June 18th, 2012 by Questions
first of all i would like to commend your firm on this tremendiously helpfull site .i have recently submitted a CP with RBC as my main creditor, they have refused my proposal and submitted a counter offer wich i completley expexted do to your information on this site.there will now be a meeting of creditors and we will be accepting conter proposal as long as all goes well.Now my question,is it unreasonable or frowned apon if i were to apply for a secured credit card while still waiting to finalize my CP? as i traval do to my job
Posted from: Ontario
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June 18, 2012 at 4:34 am, A licensed trustee said:
There is nothing wrong with applying for a secured credit card while you are in your proposal – we encourage our clients to do this. Go and speak to a loans ooficer at the bank you deal with – most can arrange for secured credit cards (even though the banks don’t advertise this service).