Credit Counselling

	Credit Counselling - Money Problems Radio Show (Opens in a new window. Optimized for Windows Media Player 6.4 and later versions.)
Originally aired on December 24, 2005.

Show Topic:

Credit Counselling , also known as Debt Management Plans, is a way for you to repay your creditors in full, without going bankrupt.

Guests:

Ms. Heather Cudmore. Heather is a credit counsellor with many years experience working to help people deal with their money problems. She is currently the Credit Counselling Director at Catholic Family Counselling in Kitchener, Ontario, a not-for-profit counselling agency.

Even though it's called Catholic Family Counselling, the agency is non-denominational; they are a professional counselling agency that has been helping children, individuals and families since 1952.

Show Summary:

Heather Cudmore explained the process known as credit counselling, also known as a debt management plan.

A debt management plan is a service provided by accredited credit counsellors. These are non-profit agencies created to help individuals experiencing financial distress. Debt Management Plans work best for people with credit card and bank debt, and they are best for people with jobs who want to repay their debts.

Question of the Week:

Q. My name is John. Our financial problems started two years ago when my wife was off on maternity leave, and things got worse last year when I was unemployed for five months. I now have a good job, and my wife is also working part time, but we are behind on our bills. We owe about $10,000 on credit cards. What can we do?

A. A debt management plan is a great option for helping you repay your credit card debts. For more information, contact a credit counsellor.

Here are some great links to help you:

	Catholic Family Counselling Centre in Kitchener (Heather Cudmore, Director, Credit Counselling)
	Catholic Family Counselling is an accredited member of: Ontario Association of Credit Counselling Services, Family Service Canada and A member agency of the United Way.
	Contact an expert today for more information
	Follow the link to see a list of local credit counsellors