6 Easy Steps On How To File A Consumer Proposal In Ontario

Large debt can be overwhelming and often requires outside help to get from under. In Canada, Consumer Proposals are the number one option for debt relief. In this video, Maureen Parent, a Licensed Insolvency Trustee with Hoyes, Michalos, & Associates, explains the simple steps of filing a Consumer Proposal in Ontario.

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00:09 - Intro
00:38 - Step 1: Recognizing the Need for Help
01:26 - Step 2: Creating Your Personalized Proposal
01:58 - Step 3: Filing the Proposal and Stopping Interest
02:11 - Step 4: Creditor Voting Process
02:43 - Step 5: Making Payments and Financial Counseling
03:16 - Step 6: Completing Your Consumer Proposal
03:46 - Credit Score Concerns Answered
04:10 - Conclusion

#debt #debtfree #debtfreejourney #consumerproposal #ontario #consumerpropsalontario #canada #debtrelief #personalfinance

[hoyesmichalos]

00:09 - Intro
00:38 - Step 1: Recognizing the Need for Help
01:26 - Step 2: Creating Your Personalized Proposal
01:58 - Step 3: Filing the Proposal and Stopping Interest
02:11 - Step 4: Creditor Voting Process
02:43 - Step 5: Making Payments and Financial Counseling
03:16 - Step 6: Completing Your Consumer Proposal
03:46 - Credit Score Concerns Answered
04:10 - Conclusion

[cleanairninja]

The consumer proposal is a life altering strategy. Once you learn to live within your means, as you pay off the proposal, it changes your mental outlook on money and you can easily KEEP living within your means and save money after the proposal is paid off. If your credit cards are with the major banks, I recommend opening up a credit union account to avoid any possible hassles with the banks that are involved in the proposal. That's what I did and I had zero issues.