Guide
Consumer Proposal vs. a bank loan
Which one actually saves you more — and how to tell which fits your situation.
Read guide
Canadian debt relief since 2015
Debt has a
Debt has a
way out.
We negotiate with your creditors to lower what you owe, stop the interest, and roll everything into one affordable monthly payment — so you can breathe again.
100% confidential
Free consultation
Asking won't hurt your credit
Savings estimator
See how much you could save
Debt Amount
$6,000$250,000
You Pay:
$8,750
You Save:
$26,250
Consumer Proposal (0% Interest Rate)
Bank Loan (12% Interest Rate)
Do Nothing (19% Interest Rate)
Estimates are illustrative. A Consumer Proposal is a legal process filed through a Licensed Insolvency Trustee, with a minimum repayment of $6,000 (about $100/month over 5 years); your actual amount depends on your income, assets, and creditors. Bank loan and "do nothing" figures assume repayment over 5 years at the interest rates shown. Your consultation is free and never affects your credit score.
You're not the only one
If any of this sounds familiar, we can help.
Debt is heavier than a number on a statement. Here's what most of the people we help are carrying when they first call.
The calls won't stop
Collection agencies calling at work, at home, on your cell. We can become the point of contact so the phone goes quiet.
Interest eats every payment
You pay every month and the balance barely moves. High-interest debt is designed to keep you there — we cut the interest out.
Too many creditors
Different balances, different due dates, different rates. We combine them into a single plan and one predictable payment.
What we do
One clear way out — the Consumer Proposal.
A Consumer Proposal — what many people simply call debt consolidation — lets you clear your unsecured debt for a fraction of what you owe, at 0% interest, in one affordable monthly payment. We do the heavy lifting: reviewing your full picture, negotiating with your creditors through licensed, regulated providers, and building a plan around what you can actually afford.
We help with unsecured debt like:
Credit cards
Payday loans
Personal loans
Lines of credit
How the process works
Up to 75%
reduction on what you owe, in the strongest cases
- One affordable monthly payment
- Interest reduced — often to zero
- A clear, finite payoff date
- Work with licensed, regulated providers
How it works
Four steps to a fresh start.
Simple, transparent, and built around your budget — not the bank's.
1
Free consultation
Tell us what you owe and to whom. No judgment, no cost, no impact on your credit.
2
Your custom plan
We map out your Consumer Proposal and show the numbers side by side — what you pay, and what you save.
3
We negotiate
We deal with your creditors and providers to reduce balances and cut interest.
4
One payment
You make a single monthly payment and watch the balance fall to zero.
10+
years helping Canadians
$40M+
in debt reduced & managed
75%
maximum reduction achieved
5★
reviews on Google
Reviews from Google
People who got their life back.
★★★★★
5-star reviews on Google
★★★★★
"The staff took the time to explain every single detail of the consumer proposal process in plain English. I never felt rushed or confused. It was a very fast transaction process, and the experience was incredibly smooth from start to finish."
R
Rowen
Google review
★★★★★
"The staff at Xcash Debt were very helpful and professional. They explained everything clearly and helped me find a solution for my financial situation. I appreciate their support and patience throughout the process."
B
Blessie Mae Valdez
Google review
★★★★★
"I had a very smooth and stress-free experience filing my consumer proposal, thanks to the help of Barak. He was very professional, patient, and knowledgeable, and he explained everything clearly, which made the whole process much easier to understand."
J
Judzel Gamboa
Google review
★★★★★
"I was really anxious at first, but knew I just needed to do it — and I'm so glad I went with Xdebts Debt Solutions. Barak and the team made the whole process stress-free, smooth, and easy to navigate. They were very knowledgeable, supportive, and built trust right away."
H
Hikari Ka · Local Guide
Google review
★★★★★
"I was nervous to start the process of a consumer proposal, but after meeting the guys this soon passed. They put me at ease and worked through my problems with me, telling me what to do now and what to do next. They made my big problem look small and I could breathe again."
M
Matt Sibbick
Google review
★★★★★
"I had a great experience with xcash. The people are very welcoming and friendly, they explained everything and meet your needs. Great customer service! Most specially Mr. Barrack, who helped me for everything and make everything easy."
M
Melody Frane
Google review
Good questions
Answers before you call.
When debt stops running your life, everything changes.
Book a free, confidential consultation today. In one call you'll know exactly what your way out looks like.
How it works
A calm, step-by-step path — with you in control the whole way.
No surprises and no pressure. Here's exactly what happens from the first call to your final payment.
1
Free, confidential consultation
We start by listening. You tell us who you owe and roughly how much, and we answer your questions honestly. It's completely free, and simply asking never affects your credit score.
2
A plan built around your budget
We review your full picture and design your Consumer Proposal — the amount you'd pay, your single monthly payment, and your payoff date — then show it side by side against a bank loan or doing nothing. You choose what works.
3
We negotiate with your creditors
This is where the heavy lifting happens. Working with licensed, government-regulated providers, we negotiate to lower your balances and reduce — often eliminate — the interest. Where you'd like, we become the contact so the collection calls stop.
4
One payment, until you're free
Everything folds into a single, predictable monthly payment you can actually afford. You watch the balance fall on a clear timeline — to a real, finite payoff date.
Consumer Proposal vs. a bank loan
Which path is right for you?
We'll recommend the better fit on your free call — but here's the short version.
Consumer Proposal (a.k.a. debt consolidation)
Clear your unsecured debt for a fraction of what you owe — often up to 75% less — at 0% interest, in one affordable monthly payment. It's a legal, government-regulated process handled through a Licensed Insolvency Trustee. Best when your debt has become hard to manage and you want real reduction, not just a lower rate.
A bank loan
Roll your debts into a single loan at a lower rate than your credit cards — but you still repay the full balance plus interest (often around 12%), and only if you can qualify and keep up the payments. Simpler, but it rarely reduces what you actually owe.
Ready to see your numbers?
The first step is a free consultation. No cost, no obligation, no impact on your credit.
About Xdebts
Real people, helping real people out of debt.
Since 2015 we've stood beside Canadians in their hardest financial moments — with straight answers, genuine care, and a plan that works.
Xdebts was founded on a simple belief: a hard financial chapter shouldn't define the rest of your life. Too many good people carry debt in silence — anxious, ashamed, and convinced there's no way out.
For more than a decade, we've shown thousands of Canadians that there is. We sit down with you, understand your full situation, and do the work most people don't have the time or leverage to do themselves — comparing offers, negotiating with providers, and building a plan around what you can genuinely afford.
We're not here to judge how you got here. We're here to help you get out.
2015
the year we started, and we haven't stopped since
- Based in North York, serving all of Ontario
- Work with licensed, regulated providers
- Thousands of consultations, zero judgment
What we stand for
The values behind every call.
Confidentiality
Your situation stays private. Always. What you share with us goes no further.
Honesty first
If debt relief isn't right for you, we'll tell you. We only recommend what genuinely helps.
Compassion
No lectures, no shame. We meet you where you are and treat you the way we'd want to be treated.
Results
Lower balances, less interest, one payment, a real payoff date. We measure success by your relief.
Let's talk about your fresh start.
A free, confidential conversation is all it takes to see what's possible.
Resources
Understand your options — knowledge is leverage.
Plain-language guides to help you make confident decisions about your debt, whether you work with us or not.
How-to
How to stop collection calls
Your rights in Ontario, what collectors can and can't do, and how to make the calls stop.
Read guideBasics
Building a budget that sticks
A simple, judgment-free framework to see where your money goes and free up breathing room.
Read guideExplainer
Will debt relief hurt my credit?
The honest answer, what to expect at each stage, and how people rebuild afterward.
Read guideGuide
Escaping the payday loan cycle
Why payday loans trap so many, and the concrete steps to break free for good.
Read guideChecklist
What to bring to your consultation
A short list that makes your free call faster, easier, and more useful.
Read guideFAQ
Frequently asked questions.
Still have questions?
The fastest way to real answers is a free, no-obligation call.
Get started
Your free consultation starts here.
Tell us a little about your situation and we'll reach out — confidentially, with no obligation and no impact on your credit.
Call us
Email
Visit
3768 Bathurst St #206North York, ON M3H 3M7
Hours
Mon–Fri 9am – 6pmSat 10am – 5pm · Sun by arrangement
Prefer to talk now? Call us directly — real people answer, and the first conversation is always free.