trying so hard to get debt free

can i still get a consumer proposals if i am with another credit advisors company?right now i am with shield credit advisors but i am still paying 350 a month.210 bi-weekly and 140 bi-weekly but i am still having trouble making my im thinking that personal bankruptcy might be my best solution.

Posted from: Newfoundland and Labrador

One Response to “trying so hard to get debt free”

A licensed trustee said...

The folks that read this blog regularly probably know what is coming: it sounds like you are dealing with a debt consultant of some description and in my opinion, they are almost always a BAD IDEA. You certainly have the right to contact a trustee and file either a consumer proposal or personal bankruptcy. Use the links or your local phone book to find a trustee in your area and give them a call.

I know I say this alot, but most of the people calling themselves debt consultants have no formal training in accounting or finance. They’ve been hired to sell you a program that more often than not, doesn’t work so that (like this person) you end up speaking to a trustee eventually anyway.

If you are experiencing financial difficulty go and speak to a trustee BEFORE you commit to any kind of debt repayment. Speak to your banker, your accountant, even a debt consultant if you wish, but make sure you hear about all of your options BEFORE you decide how to proceed. 2 out of 3 people that contact our offices are actually referred elsewhere because they don’t need to file a consumer proposal or bankruptcy – they just needed to be pointed in the right direction. Don’t sign anything until you’ve researched all of your choices.