Student line of credit
I have a student line of credit of $4800.00 cosigned by my mother. Am I able to pay this off separately if I go through consumer proposal? I do not want my mom to be affected.
Thank you.
Posted from: British Columbia
I have a student line of credit of $4800.00 cosigned by my mother. Am I able to pay this off separately if I go through consumer proposal? I do not want my mom to be affected.
Thank you.
Posted from: British Columbia
No, in a consumer proposal you would not be able to pay this cosigned student line of credit off separately. One of the legal requirements of a consumer proposal is that you must make it to all creditors, you can’t pick and choose.