Consolidated Credit Counseling Services of Canada

What Consolidated Credit Counseling Services of Canada does

Consolidated Credit Counseling Services of Canada, Inc. is a Toronto-headquartered, Ontario-incorporated non-profit credit counselling organization founded in 2006. Its core offering is free initial credit counselling followed by paid enrolment in a Debt Management Program (DMP), under which clients make a single monthly payment to Consolidated Credit that is then distributed to creditors while the organization negotiates reduced interest rates and waived late fees. Program terms typically run 36-48 months and form the primary revenue stream, supplemented by ancillary fee-based services (debt consolidation referrals, consumer proposals via Licensed Insolvency Trustees, bankruptcy guidance, home-equity debt solutions). Supporting infrastructure includes a Member Portal, a financial-education video and calculator library, a Spanish-language microsite, and the K.O.F.E. (Knowledge of Financial Education) workplace wellness platform sold to employers.

The organization serves individual Canadians across six provinces through offices in Toronto (two locations), Vancouver, Calgary, Winnipeg, Montreal, and Edmonton, plus a national toll-free acquisition line and web channel. The technology stack is straightforward: commercial debt-management software, a client portal, a marketing site with multi-language variants, and the K.O.F.E. education platform. No proprietary AI, machine learning, or advanced automation is disclosed. Marketing is content-led (financial-news blog, calculators, videos, Trustpilot reviews) supplemented by community outreach, scholarship programs, and a multi-year partnership with Seneca College.

Commercially, the entity operates without disclosed revenue, outside investment, or a parent company. It holds BBB A+ accreditation, accreditation from the Canadian Centre for Accreditation, OACCS membership, and Consumer Protection BC affiliation. Headcount is approximately 36 employees, which is the only quantitative operational metric provided. The combination of non-profit positioning, multi-decade operating history, and disciplined geographic footprint is consistent with a stable-services entity rather than a venture-scale business.

Name

Consolidated Credit Counseling Services of Canada

Legal name

Consolidated Credit Counseling Services of Canada, Inc.

Website

https://consolidatedcreditcanada.ca

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Consolidated Credit Counseling Services of Canada is a Toronto-based non-profit credit counselling organization serving individual Canadians with debt management plans, credit counselling, and financial education across six major Canadian cities.

Ownership category

akta.pro rank

Product category

Credit Counselling Services

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Consumer Credit Counseling & Budgeting (FSAEAFAA)

Keywords

• Credit counseling services
• Debt management programs
• Debt consolidation
• Consumer insolvency services
• Financial education

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Debt Management Program Fees: Monthly program fees for managing debt repayment plans where clients make one payment to Consolidated Credit and funds are distributed to creditors. Interest rates and late fees are negotiated with creditors on behalf of clients.
2. Credit Counselling Services: Free initial consultation with debt analysis. Fee-based services for enrolled clients including ongoing counselling, budget establishment, and creditor negotiations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Consolidated Credit Counseling Services of Canada is a non-profit credit counselling organization that helps Canadians resolve unmanageable debt through free credit counselling, personalized debt management plans, debt consolidation, consumer proposals, and bankruptcy assistance. The organization negotiates with creditors to reduce interest rates and stop late fees, pools client payments, and distributes them to creditors on the client's behalf. It also offers the K.O.F.E. workplace financial wellness platform for businesses and a free library of financial education resources.

Product overview

Consolidated Credit Counseling Services of Canada operates as a non-profit credit counseling organization offering a unified suite of debt relief services centered around its core Credit Counselling and Debt Management Plan (DMP). The company provides multiple debt solutions including Debt Consolidation, Consumer Proposal, and Bankruptcy Services, plus Home Equity Solutions for clients with property. Supporting the core services are several add-on modules: a Member Portal for account management, Financial Education Videos, Financial Calculators, and the K.O.F.E. workplace wellness platform. The organization also offers a Scholarship Program and community outreach initiatives. All services integrate access to a client portal and free educational resources including videos, calculators, and expert Q&A. The company emphasizes its non-profit status while maintaining BBB A+ accreditation and operates primarily from Toronto with offices across major Canadian cities.

Differentiator

Problem solved

Functional benefit

Brands

• K.O.F.E. Knowledge of Financial Education - a user-friendly and interactive education platform for workplace financial wellness programs

Products and services

• Credit Counselling Free confidential one-on-one sessions with trained credit counsellors who analyze a client's debts, budget, and credit to recommend suitable debt relief options including qualification for a Debt Management Program.
• Debt Management Plan (DMP) Personalized debt repayment program in which Consolidated Credit negotiates with creditors to reduce interest rates and stop late fees; the client makes a single monthly payment that is distributed to creditors, typically completing in 36-48 months.
• Debt Consolidation Service combining multiple unsecured debts into a single monthly payment at a lower overall interest rate to simplify repayment for Canadians carrying balances across several creditors.
• Consumer Proposal Formal legal debt settlement option administered through a Licensed Insolvency Trustee, available to insolvent clients who qualify as an alternative to bankruptcy.
• Bankruptcy Services Guidance and assistance for individuals who cannot repay their debts through other means, including the bankruptcy filing process and post-bankruptcy financial planning.
• Home Equity Solutions Debt solutions using home equity, such as home equity loans for debt consolidation, available to homeowners who qualify.
• K.O.F.E. (Knowledge of Financial Education) User-friendly interactive financial education platform sold to employers and organizations to deliver customizable workplace financial wellness programs that build employee financial literacy.

Quantifiable outcome

• Debt-free in as little as 36 months
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• K.O.F.E. (Knowledge of Financial Education)coreStrategic or Co-development PartnerK.O.F.E. is an interactive financial education platform developed for workplace wellness programs. Consolidated Credit helps businesses craft customizable financial wellness programs to help employees build financial literacy through this user-friendly platform.
• Seneca CollegecoreStrategic or Co-development PartnerPartnership with Seneca College spanning over three years to award the Financial Empowerment Awards - $2,500 grants to two students demonstrating financial goals. Supports students in graduating with less student debt.
• Canadian Centre for AccreditationminorOthersAccreditation body for credit counselling services ensuring organizational standards meet Canadian accreditation requirements.
• Ontario Association of Credit Counselling Services (OACCS)minorOthersProvincial membership association for credit counselling services in Ontario. Supports industry standards and best practices.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Debt.ca: Canadian online debt relief comparison platform that connects consumers with Licensed Insolvency Trustees and debt consolidation providers. Competes with Consolidated Credit Canada for inbound debt-relief demand, though as a lead-generation/marketplace rather than direct credit counselling agency.

Direct peers

• Credit Canada: Canadian non-profit credit counselling agency offering debt consolidation, credit counselling, and financial education across Canada. Closest direct competitor with overlapping product suite, similar non-profit positioning, and bilingual Canadian coverage.
• Money Management International (MMI): US-based non-profit credit counselling agency providing debt management plans, credit counselling, bankruptcy pre-filing counselling, and financial education. Directly comparable in mission, product mix, and non-profit structure.
• GreenPath Financial Wellness: US-based non-profit credit counselling and financial wellness organization offering DMPs, credit counselling, housing counselling, and workplace financial wellness programs. Closely comparable business model and product mix to Consolidated Credit Canada.
• Consolidated Credit (US): The US sister organization operating under the same Consolidated Credit brand, offering credit counselling, debt management, and financial education to American consumers. Directly comparable business model, product suite, and brand architecture; often co-marketed with the Canadian entity.
• Money Mentor's Licensed Insolvency Trustee Network (Hoyes Michalos): Hoyes Michalos is a Canadian Licensed Insolvency Trustee firm operating under the Money Mentor brand, offering consumer proposals, bankruptcy, and debt consolidation services across Ontario. Directly comparable in target customer (distressed Canadian consumers) and overlapping product suite (consumer proposals, debt consolidation).
• BDO Canada Debt Solutions: Canadian Licensed Insolvency Trustee practice of BDO Canada offering consumer proposals, bankruptcy, and debt management services. Direct competitor for higher-value insolvency referrals where Licensed Insolvency Trustee involvement is required.
• MNP Debt (MNP LLP): Canadian Licensed Insolvency Trustee arm of MNP LLP providing consumer proposals, debt consolidation, and bankruptcy services nationwide. Competes for the same insolvent Canadian consumer, particularly for cases requiring Licensed Insolvency Trustee involvement.
• Springboard (Springboard Community Ventures): Canadian non-profit financial counselling organization providing credit counselling, debt management, and financial literacy programs. Directly comparable in mission, services, and Canadian non-profit structure.

Others

• National Foundation for Credit Counseling (NFCC): US-based national industry association for non-profit credit counselling agencies, providing accreditation, standards, and consumer referrals to member agencies. Comparable as an ecosystem/standards body relevant to Consolidated Credit Canada's non-profit credit counselling positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ConsolidatedCA
• Facebookfacebook.com/consolidatedcreditcanada
• LinkedInlinkedin.com/company/consolidated-credit-counseling-services-of-canada

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consolidated Credit Counseling Services of Canada