Oliver RoyThese 5 best debt consolidation services in Montreal have real success records
Crushing debt? We know how it feels. If there are two things you need to know, it’s just these: you’re not alone, and there’s still hope!
Individuals in Montreal can reach out to debt consolidation firms to help them get over their burdens. And when searching for the right service, it’s important not only to find options that will accept your case but will actually deliver real success.
Using city data, interviews, and trend analysis, we sought to find the best service to consolidate debt. Find your best option here today.
How much does debt consolidation cost in Montreal?
When debt is consolidated, the amount the debtor pays depends on the total of their consolidated debt, repayment terms, and interest charges. In general, this can range from a couple of hundred to thousands of dollars per month.
In some cases, the debt consolidation service will charge an administration fee, as well as origination fees. Depending on the company, these charges may be waived
How we chose
1. MNP Debt
Location: 1155 Boul. René-Lévesque O 19e étage
Contact: +1 514-932-4115
Opening Hours: Monday – Friday: 8:30 AM – 8:00 PM
Website
When it comes to efficiency, MNP earned our favour. We liked that their initial consultation is confidential and completely free, with an advisor contacting clients within 1 business day.
What’s even better is that clients feel supported all throughout, reporting that they feel advocated for without judgment. This is very important for us because those needing debt consolidation already deal with a lot. They don’t need more judgment from others.
Every debt consolidation program is personalised based on needs, so clients really get attention at each step.
They also earned marks for offering a full suite of debt solutions, including consumer proposals, debt counselling, and financial recovery guidance. We find this adequate to help clients get back on their feet after the consolidation.
For French-only speaking clients though, services can feel tough as there are certain offices that can’t communicate in the language. Fortunately, they seem to be working on this issue already, by focusing on bilingual services.
Easy to talk to
“She is amazing. I would give her 10 stars. Gabby deserves a raise. She’s a very kind person. She’s also very helpful and easy to talk to which is really helpful finding myself in a situation where I needed to do a consumer proposal.”
Susan Young | Google Reviews
Reliable and responsive
“The service and professionalism has been nothing less than top notch since the onset of our relationship up to and including my most recent request for additional forms and documentation. Fast, reliable and responsive service from each staff member I spoke with.”
Jason MacDonald | Google Reviews
2. Consolidated Credit
Location: 1250 René Lévesque Boulevard West Suite 2200
Contact: +1 (855) 290-7397 | +1 (844)-329-5616
Website
Being a non-profit organisation, Consolidated Credits has the level of transparency we’re looking for. They offer free and confidential credit counselling for those looking to regain control over their finances.
Through their Debt Management Program (DMP), they’re able to consolidate multiple debts into one manageable payment. We find this helpful as it benefits clients with reduced interest rates, waived fees, and extended repayment terms.
In speaking with clients, we found that their counsellors are highly empathetic. The support they offer is also ongoing, even after the cases have been completed. Beyond consolidation, this level of care is something we value.
However, it’s worth noting that some customers report experiencing delays in receiving their final payment schedules. We advise being proactive in follow-ups to avoid such issues.
Honest from the beginning
“They have been up front and honest with me from beginning. Their customer service are so helpful and understanding. My financial problem situation is being made so much easier because of Consolidated!”
Rosita D’Alessandro | Trust Pilot
Quick solutions
“Consolidated was very helpful and quick to come up with a solution to my financial debt problems. A big thank you to the Consolidated tean Sheldon Anderson”
Sheldon A. | Trust Pilot
3. Credit Counselling Society
Location:
Contact: 1-888-527-8999
Opening Hours: Monday – Thursday: 8:30 AM – 11:00 PM | Friday: 8:30 AM – 7:30 PM | Saturday: 10:30 AM – 6:00 PM
Website
One of the key highlights of the Credit Counselling Society is its ability to save clients significant amounts in interest charges. This is thanks to their non-profit nature, which means clients aren’t pressured to take loans to consolidate.
A solid proof of their efficiency is their 98% satisfaction rating from clients. Additionally, they have an A+ accreditation from the Better Business Bureau and boast more than 80 awards as of writing.
We also loved their debt management programs, which are comprehensive as they are helpful. Their advisors can walk clients through these solutions through options (such as personalised budget management) during the consolidation period.
The only downside we observed was that getting an initial appointment can take time, which is frustrating for clients with heavy debts. Other than that, the overall experience remains positive for most clients.
The real deal
“This organization is the real deal, couldn’t recommend them highly enough. No games, no hustle, just an altruistic, supportive non profit service to help you face tough times financially, consolidate debt and move on. Witnessed this first hand and it blew my mind, kind of shocked everybody doesn’t know about them. Anne Marie Perks in particular is wonderful!”
David Ray | Facebook
Gets you back on your feet
“The CCS are very helpful and the Debt Management Plan they offer, are an excellent method to resolve your financial problems and get you back on your feet going forward. The staff in the Ottawa office are friendly, knowledgeable and prompt in their handling of your file. The DMP process allowed me to pay off all my debts and get back to free cash position in a short term. If you are over-extended with Credit problems and high interest debts, the CCS can provide relief to you too!!!”
Paul Cobb | Facebook
4. 4 Pillars Debt Relief NDG
Location: 6100 Chem. de la Côte-des-Neiges Suite 200B
Contact: +1 514-996-7055
Opening Hours: Monday – Friday: 9:00 AM – 5:00 PM
Website
With over 50 locations across Canada, 4 Pillars impressed us with their accessibility. They have already served over 50,000 as of this writing, helping clients eliminate up to 80% of their debt.
We particularly liked that they operate with no upfront fees, which removes financial barriers for many individuals. They also help clients explore various solutions in case consolidation turns out to be the last resort.
For instance, they can assist with consumer proposals or introduce their Clients for Life program (this one involves continued financial education).
In terms of track record, they’re one of the best too. They have a 97% success rate in completing plans. With these numbers, we find them to be one of the most trustworthy options in the city.
We just had a bit of a problem when it came to following up after the initial consultation. This inconsistency can be concerning for those looking for a long-term partner, so improvements will make things better.
Extremely helpful
“Zach had been extremely helpful throughout the whole process of my consumer proposal. He explained to me the pro’s and con’s of my options and also helped me decide which one is better for my option.”
Kylie | Trust Pilot
Makes clients feel comfortable
“I am so grateful for the support of Zach from 4 Pillars with my consumer proposal. Zach has a great sense of humour is friendly and he made me feel very comfortable. I was hesitant initially and didn’t follow through with my first consultation but I really wish I had done this sooner. Zach ran me through the whole process and I no longer felt fearful and down with the process and as a result I am now debt free. Zach also assured me that he is available if I need any help in the future. I highly recommend 4 Pillars to help you get free from dept and to be more financially stable in the future and I am so grateful.”
Kacy | Trust Pilot
5. Credit Canada
Contact: +1 800-267-2272
Opening Hours: Monday – Thursday: 8:00 AM – 6:00 PM | Friday: 8:00 AM – 5:00 PM | Saturday: 8:00 AM – 4:00 PM
Website
As the country’s longest-standing non-profit credit counselling agency, Credit Canada is definitely a reliable choice for many. They’ve helped resolve over $350 million of debt for over 2 million clients.
We appreciate that their services include free, one-on-one financial counselling. What sets them apart is that this consultation is available in multiple languages, including Mandarin, Spanish, French, and more.
Our team also agreed that their accessibility is a plus, as clients can speak with a counsellor by phone or live chat without an appointment.
Their debt consolidation plan is also well structured. Clients also pointed out that they explain all available options, gaining our favour for good communication.
The only downside we encountered was that a few clients experienced delays in getting their closing packages. As with other companies with this issue, our best recommendation is to follow up consistently until the final stages.
Helpful and knowledgeable
“Raj Khimji was helpful and knowledgeable about my options. I’m glad I’m on my way and have less anxiety after dealing with this past mistake. Thanks Credit Canada.”
Nate | Trust Pilot
Fantastic from start to finish
“Doris was fantastic, from start to finish she helped me get set up to consolidate some of my debts, will consider using your service again in the future. Thanks”
Loqman El Sharif LowKi | Trust Pilot
