- 7 Easy Steps in Applying for Bank Loans
https://sites.google.com/view/bankloanspage/blog#h.p_1mYkuZdtTTzn7 Easy Steps in Applying for Bank Loans https://sites.google.com/view/bankloanspage/blog#h.p_1mYkuZdtTTzn0 Comments 0 Shares 235 Views 0 ReviewsPlease log in to like, share and comment! - Top 5 Ways to Solve Credit Card Debt
https://doylesalewskiinc.tumblr.com/post/179436876788/top-5-ways-to-solve-credit-card-debtTop 5 Ways to Solve Credit Card Debt https://doylesalewskiinc.tumblr.com/post/179436876788/top-5-ways-to-solve-credit-card-debt0 Comments 0 Shares 247 Views 0 Reviews - Important Things to Know for Credit Card Debt
https://medium.com/@doylesaleswskiinc/important-things-to-know-for-credit-card-debt-7a49c5b86f22Important Things to Know for Credit Card Debt https://medium.com/@doylesaleswskiinc/important-things-to-know-for-credit-card-debt-7a49c5b86f22MEDIUM.COMImportant Things to Know for Credit Card Debt – Doyle Salewski Inc. – MediumA credit card is essential in everyday life. It gives convenience in all your payments. It helps you to pay all your bills easily if you…0 Comments 0 Shares 240 Views 0 Reviews - 5 Best Benefits of Developing a Consumer Proposal
https://consumerproposalsblog.wordpress.com/2018/08/29/5-best-benefits-of-developing-a-consumer-proposal/5 Best Benefits of Developing a Consumer Proposal https://consumerproposalsblog.wordpress.com/2018/08/29/5-best-benefits-of-developing-a-consumer-proposal/Being in debt is a situation we all don’t want to find ourselves in. But when the going gets rough, you’re not left with many options. Sometimes, you really need to borrow some money or even apply for a loan. The next thing you’ll need to worry about after is to find debt help and pay off that amount.
In some cases, you’ll need the help of consumer proposals in Ottawa. Basically, it’s a formal, legally binding process that is administered by a Licensed Insolvency Trustee. They will work with you to develop a proposal where you offer to pay your creditors a portion of what you owe to them and even extend the period you’ll need to completely pay them off. What it does is it keeps you away from bankruptcy.
Listed below are the top benefits of a consumer proposal:
1. Debt Reduction
One of the best advantages of creating a consumer proposal has to be debt reduction. In developing it, you’ll need to negotiate the terms of repayment, which includes reducing the amount you owe.
You might be wondering why your creditor should agree to that. This is because he doesn’t want you to go bankrupt as it could mean never being able to receive any payment from you. Additionally, if you file for bankruptcy, your assets will go towards paying your creditors. Most of the time, they’re not enough to cover those debts.
2. Debt Management
One of the reasons why you should get debt help is so you can have a professional assistance. Being on the brink of bankruptcy can become really terrifying. Debt management allows you to have a good look at your current financial circumstances and the ways to make it better.
When you get debt consumer proposal, you can extend your repayment period so you can finally avoid collection agents from contacting you.
3. To Stop Interest Payments and Wage Garnishments
Once your proposal has been accepted, the accumulation of interest will stop. The same goes for your wage garnishments.
A wage garnishment is when your creditor obtains a court order for your employer. This demands a portion of your salary is paid directly to your creditors rather than to you. Not only is it embarrassing, but it can also potentially scar your employment opportunity.
4. It Leaves a Less Severe Impact on Your Credit Score Rather than a Bankruptcy
Officially declaring your bankruptcy means you’ll get an R9 rating on your credit score for the next 6 years. It will definitely negatively impact your chances of getting loans or mortgages. However, a consumer credit proposal will only give you an R7 score, which is less severe because it only lasts up to three years.
In doing so, you’ll need the help of firms like Doyle Salewski Inc. Their agents will help you properly negotiate with your creditors so paying off your debts won’t leave a scratch on your finances.
5. Protecting Your Assets
Setting up a repayment plan that you can manage easily protects your assets. Additionally, once you’re back on track and started making more money, you’ll continue to make payments according to your payment plan and consumer proposals in Ottawa.
Wondering where to get a consumer proposal? You can visit your local debt solutions provider. To ensure that it’s the right option for you, make sure to talk with their agents and explain your situation. It’s also important to be completely honest and not leave out a single detail so you can be provided with other options if necessary.
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http://consumerproposalspage.blogspot.com/2018/09/5-essential-benefits-of-getting.html5 Essential Benefits of Getting a Consumer Proposal http://consumerproposalspage.blogspot.com/2018/09/5-essential-benefits-of-getting.htmlCONSUMERPROPOSALSPAGE.BLOGSPOT.COM5 Essential Benefits of Getting a Consumer ProposalWhen you are in debt, you must pay all of it accordingly. This means on or before the due date to avoid the accumulated interests. You can d...0 Comments 0 Shares 249 Views 0 Reviews - 8 Things to Know About Credit Counselling
https://www.behance.net/gallery/70616439/8-Things-to-Know-About-Credit-Counselling8 Things to Know About Credit Counselling https://www.behance.net/gallery/70616439/8-Things-to-Know-About-Credit-Counselling0 Comments 0 Shares 250 Views 0 Reviews - 0 Comments 0 Shares 232 Views 0 Reviews