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We need some advice for a Consumer Proposal

Hi my wife and I have just under $75,000 in debt including student loans. We have a truck loan that is secured and we can`t loose the truck as we live 30 mins from Medicine Hat. We need some advice for a Consumer Proposal, how it works, how long it takes to set up, If our debt = 31359.41 after student loans and the truck are taking off how much are we looking at paying back and for how long? What happens to our credit rating?

One Response to “We need some advice for a Consumer Proposal”

A licensed trustee said...

Use the links on this page to search for a trustee in your area – either give them a call or go and see them in person. They should be able to give you a good idea of your options and what you’ll need to offer in a proposal in order to get it accepted by your creditors.