Wondering about the pitfalls of consumer proposal
May 8th, 2012 by Questions
Thinking about doing one, mostly credit card debt around $80,000 between me and my wife, I haven’t even used my 2 cards in 2 years , I am just making minimum payments, I have 3 young children ages 8, 5and 3 and I my wife has a good job and I work away seasonally and still can’t get ahead with all the bills. But my concern is that we have reap plans for our children and don’t want to touch this, because it is for their future.
The credit cards are scotia bank, Td, and Cibc. I would be looking at no more than a 3 or four year payout.
Posted from: Newfoundland and Labrador
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)