Considering a Proposal
August 23rd, 2010 by Questions
I earn about $70000 per year on a single income. I have about $35000 in consumer debt, excluding a mortgage ($208000 – renewal in 2013) and a car lease. If I apply for a consumer proposal for consumer debts, can I still make payments on my mortgage and car lease without fear of losing them? I currently am not behind on any debt or bill payments, I just struggle monthly to pay all the bills and am concerned with the huge amount of interest I am paying. I just want to be able to save for my future. Is a proposal the right way to go? I have already been refused for a consolidation loan due to my high debt ratio.
Posted from: Alberta
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