Introducing the only Alberta-based non-profit credit counselling agency.

Introducing the only Alberta-based non-profit credit counselling agency.

We've helped thousands of Albertans become debt free in five years or less.

Exclusive Provider of the OPD Program

Affordable and Stress-Free Debt Consolidation

Personalized Guidance and Support

A Positive Alternative to Bankruptcy

"The strain and stress on our immediate lives changed almost overnight."

Years serving Albertans

More than 27 years

More than 27 years

Helped Albertans Pay Back

Over $450 million

Albertans Helped

Over 200,000

Over 200,000

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Consolidate all unsecured debts into one manageable payment with a fixed 5% interest rate.

Collection calls stop, wage garnishments end, and you gain financial peace of mind.

Zero upfront costs make it easier to take control of your debt without added financial strain.

Access personalized debt counselling and free education to build a stronger future.

What Our Clients Have To Say

"We had a life changing experience with Money Mentor ! My wife and I had a loan of almost $100,000 almost 6 years ago. Our lives were suffocating, sometime taking one loan to pay another. I used to work in the University of Calgary, and one day somebody gave me a brochure of Money Mentor and told me about it. We signed up for the OPD program with Stacey Townsend, our Counsellor Lead. Believe it or not, we were able to pay the loan with the help of Stacey of Money Mentor. Stacey was amazing, a very nice and pleasing personality person. Each and every step she guided us over last 6 years. She addressed any of our questions or queries with e-mail thoroughly, and by phone as and when it was necessary. Thank you Stacey. Some people told us that we we're never going to get credit cards or loan or mortgage in future if we go to this program. They were wrong. We were able to get the unsecured credit cards from bank right after we finished the program. We have qualified for the loan and mortgage as well. Money Mentor,s OPD program is great - it indeed gave us a new life ! No question about it. We are grateful to Money Mentor and of course Stacey. I would highly recommend to anyone who are going through hard times. Again thank you Money Mentor and thank you stacey. It is a great organization."

Author
Susobhan Sarkar
Verified Google Review

"I was drowning in debt—there was so much of it. The calls from creditors didn't stop. My bank was no help.
I contacted Money Mentors to inquire about the OPD program and their advice. I was prepared to dedicate myself to clearing my debts. I was ready to cut up my credit cards. My counselor and I worked through some homework before we created my payback schedule. Since I was determined to pay off this personal debt on my own, I made large monthly payments. The phone calls from creditors stopped, which was a relief.
Despite some difficult months, I am debt free after 56 months! It has not sunk in yet. My perspective has changed from one of spending and worrying about it later to one of saving and planning. Though I still worry about going back into debt, I can always turn to the Money Mentors website for helpful guidance."

Author
Jennifer Eriksson
Verified Google Review

"Thank you so much Alexander!!! The customer service I received was exceptional. I was given two (2) option to pay off my debt without declaring bankruptcy. I did not want to go into bankruptcy. I was given details about both options. At the end of my conversation with the counsellor at Money Mentors I felt relieve and knew I was more than capable of handling my debt in a timely and efficient manner. To say Money Mentors counsellor put me at ease is putting it mildly. I am so glad I made the call for help. Even though I have a budget made out I am going to take the free courses they offer online as I never want to be in this position again. Thank you so much to the Counsellor and all staff for making this incredible outcome possible. Knowing I don't have to go into bankruptcy, lifted my spirits immensely. With much gratitude, my life just got a whole lot better."

Author
AJ Siwel
Verified Google Review

"Today I finished paying off my OPD program debt! I can’t thank Yve Boucher and the others on the Money Mentors team enough for all of their guidance. Throughout the 2 years that I worked with Yve she was always a call or an email away and I received guidance when I needed it and in a timely manner. I recommend Money Mentors to anyone that is struggling to get back into good financial shape."

Author
Meara Palmer
Verified Google Review

Why Money Mentors?


We’re proudly Alberta-based and committed to helping our communities—not shareholders. As a non-profit, your success is our bottom line.

Our accredited financial counsellors live and work in the same towns and cities you do. That means we understand Alberta’s economy, cost of living, and challenges.

From budgeting and money coaching to financial literacy programs in schools, we’re here to empower Albertans of all ages to thrive financially—for life.

We’re the only organization in Alberta authorized to offer this unique program that consolidates your debts into one affordable monthly payment.

What is the Orderly Payment of Debts (OPD) program?


Pretty much all Albertans have some debt, but when debt becomes overwhelming, it can be difficult to see a way forward. Money Mentors offers a unique debt consolidation repayment plan called the Orderly Payment of Debts (OPD) program, a federally legislated solution under the Bankruptcy & Insolvency Act (BIA) and monitored by the Province of Alberta.

Designed to be flexible, it fits any Albertan’s lifestyle and life circumstances, making it a stress-free way to consolidate all unsecured debts into one easy payment plan. With a fixed 5% interest rate and a clear path to becoming debt-free within five years, the OPD program helps clients regain financial control. Based in Alberta, Money Mentors is a non-profit organization and the exclusive provider of this program.

4 Steps to Becoming Debt-Free


As Alberta’s only non-profit credit counselling agency, we’re here to help—not to sell. Our proven process puts your needs first, offering the clarity and support you need to take control of your finances.

STEP 1

Connect with a caring counsellor for a confidential, no-obligation conversation. We’ll get to know your financial situation and goals.

Connect with one of our non-profit, accredited financial counsellors for a confidential, no-obligation conversation. We’ll get to know your financial situation and goals.

STEP 2

You’ll receive unbiased advice on all the options available such as support and repayment plans. We’ll explain the pros and cons of each so you can make the best decision.

You’ll receive unbiased advice on all the options available such as support and repayment plans. We’ll explain the pros and cons of each so you can make the best decision.

STEP 3

Together, we’ll create a personalized action plan that works for you. Whether it’s the Orderly Payment of Debts program or another solution, we guide you every step of the way.

Together, we’ll create a personalized action plan that works for you. Whether it’s the Orderly Payment of Debts program or another solution, we guide you every step of the way.

STEP 4

With your plan in place, you’ll make progress month by month. We offer ongoing support, tools, and education to help you stay on track and stay debt-free for good.

With your plan in place, you’ll make progress month by month. We offer ongoing support, tools, and education to help you stay on track and stay debt-free for good.

What's the difference between the OPD program and bankruptcy?

Feature
OPD Program (Orderly Payment of Debts)
Bankruptcy
Debt Repayment
Full repayment of unsecured debts
May eliminate some or all debts
Interest Rate
Fixed 5% interest rate
No interest, but trustee fees apply
Monthly Payments
One consolidated monthly payment
Payments vary based on income and assets
Asset Protection
Keep all assets
Some assets may be sold to pay creditors
Credit Impact
Stays on credit report for 2 years after completion
Stays on credit report for up to 7 years
Creditor Actions
Collection calls and wage garnishments stop
Collection actions stop, but assets may be seized
Alternative to Bankruptcy
Yes, a structured repayment plan
No, it is an insolvency process

Benefits of debt consolidation through the OPD program


No start-up fees

Fixed 5% interest rate

Federally legislated

Protection against creditor action

Collection calls stop

Wage garnishments stop

Access to a debt counsellor for added guidance and support every step of the way

All unsecured debts are consolidated into one program

Clients improve money management skills by enrolling into FREE financial seminars and courses

All unsecured debts are consolidated into one program

Frequently Asked Questions

What is the Orderly Payment of Debts (OPD) program?

The OPD program is a federally legislated debt consolidation program, monitored by the Province of Alberta, that helps individuals repay unsecured debts through a structured repayment plan with a fixed 5% interest rate.

How does the OPD program help me manage my debt?

The OPD program consolidates all your unsecured debts into one easy monthly payment, stops collection calls and wage garnishments, and ensures you pay off your debt within five years.

What types of debts are covered under the OPD program?

The program covers credit cards, personal loans, lines of credit, payday loans, student loans, income tax debt, and more.

How is the OPD program different from bankruptcy?

Unlike bankruptcy, the OPD program allows you to fully repay your debt while keeping your assets. It also has a lower impact on your credit, remaining on your report for only two years after completion.

Are there any start-up fees to join the OPD program?

No, there are no start-up fees or hidden costs. The program is designed to make debt repayment affordable and stress-free.

What additional support does Money Mentors provide?

Clients receive personalized debt counseling, access to free financial education courses, and additional resources to help them build long-term financial stability.

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© Money Mentors 1997 - 2025

Head Office:140, 109 Quarry Park Blvd SE
Calgary, AB, T2C 5E7

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