by Owen | Apr 17, 2023 | Consumer Proposals, Credit Rating
Filing for a consumer proposal is an effective way for many Canadians to get out of debt but it can affect your credit score. Your credit rating will be negatively impacted or bruised by filing of the consumer proposal but just like a real bruise, it can heal with the...
by Owen | Dec 12, 2022 | Consumer Proposals
If you have been doing research on consumer proposals, you’ll likely have encountered “consumer proposal calculators” that appear to have the ability to provide an estimate of the monthly cost of a consumer proposal payment. You’ll likely be asked to enter your total...
by Owen | Nov 9, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
When you are facing financial hardship, there are options to help you tackle your debt and work toward financial freedom. A Licensed Insolvency Trustee (LIT) can offer various solutions, including division I and division II Proposals. A consumer proposal and a...
by Owen | Nov 2, 2022 | Avoid Bankruptcy, Consumer Proposals, Credit Rating
It’s normal to have some debt, whether it’s a mortgage or a car payment, but if you’re waist-deep in credit card and finance company loans and are seeing the debts being carried over month to month without going down, this is understandably frustrating and stressful. ...
by Rebecca Frederick | May 23, 2022 | Consumer Proposals, Orderly Payment of Debt
If you’re wondering what the difference is between Orderly Payment of Debt and Consumer Proposals, you’re not alone. In Alberta, you have many choices when it comes to how you want to address your debt. While there are many similarities between the...
Recent Comments