Student loans are a serious undertaking, especially for those fresh out of college. Student loans like OSAP total to over $20,000 per student on average, making repayment long and difficult. Over 77% of Canadian graduates over 40 say they regret taking out their student loans. When someone finds themselves unable to repay their loans, one … Continue reading Can You Include Student Loans in a Consumer Proposal?
A consumer proposal is a legal debt relief solution in Canada, governed and regulated by the Bankruptcy and Insolvency Act. A consumer proposal will impact your credit report — but the proposal itself, as well as its credit impact, won’t lead to immigration issues. Canadian immigration authorities do not consider your credit score or past … Continue reading Will a Consumer Proposal Affect My PR Application in Canada?
A consumer proposal is an incredibly valuable tool for relieving your debts. You can have some of your debts forgiven without enduring the same financial repercussions as a bankruptcy. However, as many Canadians kickstart their own small businesses, it becomes harder to understand what debts qualify for a consumer proposal. Popular questions we get are … Continue reading Consumer Proposal for Business Owners: What You Should Know
Escaping from Payday Loans: A Consumer Proposal Story June 2016 Bob Hauck, 4 Pillars Consulting Group, Kamloops, BC Jason was in trouble and he knew it! He didn’t have much debt – really only about $10,000.But it was the worst kind of debt…payday loans. Much like the 1980’s cult classic movie, “Escape from New York”, … Continue reading Escape from Payday Loans
How will a Bankruptcy or a Consumer Proposal affect your credit rating? If you are searching for answers to your debt problems, you may have looked into bankruptcy or a consumer proposal. You might know a little about what each of those options can do for you, but how do they impact your future credit … Continue reading How will a Bankruptcy or a Consumer Proposal affect your credit rating?
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