees that apply.

What are reliefcanada.ca’s eligibility requirements?

Debt Relief Canada offers its financial consultation services to Canadians nationwide who are struggling with unsecured debt. There’s no maximum limit to the amount of debt you must have, and the company can also assist Canadians who are living abroad but who need help paying off their Canadian debts.

How to apply

If you need help getting out of debt, you can contact a Debt Relief Canada financial consultant in two ways:

• By phoning toll free 1.855.305.9940
• By filling out an online form with:
  • Your name
  • Your email address and phone number
  • The region where you live
  • The details of your enquiry

Frequently asked questions

• Is Debt Relief Canada a not-for-profit organization?

  No. Debt Relief Canada is a for-profit company. Keep in mind that depending on the debt relief solution or program you choose, fees may apply.

• Will a consultation with Debt Relief Canada affect my credit score?

  No, attending a Debt Relief Canada consultation will not have an impact on your credit score. However, the debt relief programs you can access through the company can affect your credit score in different ways should you sign up for any of them.

• Can Debt Relief Canada administer a consumer proposal or bankruptcy?

  No, Debt Relief Canada is not a licensed insolvency trustee, so it is unable to administer these government-regulated insolvency options. However, Debt Relief Canada says that it represents you in the process instead and can help you save money compared to going directly to a trustee.