Frequently Asked Questions

We have compiled some frequently asked questions and answers regarding our services. Feel free to email us a more specific question if you do not find the answer you are looking for. Remember, we are here to help.

Frequently Asked Questions

What is credit counseling?

What is a debt management program and how does it work?

How can a debt management program lower my monthly payments?

What kind of savings can I expect through credit counseling/debt management?

How long does it take to get out of debt with a debt management program?

What types of debt do debt management plans handle?

How do I decide between a debt management plan or a debt settlement plan? What could go wrong with debt settlement?

What happens when I receive credit counseling?

How do debt management programs differ from bankruptcy and consumer proposals?

Will my creditors work with a debt management program?

Will debt management stop creditors from calling?

Will signing up with AA Canada Credit Advisors affect my credit?

Can I still use my credit cards?

How much does a debt management program (DMP) cost?

How much does credit counseling cost?

Can I negotiate with creditors on my own?

How can I receive credit counseling or start my debt management program?

Should I consider getting a loan instead of credit counseling and/or a debt management program?

What is secured debt?

How do I choose a credit counseling service?

How can I be assured that AA Canada Credit Advisors is paying all my bills?

What happens if I miss a payment to Credit Advisors?

What should I do if a creditor calls me at home or work?

Should I list every creditor when I apply or can I leave some off (for example, one of my credit cards)?

Can I make a double payment?

Will I still get monthly statements from my creditors?

Why AA Canada Credit Advisors rather than another counseling agency?

How can you get people out of debt so fast?