Doug Hoyes: Well, we'll
talk about consumer proposals maybe in the second segment, but what you're saying is, when someone comes in to decide whether they're going bankrupt, you're going to take a look at the different assets that they own and figure out if they have any realisable value.
To help you decide if a consumer proposal is the right option for you, we've provided some answers to the most frequently asked questions we
receive about consumer proposals in Canada.
We do notify your creditors
promptly about your consumer proposal, but it will take time for the notifications to reach the right people and for their changes to take effect in the banking computer systems.
Now you were talking about offering this settlement and how that all works, I'd like to get into a bit of that but we're going to take a quick break first, and we're going to come back and talk more
about consumer proposals with Ted Michalos here on Debt Free in 30.
If you would like some more
information about Consumer Proposals, or to determine if you qualify, an easy next step is to contact a proposal administrator for a free personal consultation.
Here on Debt Free in 30 we often
talk about consumer proposals and bankruptcy as a way to deal with debt but the vast majority of Canadians don't need to take that drastic a step.
Learn
more about consumer proposals in Ontario, what they are, what creditors are looking for during negotiations, and how a consumer proposal can eliminate your debt.
The key thing to remember, is that if you're behind on payments and indebted enough to be
thinking about a consumer proposal, chances are high you already have poor credit.
So, final point on this then, credit bureaus, obviously they find out
about a consumer proposal or a bankruptcy.
need to know more
about the consumer proposal, do I loose my credit cards for 6 yrs.
If you don't qualify for a debt consolidation loan, or can not afford to repay your debts in full, talk to
us about a consumer proposal.
We talked
about consumer proposals and bankruptcies today so let's deal with a basic question, how do I know which one I should choose?
Petrified that I might have to go bankrupt and possibly lose my home, on this site I found information
about Consumer Proposal.
Talk to
us about Consumer Proposals, Bankruptcy, Debt Consolidation, Business Arrears and Restructuring, Credit Counselling, Creditor Negotiations
The complaint was not really about our service or
about the consumer proposal, but rather the fact that they were having trouble getting credit afterwards because they had not yet re-built their credit history.
We're talking
about consumer proposals.
Doug Hoyes: It's time for the Let's Get Started segment here on Debt Free in 30 and we're talking
about consumer proposals.
Would you like to learn more
about Consumer Proposals?
If you are having financial difficulties because of payday loans or are interested in finding out more
about consumer proposals, please e-mail a consumer proposal administrator for a free, confidential consultation.
However, if you are concerned about the cost of bankruptcy and also wish to keep your assets, like RRSP and home equity, consider learning more
about a consumer proposal.