Because creditors are not being paid according to the original terms of your agreements with them when accepting less than what they are owed and/or being repaid over a longer period of time, they will not likely do business with you in the future.
In addition, the consumer proposal will be reported on your credit report for 3 years from the date it is paid in full.
Itsâ€™ worth reading, cause Iâ€™m aware of unit trust investment now.
As introductory, Iâ€™m female, age 33, working in a factory. Iâ€™m in debt of personal loan, housing loan, credit card loan. Debt 2; housing loan, balance is 12 years, mthly is RM 850, rates(forgot).
I'm trying to open a small used car dealer and they need funding to do so.
Hi, Mr Lau, First of all, many thanks to you for giving me the free e-book.
Coupons are a great way to save money and get the best deals possible.So, I received an offer in the mail last week for a Discover Personal Loan.I know people have different issues with the different credit card companies, but Discover is one that I've found to be fair (for the most part) throughout the years.One of the drawbacks of filing a consumer proposal vs.taking out a consolidation loan is that it will impact your credit and your relationship with your creditors.