What to do
September 2nd, 2011 by Questions
My wife and I have accumulated a lot of debt. 80 K unsecured. We make our payments on time but are constantly getting deeper in debt. We have a mortgage and a car loan we also pay on time. There is not much equity in the house. We are making the minimum payments with little chance of ever getting out from under this burden. Sometimes we are using credit cards to pay off other cards. Nobody is calling looking for their money and no collection agencies are calling . I guess my question is what would be the best option? My opinion would be a consumer proposal but you’re the expert. What are your thoughts?
Posted from: New Brunswick