If you are having a short - term problem making debt payments and you can afford the monthly
payment under a debt management plan, credit counseling may be a better option for you.
It can still be worth it to talk to a credit counselor to see what your minimum payment would be
under a debt management plan.
Under the debt management plan, you promise to pay back the full principal over time.
If you have $ 10,000 in debts and you can afford to repay $ 500 per month,
under your debt management plan you will repay all of your debts in 20 months.
In most situations, your payment under a consumer proposal will be significantly less than they would be
under a debt management plan.