consumer proprosal
Escape the Grip of Debt with a Consumer Proposal in Edmonton
Excessive debt creates stress. You’re barely meeting your household expenses let alone the extras. You can't save money the way you like. You have to dedicate a good portion of your income to paying debt. At Edmonton’s Moses Advisory Group, we work hard to identify your options, such as the filing of a consumer proposal in Edmonton.
What Is a Consumer Proposal?
When you have a steady income but you still have difficulty paying all your debts and your bills, you could consider a consumer proposal in Edmonton. With your proposal, you gain relief from credit collectors, and you can consolidate the majority of your debts into a single monthly payment. You can reduce your monthly debt payments, and prevent wage garnishing and seizure of bank accounts.
You might wonder, what is a consumer proposal? A consumer proposal is a legally binding agreement between you and your creditors. It’s overseen by a licensed insolvency trustee and together, you and the trustee will offer to pay your creditors a percentage of what you truly owe, or you’ll negotiate to receive an extension on your payments.
You can use a consumer proposal to consolidate unsecured debts ranging from $5,000 to $250,000 including credit cards, bank loans, and payday loans. However, secured debt and some school loans may not be eligible.
Advantages of a Consumer Proposal
Moses Advisory Group can help you file a consumer proposal in Edmonton. Our experienced staff can find you a solution to your debt and will help you throughout every step of the process. Consumer proposals are becoming a more popular choice for resolving debt problems as this option offers several significant advantages: