Consumer Proposals Articles - Archive: August 2008 Page 2

I am quite far in debt with a number of unsecured lenders. I am potentially receiving a lump-sum of money in the next month or so, though no where near the total debt. I am considering a proposal as a means to get back on my feet. What am I to do with this lump-sum [...]

I am halfway through my consumer proposal and would like to replace my prepaid MasterCard with a secured Visa or MasterCard so that I can start re-building my credit rating ahead of completing my proposal. Am I likely to get accepted for a secured card eventhough the proposal is not yet complete ? Thanks. Posted [...]

Now I am at 9th month of a 3-year , $700/month payment consumer proposal. Since my personal situations change a lot, and I expect more difficult in completing this proposal, at the mean time, I still do not want to go to bankruptcy. So may I apply to make an amendment of this consumer proposal? [...]

My husband is 11 months from completing his consumer proposal. We would like to purchase a house when the proposal is complete. Is this possible with his credit rating. His annual earnings are approx. 80000 added to my income of 34000. I do presently own a property and wish to rent it out when we [...]

I have heard that the new legislation that has been passed raises the consumer proposal limt to $250,000, yet this provision of the bill has not been incorporated into the legislation. Is there any thought amongst those in your profession if this will actually become law and if so when? Posted from: Alberta

I have an old student loan that is haunting me for over 10 years now.. I am a single mother that is on a limited income with a full time job and starting to rebuild credit (slowly) I am looking at clearing this old debt up by either a consumer proposal or bankruptcy. First, can [...]

I have attempted to negotiate payment reduction with Capital One Mastercard and did not get enywhere with them. Is it possible to reduce monthly payments? Posted from: Quebec

I currently have close to $75,000 in debt consisting of lines of credit and credit cards, along with some student loans. I also have a line of credit and a credit card that I presently do not owe ANY money on. I am considering filing a proposal. My questions is this: can I keep the [...]