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I recently filed a consumer proposal

Recently Filed a Consumer Proposal?

If you recently filed a consumer proposal it is imperative that you make all of your monthly payments on time. In fact it is recommended that you try to make more than the minimum proposal payment so that you can pay off your proposal faster. A Consumer Proposal only remains on your credit for 3 years from when it is paid in full so the faster you pay off the proposal the faster you can start to rehabilitate your credit.

If your situation has changed for the worse since filing the consumer proposal or if you are simply having difficulty making even your minimum monthly proposal payments you may want to tell your trustee. A consumer proposal can be amended and even turned into a bankruptcy if it makes sense.

If you would like a referral to a trustee call our office at 416 223 9300.

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Prudent Financial Services

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