What is a Consumer Proposal?
Jun 25, 2015
What is a Consumer Proposal?
Are you unable to reduce your balance owed to creditors due to high interest rates? A Consumer Proposal may be the answer. It is a legal way to
force your creditors into a settlement that you can handle, and see an end to your payments.
Are you eligible for a Consumer Proposal?
As long as you owe less then $250,000, you qualify to file for a Consumer
Proposal with LCTaylor.
How Does it Work?
After you file, you will have only one payment a month to your creditors, which will be based upon your budget. A Trustee
will go over your monthly income and expenses to find a payment plan that
works for you.
Why a Consumer Proposal?
When personal circumstances change, your financial commitments need to be adjusted. A Consumer Proposal allows
you to pay make the money you borrowed without the inflated interest rates.
Filing for a Consumer Proposal may be the direction that allows you get get back on your feet. And the best part is you do not have to deal with your creditors. Your Trustee
will do all of the negotiations for you. Call today to discuss this option with a licensed Trustee.
In Manitoba or Ontario visit LCTaylor.com
Trustees are available to answer your questions at ourWinnipeg and Kenora locations.
Call us now to schedule your free consultation.