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Consumer Proposals for Residence of B.C.
If you need a solution to your debt problems and no one will help you, we have the solution. Consumer proposals can reduced your debt up to 70% and with low monthly payments it makes the perfect Solution
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We can save you thousands of dollars!!!
A consumer proposal is a payment plan that is taken over 5 years and will see you pay anywhere from .20 to .50 cents on the dollar. It is a great way to consolidate your debt and save money in the process. When you enter into a consumer proposal you will pay the same payment every month, on the same day. Once the program has finished whatever debt that is left over is forgiven.
You should consider a consumer proposal if:
- You have a minimum debt of $5,000 and or your debt does not exceed $250,000 (this does not include your mortgage).
- You are employed and can afford to make a minimum payment each month.
- You are unable to repay all of your debt in full with interest.
- You do not qualify for a debt consolidation loan for whatever reason.
- You don’t want to go bankrupt.
What are the advantages?
- You only pay a portion of your debt back.
- Interest stops accumulating on your account.
- All of your unsecured debts are included. Everything from credit cards, bank loans, payday loans, and income tax can be included.
- You have up to five years to repay your debt.
- All collection activities by creditors (except for support and alimony) are immediately stopped, including wage garnishment.
- You don’t lose your house.
- The effect on your credit rating is less than what bankruptcy would be.
- You meet a portion of your obligations to your creditors.
What a consumer proposal won’t do:
- Allow you to pick and choose the debts to be included.
- Eliminate support and alimony.
- Eliminate student loans.
- Deal with your secured debts, I.e. your mortgage or car loan.
Here's an example of how much we can save you!!
Actual Client
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Creditor
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Debt Amount
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Minimum Payment
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CIBC Visa
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$16,876
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$506.28
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MBNA Canada
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$7,343
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$220.29
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TD Canada Trust Visa
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$11,917
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$357.51
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Total Monthly Payments
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$1,084.08
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Consumer Proposal Payment
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$479.00
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Savings Per Month
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$605.08
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Sound good?
If so, then all you need to do to take advantage of this program is to fill out the contact form on the left hand side of the page and talk to one of our debt counsellors. It’s that easy.
We look forward to helping you become debt free!
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