Canadian Association of Debt Assistance (CADA)

Canadian Association of Debt Assistance (CADA)

December 18, 2012 15:45 ET

Canadian Association of Debt Assistance Forms to Protect Consumers

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2012) - Canada's Debt Assistance providers are pleased to announce the formation of the Canadian Association of Debt Assistance (CADA) to stand up for the rights of consumers across Canada and assist them with services that eliminate the crushing burden of credit card debt.

With the Bank of Canada reporting the ratio of household debt to disposable income reaching a crushing 163%, it is more important than ever to ensure that debt relief remedies beyond those offered by Bankruptcy practitioners and bank funded credit counseling programs are available to Canadians downing in debt.

The Canadian Association of Debt Assistance is made up of a number of Canada's leading debt assistance providers devoted to providing the public with information about Alternative Debt Relief Options, better Credit Education, and ways to protect your Rights as a Consumer to regain financial independence from creditors.

CADA members commit to a code of ethics that includes:

  • Not accepting compensation from our client's creditors
  • Promotion of the preservation of choice in consumer debt relief options
  • Fees are clear, fair and only collected for services rendered
  • Disclosure of risks and benefits of member programs
  • No deceptive marketing practices
  • Protection of personal information
  • Compliance with the Canadian Code of Advertising Standards

"CADA companies provide a valuable service to consumers seeking solutions to their unmanageable debt problems. Unlike other service providers CADA companies are unique as they only work for the consumer and not the creditors."

Richard Cooper, CADA Chair.
President & CEO Total Debt Freedom

"Debt Assistance providers are not the right option for everyone, but CADA's mission is to ensure that all consumers who need the services can count on our members."

Boaz Avni, CADA Board
Founder & President, Canada Debt Settlements

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