A consumer proposal is a formal process you make with your creditors to pay back a percentage of what is owed to them or extend the time you have to pay off the debts, or both. It protects you from creditors’ harassing phone calls, garnishments, and legal threat. A Proposal can only be made by a Licensed Insolvency Trustee. It is designed with your financial situation in mind including the payment schedule, which is based on your income, living expenses, and family responsibilities and circumstances.
This will relieve the stress of creditors calling and demanding payment!
It will help you reach an agreement with all your creditors at the same time.
It will begin repairing your damaged credit rating.
It will also reduce the total amount you owe by up to 70% or more!
Loanspot.ca has Trustee's in your area that will help you! To see more click below!
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