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The 5 Best Debt Consolidation Firms in Winnipeg

The 5 Best Debt Consolidation Firms in Winnipeg

  • Credentials – We checked the company's credentials as a legitimate provider.
  • Process – We assessed companies with efficient services, including the processing duration of documents or paperwork, counselling, and financial management.
  • Client support – We expect the companies to provide ample support and customer services for any concerns and queries.
  • Price – We listed companies with reasonable and justifiable interest rates and other fees.

Having multiple debts all at once can be stressful and difficult to handle, especially if you’re in a tight situation. 

That’s why applying for debt consolidation may be your best choice, to manage and combine all your debts into one and make convenient single monthly payments with a new loan.

Luckily, we reviewed and hand-picked the best debt consolidation firms in  Winnipeg to help take the weight off your shoulders!

1. Caplan Debt Solutions

Caplan Debt Solutions' Homepage

Services: Debt consolidation, bankruptcy, consumer proposal, credit counselling, debt help

Website: https://caplandebtsolutions.ca/ 

Address: 1151 Portage Ave, Winnipeg, MB R3G 0S9

Contact Details: 204-500-0188; [email protected] 

Operating Hours: Monday – Friday: 8:30 AM – 5:00 PM

Google reviews score5/5
Yably reviews score5/5
Total reviews3/5
Score consistency 5/5
Credentials 5/5
Process5/5
Processing duration5/5
Counselling5/5
Financial management5/5
Client support4/5
Price (A higher score means better value)4.5/5
Interest rate5/5
Other fees4/5

Pros

  • Offers free consultations
  • Informative and thoughtful
  • Provides personalized solutions
  • Highly responsive and organized

Cons

  • Closed on weekends

Caplan Debt Solutions helps individuals and companies solve their debt problems by providing services for debt relief, debt consolidation, credit counselling, and how to file a consumer proposal.

With over 25 years of experience, the firm has assisted clients in recovering from difficult financial situations. Overall, we’re impressed by their track record with all kinds of clients, from low-income individuals to business owners with various debt complexities.

We also like that their team of insolvency counsellors have years of individual experience with other financial backgrounds. That said, they can create personalized debt solutions to accommodate your need to a tee.

Another thing we appreciate is that they don’t take advantage of your situation and rip you off. In fact, many clients have made Caplan Debt Solution their go-to debt counsellor and have referred the firm to their friends.

Based on our experience, you won’t have to feel intimidated during your consultations because they are thoughtful and non-judgemental. You can comfortably express your concerns without feeling belittled or downplayed!

However, they’re only open on weekdays, so you might want to take some time off during the weekdays for a personal meeting.

Should you consider Caplan Debt Solutions, we suggest you book a free personal consultation via their website to get a feel of how they can help you. It’s a quick process, just put your contact details and concern, and they’ll get in touch with you shortly after.

2. BDO Debt Solutions

BDO Debt Solutions' Homepage

Services: Debt consolidation, bankruptcy, consumer proposal

Website: https://debtsolutions.bdo.ca/offices/winnipeg/ 

Address: 201 Portage Ave 26th Floor, Winnipeg, MB R3B 3K6

Contact Details: 204-944-4444

Operating Hours: Monday – Friday: 8:30 AM – 5:30 PM

Google reviews score4.9/5
TrustAnalytica reviews score4.9/5
Trustpilot reviews score 4.7/5
Total reviews5/5
Score consistency 4.8/5
Credentials 5/5
Process5/5
Processing duration5/5
Counselling5/5
Financial management5/5
Client support4/5
Price (A higher score means better value)4.5/5
Interest rate5/5
Other fees4/5

Pros

  • Offers free initial consultations
  • Experienced and efficient 
  • Has many debt-free clients
  • Assuring and hands-on team

Cons

  • Closed on weekends

What we like most about BDO Debt Solutions is their team of debt experts, including Licensed Insolvency Trustees and debt counsellors, who are ready to support your debt problems.

From our surveys, we found that they take the time to explore all debt relief options. In our books, this aspect is great since you can choose the best plan that fits your situation!

As for their debt consolidation services, we’re pleased to find that their clients haven’t gotten deeper into debt after going to BDO Debt Solutions, especially for the vulnerable ones.

We’re also quite impressed to note that there have been countless success stories with many clients officially debt-free after settling their debts with the firm and creditors. 

For us, these results are a solid testament to their consistent guidance and effective planning, given that many clients have ten-year terms.

Conveniently, you can book a free initial consultation on their website, wherein you can also choose what time you want them to contact you. And they’ll provide an overall assessment of your financial situation and explain all your available debt solutions.

We’re just pretty disappointed that they’re only available on weekends. So, we advise you to set a suitable appointment for your schedule.

We also think it’s comforting that they ensure you feel supported every step of the way, be it by answering every phone call and email or walking you through the process. Client testimonials showed how BDO provided regular updates on debt payments and progress to avoid penalties.  

Overall, we think BDO Debt Solutions is a trustworthy and well-experienced firm in Winnipeg that can help you simplify your financial obligations without astronomical rates.

3. Credit Counselling Society Winnipeg

Credit Counselling Society Winnipeg's Homepage

Services: Debt consolidation, bankruptcy, consumer proposal, debt settlement program, credit counselling, financial education

Website: https://nomoredebts.org/canada-credit-counselling/manitoba/winnipeg 

Address: 201 Portage Ave 18th Floor, Winnipeg, MB R3B 3K6

Contact Details: 204-942-8789

Operating Hours: Monday – Thursday: 7:30 AM – 10:00 PM; Friday: 7:30 AM – 6:30 PM; Saturday: 9:30 AM – 5:00 PM

Google reviews score4.7/5
Facebook reviews score4.9/5
TrustAnalytica reviews score4.7/5
Total reviews5/5
Score consistency 4.8/5
Credentials 5/5
Process4/5
Processing duration4/5
Counselling4/5
Financial management5/5
Client support5/5
Price (A higher score means better value)5/5
Interest rate5/5
Other fees5/5

Pros

  • No obligation consultation
  • Offers financial education
  • Offers free and low-cost services
  • Professional and non-judgmental

Cons

  • Some complaints on frequent counsellor switching

What stood out the most about Credit Counselling Society is that they are an accredited non-profit charity helping clients manage and solve their money problems. 

From our research, we found that some of the highlights of their firm is their free credit counselling, low-cost debt solutions, and education to help you manage your money better.

You heard it right — since they’re non-profit, they aren’t trying to make money off of you; instead, their main goal is to help you! 

In most cases, they were able to manage some unsecured loans qualified for the consolidation, giving clients room to pay off other secured debts since there were little to no counselling fees. Clients were given a doable payment plan without declaring bankruptcy.  

In addition, we also like that their counsellors are always professional and non-judgmental. Many clients have pointed out that they are in a safe space when they discuss their situation and leave with the confidence of successfully clearing their debts with the proposed plan.

But, just a heads up—given their business nature, there are times when you’ll get assigned to different counsellors throughout your relationship with them. In some cases, this frequent switching has caused confusion and processing gaps between the client and counsellor.

On a positive note, we think it’s admirable that they offer free financial education. They hold online workshops and give worksheets and courses to help you better understand and manage your finances by yourself.

Lastly, you can reach the Credit Counselling Society by booking a no-obligation consultation via call, email or online chat. You can get started on your assessment and debt consolidation plan and be one of the firm’s debt-free clients!

4. Bromwich+Smith

Bromwich+Smith's Homepage

Services: Debt consolidation, bankruptcy, consumer proposal

Website: https://www.bromwichandsmith.com/winnipeg-debt-relief 

Address: 330 St Mary Ave Suite 300, Winnipeg, MB R3C 3Z5

Contact Details: 1(855) 884-9243

Operating Hours: Monday – Thursday: 8:00 AM – 8:00 PM; Friday – Saturday: 8:00 AM – 5:00 PM; Sunday: 8:00 AM – 1:00 PM

Google reviews score4.7/5
Facebook reviews score4.7/5
TrustAnalytica review score4.9/5
Total reviews4/5
Score consistency 4.8/5
Credentials 5/5
Process4.5/5
Processing duration4/5
Counselling5/5
Financial management5/5
Client support3/5
Price (A higher score means better value)4.5/5
Interest rate5/5
Other fees4.5/5

Pros

  • Available seven days a week
  • Offers no-obligation consultation
  • Provides virtual appointments
  • Has an online chat support
  • Has a large team of experts

Cons

  • Can improve regular updates and notification of account

A standout aspect of Bromwich+Smith is its large team of Licensed Insolvency Trustees and Debt Relief Specialists. From what we’ve seen, they work with clients to tailor a solution unique to each one’s situation so they could settle their debt once and for all.

We think it’s quite notable that you can start by reducing your debt stress in 30 minutes with a free and confidential consultation. They can lay out recommendations for your debts and give you a better idea of your financial standing.

It’s also convenient that they are open to virtual appointments and document signing to provide the best possible service, regardless of location or mobility — saving you time and money!

Another thing we like is that you can chat with a Debt Relief Specialist via their website to help you get started and answer your questions as soon as possible.

We should also give kudos to their team for personally handling and sending out their clients’ paperwork to make it less overwhelming during a stressful situation.

For instance, we noted instances where they helped clients get in touch with a trustee, set up appointments, collected documentation and finalized paperwork without having clients leave the house. 

Although, we’re a bit iffy that there are times when they lack in sending regular updates or notifications regarding any changes or new details about clients’ accounts. You probably need to give them a call at least every month or two to keep track of your account.

Nonetheless, we recommend Bromwich+Smith for their impressive track record of helping over 30,000 Canadians with debt problems and financial management.

5. Creditaid

Creditaid's Homepage

Services: Debt consolidation, credit counselling, debt management plan, separation or divorce

Website: https://www.creditaid.ca/ 

Address: 865 Henderson Hwy Suite 301, Winnipeg, MB R2K 2L6

Contact Details: (204) 987-6890

Operating Hours: Monday – Friday: 9:00 AM – 5:00 PM

Google reviews score4/5
Facebook reviews score5/5
Total reviews2/5
Score consistency 4.5/5
Credentials 5/5
Process4/5
Processing duration5/5
Counselling4/5
Financial management4/5
Client support5/5
Price (A higher score means better value)4.5/5
Interest rate5/5
Other fees4.5/5

Pros

  • Handle all creditor calls on your behalf
  • Offers free initial consultation
  • Has an online live support 
  • Excellent negotiating skills
  • Effective scheduled payments 

Cons

  • Closed on weekends
  • Some reports of limited debt solutions

Creditaid helps clients with their debt problems, credit card debt and becoming debt-free through their credit counselling and debt consolidation services.

We like that they offer a free and confidential consultation to assess your current financial situation and understand how to help you best. 

That said, we’re impressed with their team’s skills in crafting fitting plans for their clients. For instance, clients are relieved that Creditaid provides them with simple strategies and payments they can afford without depriving them of spending on other things.

Although, we have noticed there are some limitations with the extent of their debt solutions for other clients— a bit of a shame, eh?

Regardless, we recognize their excellent negotiating skills with creditors to settle on a convenient deal. Based on the feedback in our surveys, you’ll be pleased to know that they truly work for their clients and not for the creditors.

It’s also a plus in our books that Creditaid handles all creditor calls on your behalf, so they will be the ones to give out further information if required. This saves you from possible intimidation or misunderstanding from your creditors.

Finally, we’re glad they have an online live support chat on their website to give you some answers while you wait for your consultation or if you have any other quick queries.

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