Bankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2

November 29, 2013 | Category: , , ,

Bankruptcy or Consumer Proposal – which one is the right option for debt solution? Part 2

Are you drowning in debt? If you are living pay cheque to pay cheque, or find your financial situation hard to control. Then you may need professional help regarding

Two of the most common options to get out from debt are bankruptcy and consumer proposal. But which option is right for you?

Seek  professional help if you are interested in filing for a bankruptcy or consumer proposal in Ontario. For more information visit our resources page.


Prudent reports all your Prudent loan payments to credit bureaus. But Prudent cannot “fix”  or “repair” your credit.  The credit bureau reports on the totality of your credit activities. The bureau updates regularly on your payments on credit cards, utilities, taxes  as well as to banks, finance companies, credit unions etc. Prudent does try to educate  its credit-challenged customers on wiser management of their financial affairs using information from responsible financial sources such as Bankruptcy Canada, Industry Canada, Credit Canada Debt Solutions, and BDO.

Like our video blog? If yes, click below to  Prudent’s join free smart club. Get more information on personal finance, lending and investing options in Ontario.



More Posts

Are online only banks right for you in Canada?

A home equity loan vs a Reverse Mortgage in Canada

Your credit score and simple ways to improve it

The Basics of budgeting and taking on new debt

Mental health and your finances during Covid

Preparation for the Second Wave and your finances

Money saving tips when you’re impacted by Covid-19

Should I only make the minimum payment on my credit card?

Can a Second Mortgage be beneficial in the GTA?

Car Financing in a Crisis

Secure Your Loan. Apply Today!

Click below to submit your loan application.