Do you want to consolidate your debts without another loan? Well, here’s an option.
What is a Consumer Proposal?
A Consumer Proposal is a type of debt consolidation strategy which does not involve a new loan. Federally licensed trustees administer this formal process and it becomes a legally binding arrangement, once accepted by majority (dollar value) of the creditors.
The federally appointed Licensed Insolvency Trustee considers your situation and recommends an appropriate proposal which may be paying part of what you owe, extension of your debt term, or both. You make monthly payments to the trustee who in turn distributes the same to your creditors, periodically.
How does a consumer proposal benefit you?
Are you looking for debt relief?
We, at Debt Mitigation Canada, welcome everyone who wants assistance with debt relief.
Choose a Debt Free Life
With Debt Mitigation Canada, you can leave all your financial worries aside. Choose a debt free life – a stress free life!