[et_pb_section fb_built=”1″ admin_label=”Banner Image with Heading and Text” module_class=”vertical-align” _builder_version=”4.16″ background_color=”#e7dff3″ use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_stops=”rgba(91,37,175,0.44) 15%|rgba(91,37,175,0) 70%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(91,37,175,0.44)” background_color_gradient_start_position=”15%” background_color_gradient_end=”rgba(91,37,175,0)” background_color_gradient_end_position=”70%” background_image=”https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/09\/talking-to-a-trustee_hero.jpg” min_height=”550px” bottom_divider_style=”wave2″ bottom_divider_color=”#e7dff3″ bottom_divider_height_tablet=”70px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” background_last_edited=”on|phone” background_size_phone=”cover” background_position_tablet=”top_right” background_position_phone=”center_right” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row custom_padding_last_edited=”on|phone” admin_label=”Row” _builder_version=”4.16″ background_enable_image=”off” max_width=”100%” custom_margin=”||||false|false” custom_padding=”||90px||false|false” custom_padding_tablet=”” custom_padding_phone=”||80px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Heading” _builder_version=”4.16″ text_font=”|600|||||||” text_font_size=”42px” text_line_height=”1em” text_orientation=”center” background_layout=”dark” module_alignment=”center” custom_margin=”||26px|||” custom_padding=”0px|||||” animation_direction=”top” text_text_shadow_style=”preset2″ global_colors_info=”{}”]Consumer Proposal[\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.16″ text_font_size=”22px” text_line_height=”1em” text_orientation=”center” background_layout=”dark” module_alignment=”center” custom_margin=”||||false|false” custom_padding=”||0px||false|false” animation_direction=”bottom” text_text_shadow_style=”preset2″ global_colors_info=”{}”]An alternative to bankruptcy.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”Intro Paragraph” _builder_version=”4.16″ background_color=”rgba(91,37,175,0.15)” custom_padding=”0px||2px|||” custom_padding_tablet=”||22px||false|false” custom_padding_phone=”||38px||false|false” top_divider_style_last_edited=”off|desktop” bottom_divider_color=”#ffffff” bottom_divider_repeat=”1x” bottom_divider_flip=”horizontal|vertical” bottom_divider_style_tablet=”” bottom_divider_style_phone=”” bottom_divider_style_last_edited=”on|phone” bottom_divider_height_tablet=”70px” bottom_divider_height_phone=”100px” bottom_divider_height_last_edited=”on|phone” bottom_divider_flip_tablet=”” bottom_divider_flip_phone=”horizontal” bottom_divider_flip_last_edited=”on|phone” da_disable_devices=”off|off|off” collapsed=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ width_tablet=”80%” width_phone=”80%” width_last_edited=”on|desktop” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”%%20%%” use_home_icon=”off” use_home_text=”on” show_custom_taxonomy_crumbs=”off” _builder_version=”4.27.4″ body_text_color=”rgba(102,102,102,0.8)” link_text_color=”rgba(42,209,61,0.8)” custom_margin=”||40px||false|false” custom_padding_tablet=”” custom_padding_phone=”20px||||false|false” custom_padding_last_edited=”on|phone” animation_direction=”left” global_module=”6437″ saved_tabs=”all” global_colors_info=”{}” link_text_color__hover_enabled=”on|hover” link_text_color__hover=”rgba(90,39,178,0.4)”][\/et_pb_dmb_breadcrumbs][et_pb_text admin_label=”H1 Heading” _builder_version=”4.27.4″ custom_margin=”||0px|||” custom_padding=”||2px|||” animation_direction=”bottom” global_colors_info=”{}”]<\/p>\n
A consumer proposal is a legal agreement between you and your creditors to repay part of the debt that you owe. The arrangement is governed by Canada’s Bankruptcy and Insolvency Act<\/em><\/a> and the courts and is proposed to your creditors by a licensed insolvency trustee as an alternative to you declaring personal bankruptcy. The amount that the trustee will propose you repay is largely based on your income and what you own when you file a consumer proposal. What makes consumer proposals attractive is their potential to significantly reduce the amount of debt (including credit card debt and other forms of unsecured debt) you’re required to pay your creditors. However, this comes at a cost.<\/p>\n A consumer proposal can only be arranged by a government licensed bankruptcy trustee<\/a>. It costs about $750 to file a proposal, and if it’s accepted by creditors, it costs another $750 to proceed. The trustee also retains 20% of future payments under this arrangement as a fee for administering the proposal. To be legally binding, the secured or unsecured creditors who hold the majority of an individual’s debt must agree to the proposal. Once they do, the agreed amount is repaid typically over 4 to 5 years. The maximum repayment length possible is just under 5 years.<\/p>\n While a consumer proposal is an alternative to declaring personal bankruptcy, it’s promoted by some as an option to lower monthly debt payments, consolidate unsecured debts into one monthly payment, and eliminate personal debts. While these are great reasons to consider pursuing a proposal, it’s also important to consider the drawbacks and other alternatives to filing a proposal. This will help you make sure you’re making the right decision that you’ll be satisfied with in the long run.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”130px||40px|||” top_divider_style=”ramp2″ top_divider_color=”#e7dff3″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n All debt or interest relief alternatives to bankruptcy have both advantages and disadvantages and are not suitable for everyone. Some of the pros and cons of filing for a consumer proposal are outlined below.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”22px|||||” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#e4f8e0″ custom_padding=”150px||60px|||” top_divider_style=”wave2″ top_divider_color=”#ffffff” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” custom_padding_last_edited=”on|phone” module_id=”apply-for-credit” module_class=”custom_row” _builder_version=”4.16″ width_tablet=”80%” width_phone=”80%” width_last_edited=”on|phone” custom_padding=”0px||||false|false” custom_padding_tablet=”32px||65px||false|false” custom_padding_phone=”36px||66px||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” animation_style=”slide” animation_direction=”left” animation_intensity_slide=”2%” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_image src=”https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/09\/reading-debt-letter_2colm.jpg” alt=”reading debt letter” title_text=”reading-debt-letter” align_tablet=”center” align_phone=”” align_last_edited=”on|phone” _builder_version=”4.20.2″ max_height=”500px” max_height_tablet=”600px” max_height_phone=”” max_height_last_edited=”on|phone” custom_margin=”||-1px|||” custom_margin_tablet=”0px||33px||false|false” custom_margin_phone=”||37px||false|false” custom_margin_last_edited=”on|phone” border_radii=”off|200px|20px|200px|20px” box_shadow_style=”preset2″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ module_class=”vertical-align second-on-mobile” _builder_version=”4.16″ animation_direction=”left” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ custom_margin=”0px||||false|false” animation_direction=”top” global_colors_info=”{}”]<\/p>\n Consumer proposals have become the latest method for a growing number of for-profit companies and their sales people to take advantage of vulnerable, unsuspecting consumers. Don’t let this happen to you!<\/p>\n Many debt relief companies are now claiming to offer consumer proposals as an easy way to get out of debt. But there’s a problem.<\/span><\/p>\n Only a licensed bankruptcy trustee is allowed to file paperwork for a consumer proposal.<\/strong><\/p>\n The debt relief companies charge thousands in fees only to refer you to a bankruptcy trustee who then charges his or her own fees.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ prev_background_color=”#e4f8e0″ _builder_version=”4.16″ background_color=”#ffffff” custom_padding=”150px||70px|||” top_divider_style=”wave2″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row make_equal=”on” custom_padding_last_edited=”on|phone” module_id=”apply-for-credit” module_class=”custom_row” _builder_version=”4.16″ width_tablet=”80%” width_phone=”80%” width_last_edited=”on|phone” custom_padding=”0px||||false|false” custom_padding_tablet=”42px||56px||false|false” custom_padding_phone=”42px||51px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” animation_direction=”left” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ custom_margin=”0px||||false|false” animation_direction=”top” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” next_background_color=”#ffffff” _builder_version=”4.16″ background_color=”#e7dff3″ custom_padding=”140px||120px||false|false” custom_padding_tablet=”119px||||false|false” custom_padding_phone=”93px||||false|false” top_divider_style=”ramp2″ top_divider_color=”#ffffff” top_divider_height=”200px” top_divider_flip=”vertical|horizontal” top_divider_height_tablet=”” top_divider_height_phone=”60px” top_divider_height_last_edited=”on|tablet” bottom_divider_style=”wave2″ bottom_divider_height_tablet=”70px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Once you enter into a consumer proposal, a special notation is placed on your credit report<\/a> in the public records section. Anyone who you allow to look at your credit report can see the public records section. The notation indicating that you’ve filed a consumer proposal is almost identical to the bankruptcy notation. Most banks and credit unions see them both as the same thing. This makes it extremely difficult to borrow money from a bank or credit union for the many years this notation stays on someone’s credit report.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” module_id=”avoid-overdraft” module_class=”custom_row” _builder_version=”4.16″ width_tablet=”80%” width_phone=”80%” width_last_edited=”on|phone” custom_margin=”-12px|auto||auto||” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”1_2″ module_class=”vertical-align second-on-mobile” _builder_version=”4.16″ animation_direction=”left” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ custom_padding=”20px||||false|false” custom_padding_tablet=”0px||||false|false” custom_padding_phone=”” custom_padding_last_edited=”on|phone” animation_direction=”top” global_colors_info=”{}”]<\/p>\n In addition to this, it’s possible that your creditors will report an \u201cR7\u201d rating on any debt included in the proposal. This “R7” rating means that creditors are receiving your payments through a third party.<\/p>\n In this instance, the third party would be your trustee. When you send a payment to your trustee, they distribute the agreed upon dollar amounts to all of your creditors once all applicable fees have been paid.<\/p>\n If you’re making payments to secured creditors (like for a car loan), then outside of your consumer proposal, those creditors will report on those debts separately. Creating and sticking to a realistic budget will make this easier.<\/p>\n Maintaining a good payment history on a secured debt while you’re making your proposal payments will help you re-build credit afterwards.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ module_class=”first-on-mobile” _builder_version=”4.16″ animation_style=”slide” animation_direction=”right” animation_intensity_slide=”2%” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_image src=”https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/09\/using-realistic-budget-to-pay-on-time_2colm.jpg” alt=”realistic budget to pay” title_text=”using-realistic-budget-to-pay-on-time” align_tablet=”center” align_phone=”” align_last_edited=”on|phone” _builder_version=”4.20.2″ custom_margin_tablet=”” custom_margin_phone=”||-15px||false|false” custom_margin_last_edited=”on|phone” custom_padding_tablet=”47px||25px||false|false” custom_padding_phone=”||||false|false” custom_padding_last_edited=”on|phone” animation_style=”slide” animation_direction=”right” animation_intensity_slide=”2%” border_radii=”off|200px|20px|200px|20px” box_shadow_style=”preset2″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” background_color=”#ffffff” custom_padding=”29px||50px|||” bottom_divider_color=”#5B25AF” bottom_divider_height_tablet=”80px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_margin=”||0px|||” global_colors_info=”{}”]<\/p>\n There are quite a number of options between financial difficulty and bankruptcy. A consumer proposal might be one good option for some people, but it’s not the best option for everyone. Especially if you’re asking a question like, “How will a consumer proposal affect my credit rating?” To find out what other options you have, speak with one of our professionally trained Credit Counsellors today, in person or over the phone. Our appointments are free, non-judgmental, and completely confidential.<\/p>\n To ask us some questions or to make an appointment to speak with a Counsellor, phone us in Canada at 1-888-527-8999. You can also email<\/a> or chat with us online<\/a> right now.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ prev_background_color=”#ffffff” next_background_color=”#5b25af” disabled_on=”on|on|on” admin_label=”CTA – 9 Question Quiz” _builder_version=”4.25.1″ _module_preset=”default” background_color=”#5B25AF” custom_padding=”150px||150px|||” top_divider_style=”wave2″ top_divider_flip=”horizontal” top_divider_height_tablet=”” top_divider_height_phone=”” top_divider_height_last_edited=”on|phone” bottom_divider_style=”wave2″ bottom_divider_flip=”vertical” bottom_divider_height_tablet=”70px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” bottom_divider_flip_last_edited=”off|desktop” da_disable_devices=”off|off|off” disabled=”on” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Title” _builder_version=”4.22.0″ text_font=”|700|||||||” text_text_color=”rgba(255,255,255,0.7)” text_font_size=”30px” text_line_height=”1em” header_font=”||||||||” header_text_color=”#ffffff” header_2_font=”Montserrat|700||on|||||” header_2_font_size=”42px” header_2_line_height=”1.3em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” background_layout=”dark” max_width=”60%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|desktop” module_alignment=”center” animation_direction=”bottom” animation_duration_tablet=”1000ms” animation_duration_phone=”” animation_duration_last_edited=”on|tablet” text_text_shadow_style=”preset2″ inline_fonts=”Work Sans” global_colors_info=”{}”]You Probably Have Other Options[\/et_pb_text][et_pb_text admin_label=”Title” _builder_version=”4.22.0″ text_font=”|700|||||||” text_text_color=”rgba(255,255,255,0.9)” text_font_size=”30px” text_line_height=”1em” header_font=”||||||||” header_text_color=”#ffffff” header_2_font=”Montserrat|700||on|||||” header_2_font_size=”42px” header_2_line_height=”1.3em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” background_layout=”dark” max_width=”60%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”-15px||||false|false” animation_direction=”bottom” animation_duration_tablet=”1000ms” animation_duration_phone=”” animation_duration_last_edited=”on|tablet” animation_delay_tablet=”1000ms” animation_delay_phone=”” animation_delay_last_edited=”on|tablet” text_text_shadow_style=”preset2″ inline_fonts=”Work Sans” global_colors_info=”{}”]See What They Are[\/et_pb_text][et_pb_text admin_label=”Subtitle” _builder_version=”4.23.4″ text_text_color=”#ffffff” text_font_size=”18px” text_line_height=”1.6em” header_font=”||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” max_width=”60%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|desktop” module_alignment=”center” min_height=”79px” custom_margin=”-15px||||false|false” animation_direction=”bottom” animation_duration_tablet=”1500ms” animation_duration_phone=”” animation_duration_last_edited=”on|tablet” animation_delay_tablet=”2000ms” animation_delay_phone=”” animation_delay_last_edited=”on|tablet” text_text_shadow_style=”preset2″ global_colors_info=”{}”]<\/p>\n You may have an idea of how to resolve your financial situation, but it’s very possible that other viable debt relief options are available to you – other options that could potentially resolve your situation more quickly, with far more privacy, or with less impact to your credit and career. Every option has pros and cons, but it’s worth taking a few minutes to see what your options look like and whether you think you’d like to look into any of them further. If you can take just a few minutes to answer 9 short questions, you can see what options may be available to you.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/nomoredebts.org\/financial-tools-resources\/debt-quiz-assessment-tool-medium” button_text=”See My Options” button_alignment=”center” _builder_version=”4.23.4″ custom_button=”on” button_text_color=”#ffffff” button_bg_color=”#2ad13d” button_border_width=”2px” button_border_radius=”8px” button_font=”|600|||||||” button_icon=”5||divi||400″ z_index=”1″ animation_style=”fade” animation_duration=”2000ms” animation_starting_opacity=”30%” animation_duration_tablet=”1000ms” animation_duration_phone=”” animation_duration_last_edited=”on|tablet” global_colors_info=”{}” button_text_size__hover_enabled=”off|desktop” button_text_color__hover_enabled=”on|hover” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”RGBA(255,255,255,0)” button_bg_enable_color__hover=”on” button_text_color__hover=”#2AD13D”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”CTA Generic – Purple” _builder_version=”4.25.1″ background_color=”#5b25af” background_image=”https:\/\/nomoredebts.org\/wp-content\/uploads\/2024\/05\/debt-consolidation-and-relief-doors-with-options-8.jpg” max_width=”100%” min_height=”1000px” max_height=”1100px” custom_margin=”||||false|false” custom_padding=”100px||1px||false|false” custom_padding_tablet=”45px||30px||false|false” custom_padding_phone=”35px||||false|false” top_divider_style=”ramp2″ top_divider_color=”#FFFFFF” top_divider_height=”110px” top_divider_height_tablet=”50px” top_divider_height_phone=”40px” top_divider_height_last_edited=”on|phone” bottom_divider_style=”ramp2″ bottom_divider_color=”#E4F8E0″ bottom_divider_height=”150px” bottom_divider_style_last_edited=”off|tablet” bottom_divider_height_tablet=”80px” bottom_divider_height_phone=”70px” bottom_divider_height_last_edited=”on|phone” scroll_blur=”0|40|60|100|100px|0px|0px” background_last_edited=”off|desktop” background_size_tablet=”cover” background_size_phone=”cover” background_position_tablet=”center” background_position_phone=”center” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” height=”400px” height_tablet=”450px” height_phone=”450px” height_last_edited=”on|phone” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#5B25AF” text_font_size=”30px” text_line_height=”1em” header_font=”||||||||” header_text_color=”#ffffff” header_2_font=”Montserrat|700||on|||||” header_2_font_size=”42px” header_2_line_height=”1.3em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” background_layout=”dark” max_width=”60%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|desktop” module_alignment=”center” animation_duration_tablet=”1000ms” animation_duration_phone=”1000ms” animation_duration_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n You Probably Have Multiple Options<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”rgba(91,37,175,0.6)” text_font_size=”30px” text_line_height=”1em” header_font=”||||||||” header_text_color=”#ffffff” header_2_font=”Montserrat|700||on|||||” header_2_font_size=”42px” header_2_line_height=”1.3em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” background_layout=”dark” max_width=”60%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”-15px||||false|false” animation_duration_tablet=”1000ms” animation_duration_phone=”1000ms” animation_duration_last_edited=”on|tablet” animation_delay_tablet=”1000ms” animation_delay_phone=”1000ms” animation_delay_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n See What They Are<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” text_text_color=”#666666″ text_font_size=”18px” text_line_height=”1.4em” header_font=”||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”1″ text_orientation=”center” max_width=”80%” max_width_tablet=”80%” max_width_phone=”90%” max_width_last_edited=”on|desktop” module_alignment=”center” min_height=”79px” custom_margin=”-15px||||false|false” text_font_size_tablet=”17px” text_font_size_phone=”16px” text_font_size_last_edited=”on|tablet” text_line_height_tablet=”1.3em” text_line_height_phone=”1.3em” text_line_height_last_edited=”on|phone” animation_duration_tablet=”1500ms” animation_duration_phone=”1500ms” animation_duration_last_edited=”on|tablet” animation_delay_tablet=”2000ms” animation_delay_phone=”2000ms” animation_delay_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n It’s very possible that a number of viable debt relief options are available to you to resolve your financial situation and carve out a path to becoming debt free. This could include resolving your situation with far more privacy and with less impact to your credit and career than filing for a consumer proposal with the courts. Every option has pros and cons, but it\u2019s worth taking a few minutes to see what your options look like and whether you think you\u2019d like to look into any of them further. If you can take just a few minutes to answer some short questions, you can see what options may be available to you.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/nomoredebts.org\/financial-tools-resources\/debt-quiz-assessment-tool-medium” button_text=”See My Options” button_alignment=”center” admin_label=”Button 2″ _builder_version=”4.25.1″ _module_preset=”default” custom_button=”on” button_text_color=”#ffffff” button_bg_color=”#2ad13d” button_use_icon=”off” background_layout=”dark” animation_style=”fade” animation_duration=”2000ms” animation_starting_opacity=”30%” hover_transition_speed_curve=”ease-in-out” custom_css_main_element=”min-width: 170px;” locked=”off” global_colors_info=”{}” button_border_radius__hover_enabled=”on|hover” button_border_radius__hover=”8px” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#2AD13D” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”RGBA(255,255,255,0)” button_bg_enable_color__hover=”on”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|phone” next_background_color=”#ffffff” _builder_version=”4.25.1″ _module_preset=”default” background_color=”#e4f8e0″ custom_margin_tablet=”||||false|false” custom_margin_last_edited=”off|tablet” custom_padding=”50px||120px||false|false” custom_padding_tablet=”||2px||false|false” custom_padding_phone=”||1px||false|false” top_divider_height_tablet=”70px” top_divider_height_phone=”” top_divider_height_last_edited=”on|phone” bottom_divider_style=”wave2″ bottom_divider_flip=”horizontal” bottom_divider_height_tablet=”70px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”||130px|||” bottom_divider_style=”ramp2″ bottom_divider_color=”#5b25af” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n The\u00a0Credit Counselling Society<\/a>\u00a0is an award winning,\u00a0non-profit credit counselling service provider<\/a>\u00a0with [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”CTA – 2 Column w\/form on Purple” _builder_version=”4.27.4″ background_color=”#5b25af” background_enable_image=”off” z_index=”0″ max_width=”100%” custom_margin_tablet=”||0px||false|false” custom_margin_phone=”||0px||false|false” custom_margin_last_edited=”on|phone” custom_padding=”70px||90px||false|false” custom_padding_tablet=”0px||40px||false|false” custom_padding_phone=”0px||30px||false|false” top_divider_height=”180px” top_divider_flip=”horizontal” top_divider_height_tablet=”100px” top_divider_height_phone=”” top_divider_height_last_edited=”on|phone” bottom_divider_color=”#e7dff3″ bottom_divider_height=”150px” bottom_divider_style_last_edited=”off|tablet” bottom_divider_height_tablet=”80px” bottom_divider_height_phone=”70px” bottom_divider_height_last_edited=”on|phone” scroll_blur=”0|40|60|100|100px|0px|0px” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”3_5,2_5″ use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” custom_padding_last_edited=”on|phone” admin_label=”Service Section Title” _builder_version=”4.27.2″ width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” module_alignment=”center” custom_margin=”|auto||auto|false|false” custom_padding=”30px||||false|false” custom_padding_tablet=”200px||100px||false|false” custom_padding_phone=”200px||||false|false” animation_direction=”top” locked=”off” global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|50px||50px|false|false” custom_css_main_element=”margin: auto;” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Title” _builder_version=”4.27.2″ text_font=”|700|||||||” text_text_color=”#ffffff” text_font_size=”30px” text_line_height=”1em” header_font=”||||||||” header_text_color=”#ffffff” header_2_font=”Montserrat|700||on|||||” header_2_font_size=”42px” header_2_line_height=”1.3em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_orientation=”center” background_layout=”dark” max_width=”700px” module_alignment=”center” custom_margin=”||||false|false” custom_padding=”10px||||false|false” animation_direction=”bottom” inline_fonts=”Work Sans” global_colors_info=”{}”]<\/p>\n Speak with a non-profit credit counsellor.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Subtitle” _builder_version=”4.27.2″ text_font=”||||||||” text_text_color=”#ffffff” text_line_height=”1.8em” header_font=”||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_orientation=”center” max_width=”430px” max_width_tablet=”” max_width_phone=”” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”|||” custom_padding=”25px||25px||false|false” animation_direction=”bottom” global_colors_info=”{}”]<\/p>\n Between financial difficulty and bankruptcy are many options. At a time like this, it can be helpful to sit down with an knowledgeable credit counsellor who can talk through all your options and make a plan to resolve your difficulties. Once you can see your way out, you can regain your peace of mind and move forward with confidence.\u00a0<\/p>\n [\/et_pb_text][et_pb_button button_url=”\/contact-us#options” button_text=”Talk with us” button_alignment=”center” _builder_version=”4.27.2″ _module_preset=”default” custom_button=”on” button_bg_color=”#2ad13d” button_use_icon=”off” global_colors_info=”{}” button_border_radius__hover_enabled=”on|hover” button_border_radius__hover=”8px” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”RGBA(255,255,255,0)” button_bg_enable_color__hover=”on” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#2AD13D”][\/et_pb_button][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.27.2″ background_color=”#4e128c” animation_direction=”right” custom_css_main_element=”margin: auto;” border_radii=”on|8px|8px|8px|8px” global_colors_info=”{}” custom_padding__hover=”|||” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”margin-top: 80px;” custom_css_main_element_phone=”margin-top: 80px;||margin-left: 20px;||max-width: 360px;”][et_pb_code module_id=”cta-form-1″ _builder_version=”4.27.4″ _module_preset=”default” module_alignment=”center” hover_enabled=”0″ global_module=”50730″ saved_tabs=”all” global_colors_info=”{}” sticky_enabled=”0″]Advantages and Disadvantages of Filing a Consumer Proposal<\/h2>\n
Advantages<\/h3>\n
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Disadvantages<\/h3>\n
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Beware of the Big Debt Rip-Off<\/h2>\n
How to Prevent Getting Ripped Off<\/h2>\n
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How a Consumer Proposal Can Impact Your Credit<\/h2>\n
Contact Us for More Information About Filing for a Consumer Proposal in Canada<\/h3>\n
Related Articles of Interest<\/h3>\n
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Related Links<\/h3>\n
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