Many Canadians face mounting financial pressure from credit cards, loans, and other unsecured debts. Knowing how to navigate these challenges and when to seek help is essential for regaining control over your finances.
At A.C. Waring & Associates, we offer a one-stop solution for both credit counselling and licensed insolvency services, making it easier for you to get personalized advice and practical support, all under one roof.
Whether you’re trying to stay on top of monthly bills or need legal protection from creditors, our experts are here to guide you through the right path toward debt relief.
Credit Counselling and Licensed Insolvency Trustees: What’s the Difference?
What Is Credit Counselling?
Credit counselling is a form of financial guidance designed to help individuals regain control over their debt through education. Credit counsellors help individuals manage unsecured debt through budgeting, financial education, and Debt Management Plans, but they are not licensed to offer advanced legal debt solutions.
What Is a Licensed Insolvency Trustee?
Licensed Insolvency Trustees are federally regulated professionals who can provide financial advice, credit counselling, Consumer Proposals and Bankruptcies (personal and business). Trustees can initiate formal processes such as, but not limited to:
- Stopping wage garnishments
- Halting creditor lawsuits and collection calls
- Providing formal protection under the Bankruptcy and Insolvency Act
- Guiding you through a structured, federally-approved path to debt resolution
The Benefits of Credit Counselling & When You May Need It
Credit counselling may be right for you if:
- You’re managing unsecured debt (like credit cards or payday loans) but can still make partial payments.
- You need help creating a realistic budget or managing spending habits.
- You’re interested in a Debt Management Plan (DMP) to consolidate your debts into one monthly payment.
- You want education and coaching on long-term financial wellness.
Again, it’s important to note that credit counsellors alone are not licensed to administer legal debt solutions.
When a Licensed Insolvency Trustee Is Needed
Looking to solve stressful and complex financial problems? Reach out to our experienced team if:
- You are insolvent, meaning you cannot pay your debts as they come due.
- You’re facing wage garnishments or other creditor actions.
- You’re considering filing a Consumer Proposal.
- You are contemplating Bankruptcy.
Licensed Insolvency Trustees, licensed by the federal government, can administer Consumer Proposals and Bankruptcies in Canada.
Choosing the Right Path: Start with a Full Financial Assessment
Many people aren’t sure how severe their debt situation is or what solutions are available to them. That’s why speaking with a licensed professional can help you evaluate your income, expenses, assets, and debt complications. This is a critical first step.
Starting with a comprehensive financial discussion with a trustee allows for a review of your entire financial picture and an explanation of all available debt relief options.
Choosing the right debt solution isn’t just about the numbers, it’s about finding a plan that aligns with your financial goals, well-being, and long-term stability. A full financial assessment gives you the insight needed to move forward with the right support, at the right time.
Why Choose A.C. Waring & Associates
When it comes to debt relief, choosing the right team makes all the difference. At A.C. Waring & Associates, we provide the full spectrum of debt support services. Here’s what sets us apart:
- Licensed Insolvency Trustees & Certified Counsellors in One Place—we’re federally licensed to administer Consumer Proposals and Bankruptcies, and we also provide non-judgmental credit counselling.
- Personalized, Honest Advice—our team takes the time to understand your unique financial situation and goals.
- A Practical, Compassionate Approach—struggling with debt can be overwhelming, but you don’t have to face it alone. Our clients often tell us they feel heard, respected, and relieved after speaking with our team.
- Proven Track Record Helping Albertans Become Debt-Free®—with decades of experience serving individuals and families across Alberta, we’ve built a reputation for providing trustworthy, professional, and effective debt solutions.
Find the Right Debt Relief Solution
The right debt solution depends on your unique financial situation. Our credit counselling can provide valuable guidance and budgeting support, business or personal, when you’re still able to make payments as well as counselling during insolvency proceedings. A Licensed Insolvency Trustee is essential if you have complicated personal or business matters to address.
At A.C. Waring & Associates, we offer full services so you get honest, frank advice, and a debt relief plan tailored to your needs. Don’t wait for financial stress to take over.
Schedule a free consultation, and start building a debt relief plan tailored to your unique needs. With the right support and strategy, financial freedom is closer than you think.
