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I have 3 credit cards owing about 13000, one loan owing 16000, and a line of credit owing 8500. i own a house 50% shared with my wife. Questions are 1. I have the account line of credit and mortgage with the same company. Will this have a bad impact on my mortgage. 2. Do […]
If I was accepted for a consumer proposal, when it comes time for renewal of my mortgage, how difficult is it to renew? Wouldn’t a financial institution refuse a mortgage based your rating as an R7? Thank you. Posted from: Ontario
I am considering filing a consumer proposal, however my employment requires me to travel 3 out of 4 weeks and submit my expenses for reimbursement. They do not provide a credit card. I make 90K a year, owe 130K in credit card and LOC unsecured. Can I keep a credit card for business travel purposes […]
Im currently under a consumer proposal. Im re financing my mortgage and the mortgage broker found me a better interest rate with another bank. Its all approved however, my real estate lawyer found out theres a judgement under the house(under my name from RBC) which was filled before the proposal. The trustee has requested RBC […]
Hello, prior to submitting a consumer proposal, if we sell our house to my brother and rent from him, but use the equity to keep our heads above water (pay our bills, pay our rent for our business as we are self employed), how does this affect the consumer proposal? are we still eligible? Can […]
I have 3 credit cards and I owe 31,000 in total. 1st credit card -16500 2nd – 10000 and 3rd -45000. I dont work at the moment. I have Investment acct with TD and one of my credit card is with TD. I am paying monthly payment but only paying minimum payment required. My question […]
Hi, I understand I will have to offer more than what my creditors will receive if I filed for bankruptcy. I have a deposit for a pre-construction condo that will be completed 3 years later. The mortgage will start in 3 years when the building is complete and is not under my name, also the […]
forgot to update payroll and money was accidentally deposit in a close account in a bank I have consumer proposal with. Will the bank have the right to keep the money, do they usually just return it? If not, any advise on how to go about getting the pay back? Posted from: Ontario
With a consumer proposal, can you still have a small amount of money in the bank? Can you still have a credit card to keep with a zero balance? After filing a consumer proposal, in about 1-2 years, if come into money,, can you pay off the consumer proposal without penalty? Thank you. Posted from: […]
I have contacted a company that says the program she would put me in would be a consumer proposal however she has asked for $400 deposit (refundable if proposal is not accepted) and then a final $300. I thought consumer proposal fees came out of the amount you paid every month. I was told to […]
