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If I filed a consumer proposal and then realized that there were some `old` credit card accounts which I had been inactive, yet never officially cancelled (and forgotten about, therefore not disclosed on the CP) can I `reactivate` the account and use it while still under consumer proposal? I`m wondering if it is allowed or […]
I was wondering if it was possible to `transfer` my current mortgage to a new home while under a consumer proposal. Actually, I would be able to pay off the consumer proposal from the sale of the house and was wondering if I bought a cheaper house. I`m just afraid to contact my mortgage company […]
I went throught a very difficult time and couldn`t keep up with my CP`s monthly payments. Due to this matter, my proposal was annuled. But now that I got a high paying job I wish to re-apply for another proposal and re-settle my debts. Can this be possible? Posted from: Ontario
I keep reading that most lenders will renew a mortgage while in consumer proposal if up to date. Here`s my question…. what if they don`t??? What happens if a lender doesn`t renew? Do they give you time to sell the house? Do they foreclose? It`s very stressful worrying if they will renew or not. I […]
Hi. I`m about 6 months into a 4-year CP. I think I can sell my home and pay off the CP with the proceeds. However, I want to get another house. Question: Could I refinance my current mortgage to pay off CP. (I`ve seen websites that say they can do this). If so, after the […]
Hi: I would like to file a consumer proposal(i have ability to pay my debts) dont want bancruptcy. my question is: i am a application developer mostly work for financial institution. any employment application required credit check. if i file consumer proposal, will it effect my status of employment? thanks Posted from: Ontario
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 […]
