Posted under consumer proposal
I’ve met with a number of seniors in Kitchener recently that find they are struggling with high debt loads. Debts may have carried over from a time they were working, but reduced income may make it almost impossible to keep up. In some cases, insufficient income tax is deducted from a pension which adds to the financial stress when a tax bill arrives.
The possibility of health care requirements that may not be covered by benefit plans just increases the problem. Without resources such as equity in a home or personal investments, some seniors are finding that they simply don’t have enough income to go around. High interest rates, phone calls from creditors and embarrassment at not being able to adequately provide for themselves have left some seniors overwhelmed at a time in their lives when they should be enjoying retirement.
If you are a senior experiencing any of these problems contact us in Kitchener at 519-747-0660 or at 310-PLAN (no area code required) for a free consultation with one of our professionals. Offering a proposal to creditors is one example of how we could help you to develop a plan to get your financial life back on track.
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