Consumer Proposal:

Legal way to get rid of debts

The number of Canadians crushed by the debt of credit card is increasing. Due to the poor financial status and increasing interest rates, it seems like you will never get out of this debt. You might be planning to save so that you can slowly pay the debt.

Once they start to struggle with the repayments it seems like they will never be able to completely pay off the entire amount. Such individuals should apply for Credit Counselling as soon as possible if they need some expert advice.

This is a federal program where we can reduce your monthly payment, stop interest and reduce part of you loan principal so you can pay off your debt sooner.

Consumer Proposal

It is an agreement that will help to settle the unsecured debts between the individuals and the creditor. You will have to hire the licensed bankruptcy lawyer. He will act as a mediator and will help you know whether you are a reliable candidate for the debt repayment or not.

In order to assure that creditor will accept the debt repayment proposal, the lawyer will finalize the deal between you and your creditor. The creditor will have the assurance that his money will be repaid. You will need some help from the experts to help you finalize the best consumer proposal for your creditor.

How Consumer Proposal works

The program is made available through the bankruptcy and insolvency act that was introduced by the government of Canada. It is the perfect alternative to bankruptcy. Here is how the consumer proposal will work.

  • You will get an affordable repayment plan for the debt
  • All the legal forms will be prepared by the experts, you will only have to sign
  • With the government, you can file the proposal to the creditor
  • Experts will talk to your creditor is a professional way
Slavica D
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“My experience with CC was exceptional…from the first call I was given clear instructions and was put at ease about the whole process. Loss of my previous job had created more stress for me than I anticipated and with the help of CC team I was able to regain the positive outlook again. Thank you Mahmood and team!”
Agnes S
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“Credence credit really helped me in my consumer proposal and would recommend this to anyone. My advisor Mahmood has been extraordinaire in dealing with my situation with outmost respect and dignity. Thank you again Credence Credit”
Sameen A
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“Credence Credit is a firm that truly values its clients. Consultations will let you see the gaps in your planning and proposed solutions are practical and easy to apply. Would definitely recommend anyone looking for some financial wisdom to improve their financial profile.”
E.S.
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“I wish I went to Credence long time ago. I was so stressed with the threatening calls. Thanks to Mahmood, my financials are in order now. He was professional and understanding explained all my questions I had. I couldn’t be happier.”

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Reasons to file a consumer proposal

There might be many ways to have debt relief, but the best solution has been provided in the form of consumer proposal. Your entire situation and issues will be presented, and the trustee will help you find the best solution that will meet your requirements and financial status. If you are confused whether to file a consumer proposal or not here are a few reasons you should consider.

  • It is reliable solution for individuals have a debt greater than $5000 but less than $275000
  • You need more time for the repayments of the debts, but the creditor does not agree
  • You want to get rid of the threats of legal actions. Increasing interest charges and wage garnishing.
  • Your house or other valuable belonging might be at the threat of being paid off as debt.

We have the highly trained attorneys that know how to deal with such kinds of situation. From the legal paperwork to the acceptance of your application they will take care of every task. All you have to do is wait for the approval and assure that you pay all the installments on time after the debt settlement. For more information and consultancy book your free confidential consultation.

Advantages of consumer proposal

The biggest advantages of the consumer proposal are that your monthly debt payment will be lowered. The interest will be frozen which means that the debt will not increase. Your house and other belongings will stay with you. You will be able to easily pay off your debt without disturbing your financial status.

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