Monthly Archives: October 2006

A consumer proposal is a formal legal settlement of your debts, negotiated between you and your creditors, and then approved by the court. Consumer proposals are a great solution to your money problems, but only in certain circumstances. First, you must be a resident of Canada, or have Canadian debts…. Read more

Credit counseling (which is called credit counseling in the United States, and credit counselling with two l’s in Canada and England) typically involves using the services of a credit counsellor to negotiate a settlement with your creditors. It’s called a debt management plan, and here’s how it works: Your credit… Read more