Sentences with phrase «already in a consumer proposal»

Not exact matches

And I think you made a key point there and that is if you're considering filing a consumer proposal or a bankruptcy the phrase you used is your credit is already in the ditch meaning you've already got bad credit so saying oh I'd really like to preserve my credit, I don't want to go bankrupt, well, wait a minute, you already are in bad shape.

Interest stops building upon accepted proposals from the date you file your consumer proposal, making it possible to see real progress, reduction in your already «reduced» debt with each payment made — in like amount to the actual consolidated, monthly payment made — unlike what you previously experienced with minimum payments on your credit card that never seemed to reduce the balance owing, leaving you more despondent with each passing month and year.

Those who are filing a bankruptcy or consumer proposal today are much more likely to be in an at - risk household that is already experiencing financial distress before factoring in debt repayment.