Consumer Proposal - How can it lower my monthly payments?

Return to Consumer proposal Risks

No Desert 'til After You Finish Your Dinner

Consumer proposals can be highly effective in reducing overall monthly payments and easing the pressure of the regular monthly payments. They also reduce the overall debt. Consumer proposals are a type of light at the end of long tunnel. But homework must be done prior to filing as it is an R7 or R9 Orderly Repayment and will reflect so for the term the proposal and there years thereafter. As discussed, even a decline will be registered against the credit bureau as the same rating.

Consumer Proposals can also reduce not only your interest charges, but the total about of debt owing. Filed through a public trustee, your financial position is reviewed and disclosed to your creditors with an offer to repay the amount over a period of up to 60 months - interest free. Overall the return is greater than in a bankruptcy, so if the solution fits your needs you may achieve a large debt savings by using the Consumer Proposal process in Canada.

There is no doubt that consumer proposals are fantastic remedies for those personal financial situations that are eligible for the benefits provided by the Federal Government. Feel free to contact us by e-mail for more information on consumer proposals and other programs or call our toll-free number: 1-877-475-3939 and speak with a licensed representative to compare our debt-settlement services and see which of all available programs are right for you!

For a list of all our services please see our Services Page or Contact Us.

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Canada Debt Settlements stands by the commitment and service guarantee that no client will be charged unless we can achieve a debt reduction. As our customer testimonials will demonstrate - we have a unique solution that allows a licensed agency to advocate with your creditors on your behalf. We work for YOU... not the creditor. Call now to speak with an experienced and licensed debt professional. What do you have to lose?

Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

Call now for your free no obligation consultation 1-877-475-3939