Sentences with phrase «to a consumer proposal»

You have decided to on filing consumer proposal in order to obtain relief from your financial difficulties, you have verified that you are eligible, and your proposal terms have been worked out.

Contact a Licensed Consumer Proposal Administrator for a free consultation.

That is why 99 % of consumer proposals filed with us are accepted.

As we mentioned, the rate of people choosing consumer proposals as an alternative to bankruptcy is increasing.

Hi there — If I decide to go with consumer proposal do I lose my car even if I have a loan on it and what happens to my credit score?

The government regulates who can file for consumer proposals.

I mean obviously you don't want to be having to do a bankruptcy or consumer proposal if you don't have to.

Top 10 Questions We've pulled together a list of the top 10 questions we are commonly asked about consumer proposals.

Banks will also refuse to provide mortgages for people who have gone through consumer proposal or bankruptcy.

Not everyone advertising consumer proposals on the web is licensed to file proposals.

In addition to outlining how consumer proposals work, we also review all available alternatives.

There's no interest on consumer proposal payments and you're only repaying a portion of your debt.

Consumer proposals work differently to debt consolidation, but the goal remains the same; to make your repayments more affordable, and guide you towards a life free of debt.

One of the most often submitted questions I receive is about «facts» or «truths» about the bankruptcy or consumer proposal process and how it will affect one's future.

The law does allow the federal government to issue special licenses to administer consumer proposals, but no such special licenses have ever been issued.

In contrast, consumer proposals offer you legal protection from your creditors the moment you file through a stay of proceedings.

Only a bankruptcy or consumer proposal provides immediate protection from actions taken by your unsecured creditors.

I hear it all the time: why bother going through a five year consumer proposal when you can just go bankrupt and be done with it?

For that reason we have put together a complete guide to consumer proposals so you can determine whether or not filing a proposal is the right option for you.

Here's the question - Upon successfully completing consumer proposal, all negative credit information will remain on file at the credit bureaus.

Consumer proposals also provide you with legal protection from your creditors.

You need to make sure that they can't put through charges to your bank account after your bankruptcy or consumer proposal starts.

He goes on to say that filing a joint consumer proposal would be around half of that cost because you're only dealing with the debt once.

For our clients, a bankruptcy or consumer proposal became a way out.

Visit our list of commonly asked consumer proposal questions for additional information.

Does the new home equity exemption mean that consumer proposals no longer make sense if the equity in your home is less than $ 10,000?

That is why we have a 99 % consumer proposal acceptance rate.

What is surprising is that the number of consumer proposal filings has increased.

All licensed consumer proposal administrators work this way, but not all debt advisors do.

Consumer proposals impact your credit score because they remain on file for three years after you're finished your payments.

How will filing a bankruptcy or consumer proposal affect my mortgage?

Yet you see many people advertising consumer proposals, or a similar type of «government debt settlement program» all over the internet.

When / why would you choose credit counselling vs. consumer proposal?

Contrary to this belief, it is possible to file a bankruptcy or consumer proposal together if you are carrying joint debts.

A bankruptcy or consumer proposal generally results in much lower monthly payments than those you were making against your debts before you filed bankruptcy.

Here are my four key steps to a successful consumer proposal: 1.

Consumer proposals typically work on a monthly payment structure that can not exceed a 5 - year commitment.

What they now offer is so called consumer debtor protection services, debt assistance or consumer proposal referral programs.

You completed your first consumer proposal or personal bankruptcy when your student loans were less than 7 years old.

And if you've gone through a bankruptcy or consumer proposal recently (within the last two years), you may even need to work with a private mortgage lender.

By law consumer proposals are «open» which means you have the right to pay them off more quickly, which is what most people do.

At that point you gave us two choices — we could file bankruptcy or take the four year consumer proposal plan.

In a typical consumer proposal for someone with $ 50,000 in debt, we can often negotiate a payment of $ 250 or $ 300 per month.

How to calculate a monthly consumer proposal payment will depend on any one or a combination of those three factors.

Again, every single consumer proposal is different because every person's financial situation is different.

We do not recommend that you choose a bankruptcy or consumer proposal based on the impact on your credit score.

The government agency that oversees consumer proposals does not produce public statistics on the average proposal term offered, or the average time taken to complete a proposal.

It is also important that you select a trustee that handles enough consumer proposals to be familiar with all of the nuances associated with filing.

Under the terms of your customized consumer proposal, you will make set payments over a period of time up to five years.

Generally, a reasonable Consumer Proposal will be accepted.