Industry Canada

Industry Canada

March 20, 2006 14:27 ET

Government Launches new Tool to Help Consumers Manage Debt

OTTAWA, ONTARIO--(CCNMatthews - March 20, 2006) - The Honourable Maxime Bernier, Minister of Industry, today announced the launch of a new online tool to help consumers deal with debt. Entitled Take Charge of Your Debts (consumer.ic.gc.ca/debt), this online tool brings together many sources of information, for the first time, in one place. It offers Canadians some suggestions and options for getting out of debt.

"Canadian consumers who wish to make changes in their financial circumstances can get some practical information with this new tool," said Minister Bernier.

Some warning signs indicating a need for help managing debt are regularly bouncing cheques, being late paying bills or using one credit card to make a minimum payment due on another credit card. Consumers who recognize even a few of the warning signs in their personal situation can begin to take action by consulting a credit counsellor, their financial institution or by committing to planning a budget. These and other options may be explored with the help of the new online tool.

Take Charge of your Debts was developed by the Office of Consumer Affairs, Industry Canada. The Office of Consumer Affairs seeks to promote the interests and protection of Canadian consumers.

Contact Information

  • Office of the Honourable Maxime Bernier
    Minister of Industry
    Isabelle Fontaine
    (613) 995-9001
    or
    Industry Canada
    Media Relations
    (613) 943-2502