Debt Consolidation in Mississauga

Let our experts help you out
Avoid the headache of a high overhead

Our team of specialists is here to assist you in resolving your financial difficulties

Allow us to help

We can help you lower your debt

Let us prevent the hassle of dealing with excessive overhead costs

We will assist in relieving your stress

Reclaim your life and enjoy it
We Can Help You With:

We Can Help You With:

Debt Consolidation
Collection Calls
Credit Consultation Loans
Pay Day Loans
Foreclosure Debt Solutions
High Credit Card Debt Reduction
Wage Garnishments
Student Loans
Income Tax Debt
Call 647-302-3328

Our Services

Helping You Consolidate Your Debt in Mississauga

The power of debt consolidation Toronto lies in getting the right help, which is only possible with experienced counsellors. Our dependable team will protect your assets while easing how you manage your debts.
helped in 14 years
$500 m
in debt
300+ hrs
of education offered each year

Debt Consolidation

If you have struggled to manage multiple debts, debt consolidation will provide the reprieve you deserve. Our experts give solutions that will bring you peace, just as we have done for numerous Canadians.
Learn more

Income Tax Debt

Taxes and fines are avoidable when you have the right guide. We can find a suitable solution for you to ensure they do not leave a lasting dent in your finances.
Learn more

Credit Repair

Our services do not end before fixing your bad credit. Part of our credit counselling services is piecing back together the financial dent. Our team will listen to your needs and provide tailored solutions.
Learn more

Credit Counselling

Our counsellors will work closely with you to give you the tools you require to regain control of your finances. We give you all the facts and protect your personal information.
Learn more


At York Credit, we understand the kind of pressure that borrowers go through when unable to pay a loan, and the creditor is being relentless in their pursuit for their money. Our clients face financial challenges because of various occurrences that are not limited to sickness or injury, loss of employment, and death. We focus more on the remedy than the cause. We aim to improve your living standards and are available any time you feel the situation is starting to get out of hand.

Our Team Will Help You to Figure Out:







Find Relief in 3 Easy Steps with Help of Our Debt Consolidation Experts in Mississauga
Talk to a Counsellor or Free
A credit counsellor reviews your financial details without bias, which enables you to find perfect solutions. We have undergone the necessary training and amassed experience that puts us in the best position to manage your debts effectively. Bankruptcy is never an option with us.
Start as Soon as You’re Ready
We never rush the process. We advise you to take your time when choosing a suitable program. Once you involve us, you will never have to deal with the creditors again. We will talk them into reducing your interest and scraping late fees.
Get Out of Debt Faster
The debt-relief program we recommend will simplify your life rather than add to your stress. Your only role will be to channel the funds to us then we will disburse them to the creditors. We can make you debt-free in a few years.


Debt consolidation is the process of taking out one single loan to pay off various creditors so you do not have to make multiple payments at the end of the month. It is simply consolidating all your debts to one single loan that you can conveniently service at the end of the month. This means you do not have to worry about making multiple payments or keeping track with various creditors. It also means you’ll be receiving fewer calls from debt collectors. The debt consolidation loan that you choose to pay off all your debts should be at a low interest rate and have convenient monthly payment amounts that you can afford to pay within your current income.

At York Credit Services the debt consolidation process is quite detailed to ensure that we come up with the best possible solution. Every debt situation is unique and this is why our approach is customized for each client. The following are the vital steps we need to take to ensure that the debt consolidation process is effective

Phases of Credit Counselling Regarding Debt Consolidation in Mississauga

Our credit counselling services provide our clients with guidance on money management, consumer credit, budgeting, and debt management. Our credit counselling services aim to help you get your finances on track without having to file for bankruptcy. Our credit counsellors will negotiate with creditors on your behalf and urge them to reduce your interest rates and late payment fees. We will take you through the following credit counselling phases:

Financial Assessment

The first phase of our credit counselling process involves a thorough analysis of your current financial situation. Our credit counsellor will seek details regarding your income, assets, debts, and expenses. You should be transparent at this point and disclose all your relevant financial details to the credit counsellor. The financial assessment enables the credit counsellor to obtain information to create a practical solution for your debt crisis. The financial assessment phase may feel uncomfortable, and most people often feel like they are revealing too much personal information to the credit counsellor. Even if this phase may feel like an invasion of privacy, our credit counsellors have good intentions, and all they aim at is to get your finances on track

Debt Solutions

After the financial assessment phase, we will have ample information regarding your financial situation. This will help us to craft the best debt solution that suits your financial situation. We will help you understand the debt solutions available to you, and recommend the best approach to handle your debts.

Money Management

The last phase of our credit counselling process is money management. Proper money management techniques will help you avoid many financial problems, including wrong credit and bad investment decisions. After all, poor money management is the reason why many people get into financial and debt crises in the first place.


If you are struggling to repay your debts, you should not suffer in silence. Our experts will help you know your options of digging yourself out of debt. We will help you work on your debts, eliminate stress, and create a viable saving plan. We have helped many people overcome their financial and debt crises, and you, too, can benefit from our services. We will tailor a personalized debt management plan that suits your financial situation. We will also negotiate with creditors and persuade them to set manageable loan installments and wipe off accumulated interest rates and late payment fees. It does not matter the type of financial difficulty that you are experiencing. We will walk with you and help you organize your finances.

Our Satisfied Clients

After my husband was laid-off from his job, our debts quickly grew to over $80,000. We were worried about losing our house and already thought of selling it. The professionals at York Credit Services, helped us make sense of our situation, saved our house and reduced our debts to just $16,000.

Jennifer & Kyle M.

As a self-employed contractor, I ended up owing $44,000 to Canada Revenue Agency and $24,000 in credit card debt. The CRA already began garnishing my wages. After hiring York Credit Services, the wage garnishments stopped, and my total debt load of $68,000 was reduced to $11,700!

Anthony M.

Read More


With all the payments that you have to make at the end of the month including utility bills, mortgages, car payments and credit card payments, it comes as no surprise that you may miss a few payments here and there. When you begin to fall back on your payments it becomes harder and harder to catch up and with that, debt begins to develop. If you have trouble, managing your finances or handling your debt York Credit Services is the company to call. We provide a variety of financial management services to help you manage debt budget and plan your finances. We have a team of professional credit counsellors who will help you in the process to being debt-free and improving your financial status.

Find Out More


Debt Consolidation Loan
Second Mortgages
Lines of Credit or Overdraft
Credit Cards
Debt Management Program

If you’re struggling to get out of debt, your bank, credit union or finance company may offer you a debt consolidation loan. Before you take the loan, educate yourself on how this form of financing works. A debt consolidation loan can allow you to pay off high-interest debts and remain with a single monthly payment. The ability to get rid of multiple creditors and only remain with a single payment that you need to tackle each month is what makes a debt consolidation loan an excellent option for most people.
Benefits of taking a debt consolidation loan
If a Mississauga bank offers you a debt consolidation loan, chances are that you’ll be given financing with lower interest rates. Low-interest rates mean that you save money in the long run. You may be able to pay off all your debt within 3 to 5 years after taking a debt consolidation loan. Most financial institutions will only give this type of loan to individuals with a good credit rating. If your credit score is low, you may be asked to provide collateral in order for your loan to be approved.

Your journey to financial freedom may begin when you take a second mortgage. Refinancing a mortgage would be a great option to consolidate your debt. This is simply taking a loan based on the portion of the home equity that you’ve gathered. The credit company or bank will look at several factors before they qualify you for a second mortgage. For instance, the bank will look at whether you’ve gathered enough equity in your home as well as your credit score to determine how much you qualify for when taking up this second mortgage.
Advantages of second mortgages
Getting a second mortgage certainly has its advantages. To begin with, you’re likely to get low-interest rates which gives you more flexible payment arrangements. With more flexible payments, it will be easier to fulfill your financial obligations and get out of debt fast. However, setting up a second mortgage can be extremely costly. This is due to the additional mortgage fees that are usually charged by banks on setting up this loan. There’s also the risk of losing your home if you default. That’s why you must ensure that the payment arrangement is something you can manage once the loan is approved.

Another consolidation option is to apply for a secured or unsecured overdraft line of credit. These lines of credit are often given by banks to help individuals make emergency payments when their account balance is running low. This helps them to avoid missed payments by accessing funds at very low-interest rates. With a line of credit, you can clear high-interest credit card debt and pay off the credit at your own pace.
Drawbacks of overdraft lines of credit
To begin with, you must pay interest on all the money that you borrow. The overdraft line of credit is certainly not free. The bank is likely to charge a fee every time you use it. This means that the more you use it, the more it’s likely to cost you. Additionally, there’s usually no limit as to the number of times you can use the overdraft line of credit. Some individuals end up using it too much and eventually closing their accounts. You’ll find yourself borrowing money and spending it on unnecessary expenses. If you haven’t adopted new financial habits, an overdraft line of credit will only put you into further debt.

A balance transfer on your credit cards is also another type of debt consolidation. They simply work by shifting credit card dent from one or multiple cards to another. The main goal is to get a lower interest rate and pay off many other loans. By using credit card balance transfers you can tackle most of your credit card debts and save money on high-interest rates. It gives you a more affordable option to pay off your credit card debt every month.
Most banks will offer an introductory rate for certain credit cards. This allows you to transfer all your other credit cards with balances on them to that one card which you can pay for at lower fees initially. Keep in mind that the introductory rates normally lapse after a certain period which means that you may go back to paying higher monthly fees. It’s important to calculate how much you’re paying initially and know how that will change once the promotional period is over. This will allow you to budget for the credit card payments in advance. Your credit counsellor can assist by reviewing all available options and recommending the most ideal one based on your financial situation.

A credit counsellor can help you consolidate all your unsecured debts into one manageable payment that you make each month. With a debt management plan, you can pay very low- interest rates or none. However, you will be required to pay the credit counsellor directly who will then forward the payments to your respective creditors until all your debt is repaid.
Benefits of debt management plans
There are several benefits of entering a debt management plan. To start with, you only make one monthly payment which means you won’t have to juggle with numerous debt payments with different terms regularly. You can negotiate with your creditors to have your interest charges significantly lower or eliminate them altogether. Additionally, a debt management plan provides a clear structure on how to repay your debt. It also gives you a timeline to pay off your debt. With a debt management plan, you get expert advice from a credit counsellor who provides you with tips and insights to become debt-free. The credit counsellors provide support and advocacy for their clients. They also represent you by preparing a good proposal so that you get the best possible terms from your creditors.


Credit counselling involves speaking to a professional credit counsellor who can provide sound professional advice on financial matters. When you meet with the credit counsellor expect them to ask you a lot of information about your current debts, outstanding payments, income budgets and expenditures and so on. It is important to be completely honest with the credit counsellor so they can advise accordingly based on your individual financial situation. Our credit counsellors operate ethically and honestly and will ensure that all information shared during these sessions will be kept confidential. The credit counselling process aims to cover the following main points:

What is your current financial challenge?

How did you end up in this situation in the first place?

What trouble are you having making your monthly payments?

What payments are outstanding and for how long?

What do you need to eliminate this outstanding payments?

Debt consolidation loan

Once you and the credit counsellor have identified the areas of challenge, the next step would be to choose a suitable debt consolidation loan to repay your creditors. We can contact the creditors and negotiate for a full payment and waiver of penalties and late payment fees. A lot of creditors will agree to full payment of outstanding loans given that the debtor has financial challenges and has not been able to make the monthly payments. The full amount that you need to be pay to all the creditors together is what you need to take out in the debt consolidation loan.

When choosing a suitable debt consolidation loan, we aim to find a loan with low interest rates affordable monthly payments based on your current income and a suitable long time. In some situations when your credit is good, you can apply for a 0% interest rate credit card to pay off unsecured loans. This is really advisable when the outstanding loan amount is small.

However if you have a huge debt, personal loan would be most suitable to use for debt consolidation. The personal loan allows you to pay your debt over time. We will calculate the personal loan monthly payment rate according to your income and therefore it should be an amount that you are able to comfortably pay at the end of the month. Additionally the personal loan that you take may improve your credit score by moving the bad credit card debt to the installment loan column.

Our Mississauga debt relief specialist will work closely with you to find the right debt consolidation loan. At this point you will need to create a budget plan that you’ll use over the next couple of months or years in order to finance these payments. The budget plan will guide how you spend your monthly income allowing you to make savings repay the personal loan and meet your expenditure needs.

“We are committed to reducing your debt and getting you back on the right financial track.”


The debt consolidation process depends a lot on your personal decision to make a change in your life. We cannot ignore that you are responsible for allowing your finances to get to this point. You will need to make some lifestyle changes in order to accommodate the debt consolidation plan. One of the things you need to do is to avoid spending on credit so you do not increase your number of creditors. You will also need to stay within budget for a couple of months until your financial situation is stable. Avoid excessive spending on luxury items that you do not really need until you’re able to finance all your payments comfortably. Saving is also an important part of recovering from debt. Our credit counselling process is also a good place to learn about the saving culture and making sound financial decisions.

How Our Counselors Can Help with Debt Consolidation in Mississauga

Our counsellors understand the importance of understanding individual debt situations and surrounding circumstances. That is why we strive to comprehend every client’s budget and goals before drafting the best solutions to help you achieve them. Our priority is ensuring the debt burden does not overwhelm you. You can be sure that we are the company of choice when you want to elude stress related to overwhelming debt.
Financial Assessment
Debt consolidation only works when you find an option perfect for your situation. That is why our team reviews your expenses, including loans and regular bills, and income before sharing consolidation options for you to consider. Our experts will be with you to guide you in choosing the ideal one.
Choose a Suitable Repayment Method
With our services, you can be sure that bankruptcy will be your last option. We are conversant with several other options worth considering and will help you compare them with your needs. We recommend solutions that match your financial situation and will not limit you on what to pick. We are here to serve you.
Pick a Debt Management Plan
Excess expenditure is one of the common reasons people fall into debt, but it is avoidable with proper financial management. Part of our services is teaching you how to handle your expenditure, including monthly utility bills, to ensure you save some money for savings or debt repayment. Our plans are carefully selected to ensure they influence your spending habits positively without changing your lifestyle.
Lower Interest Rates
Interest reduction is one of the best options to explore when you want to avoid annoying phone calls from lenders. Low interests make payments more bearable, ensuring you never miss payments or endure harassing calls. The lower monthly payments also ease how you can manage your finances. The trick is choosing a working option, something our professionals have perfected over the years.
Reconstruct Your Financial Standing
We are passionate about improving your overall financial situation. That involves exploring options that boost your credit rating. We also understand that rebuilding credit scores does not happen quickly. We will help you expand your borrowing options and reduce your interest rate. We are here to help you capitalize on all the benefits of lower interest rates, including better financial management and the availability of more creditors. We will help you stay out of debt completely – that is our satisfaction and pride.
Join the Debt Consolidation Program
Debt consolidation programs have numerous advantages, the main one being the ability to make a single payment that is easier to track. However, they can also have demerits worth considering before signing up. Our counsellors will explain all the pros and cons to help you make an informed decision – we know the importance of choosing the right program for your needs. Once you pick a suitable program, you can be sure loan repayment will no longer be as strenuous as before.


We Want To Talk
With You

Our Head Office

2001 Sheppard Ave E, Suite 504, Toronto, ON M2J 0A1

Have A Question?
Let`s Talk!

Fill out the form below and one of our debt specialists will contact you to help you with your situation.