How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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not behind in payments do i still qualify?

My husband and I owe about $50000 in credit card debt. We have no real assets except for a couple of older cars but both make a decent income. We are currently paying the minimum due, on time each month and have been for sometime. Unfortunately we don`t have extra $$$ to set aside for unexpected expenses so when these come up we use credit. As a result even though we make steady payments we are not seeing a decrease in our debt. Do we qualify for a consumer proposal even though we aren`t maxed out and are not behind? THanks.

Posted from: Ontario

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One Response to “not behind in payments do i still qualify?”

A licensed trustee said...

Yes you do – this is one of those strange myths that is floating around – you do not have to be behind in your payments, or have maxed out your credit in order to file a consumer proposal or bankruptcy.

Use the links on this site to find a trustee in your area and give thema call – they will walk you through all of your options and help you decide whether or not a proposal is the right choice for you.