FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

Phone

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Question RE Consumer Proposal

Hi,
I am considering consumer proposal or credit counselling.
What is the exact difference?
Also, I own a home, do I have to sell it in order to do a consumer proposal program?
I don’t want to consider bankruptcy.

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Question RE Consumer Proposal”

A licensed trustee said...

Credit counseling is designed for people that can afford to repay their debt in full – they are looking for releif from the interest charges. Consumer proposals are for people that can only afford to repay a portion of their debt.

Whomever you speak to about your situation should describe to you how both procedures work and what your payments might be for them too. Then you can decide which makes the most sense for you and your family.