Posted under Consumer Proposal
Change.
Ok, there are no direct costs to file a consumer proposal. As an administrator of the consumer proposal, we are paid via a government tariff – tariff is a fancy word the government uses that means “ to be paid from the amount offered to the creditors”. That way, the trustee remains independent and unbiased throughout the entire proposal process. To read more on consumer proposal costs, please see this article at comsumer-proposals.org.
So what do I mean about “Change?” Well, a Consumer Proposal is a formal offer to deal with one’s debts through one monthly payment. The offer requires one to include all unsecured creditors. Therefore, individuals and couples are going to experience changes in their finances. Most people use credit cards, line of credits and overdrafts as part of everyday living. Well, after filing a consumer proposal, change is required because the cash system becomes king again, just like our grandparents and great grandparents once had.
A Consumer Proposal deals with one’s debts, but it is what that person does in their future that will decide how beneficial the consumer proposal was. Yes it deals with the debts, but we control our future. The more someone is able to change, the more benefit they will receive in the future. Cash management, spending patterns, wish lists, savings, etc. all need to be considered and changed as needed. Live is never easy or fair, but we can make the best of what we have. A consumer proposal is a government option to allow Canadians to obtain a fresh financial start – a new start. What are you going to change for your future?
Change, education, plan, discipline. These all become essential to make a future that you can base your goals around. In reading my last blog, you can see how Jack and Samatha from Kitchener used a consumer proposal to deal with their debts and then changed over time by learning and developing different cash management techniques to provide themselves with a stress free budget.
Plan your future now. Look at your situation and decide if change is something you need to build the future you want. If so, you can call me at 519-747-0660 or send me an e-mail to discuss your situation and options.
