If you are wondering how a consumer proposal works, our infographic makes the process easy to understand by looking at the 4 stages of a proposal:
Stage 1: Assessment & Payment Plan
Stage 2: Filing & Voting
Stage 3: Making Payments
Stage 4: Completion & Credit Repair
Credit reports and credit scores weigh heavily on the minds of consumers, especially when they need to borrow money for a house or a car or may need to file bankruptcy or a consumer proposal. Former lending professional Eric Putnam, Managing Director of Debt Coach Canada explains how credit reports work and how to rebuild poor credit.
Full transcript from our podcast Credit Reports, Credit Scores & Rebuilding For The Future [Start of recorded material] [00:00:00] Doug H: Welcome to Debt Free in 30, the show where every week we talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. Today we’ve got a great show for you because […]
Dealing with debt follows a pattern, with each step along the way part of the process. Bankruptcy trustee Howard Hayes explains the 5 steps most people face. Stage One – The Denial Long before you file a bankruptcy, you spend countless hours wondering what you’re going to do to stay on top of the debt load that’s […]
Download Brantford Bankruptcy Case Study PDF Sammy (not her real name) was able to achieve her dream job. Her mother had worked as a nurse in Brantford and she had grown up always wanting to follow in her mother’s footsteps. After completing her studies nine years ago, she was happy to work in a job […]
Blair Demarco-Wettlaufer, a Managing Partner for Kingston Data and Credit, a Canadian debt collection agency gives us the ins-and-outs of the collection world, including the typical life of a debt once it has gone to a collection agency and what your options are for dealing with collection calls.
Full Transcript for our Debt Free in 30 podcast, Stop the Collection Calls: Advice From Blair Demarco-Wettlaufer. Doug H: Welcome to Debt Free in 30 where every week we talk to industry experts about debt, money, and personal finance. Let’s play a word association game. Let’s pretend that you have debts and you’re behind on your […]
Are you carrying personal debt such as credit cards and lines of credit and just cannot pay it down? What is the trick to reducing debt? It’s a simple trick - you need to be paying it off faster than it accumulates. It sounds simple, but it’s hard to do. The following are a few […]
On this weeks segment, I was joined by Gail Vaz-Oxlade to look at practical strategies for dealing with debt and what people need to do to clean up a big debt mess. On the second part of our segment I talk with Ted Michalos about consumer proposals and why they are a beneficial debt solution.
Full Transcript for our two part segment, Clean Up Your Debt Mess with Gail Vaz-Oxlade and Ted Michalos. [Start of recorded material] [00:00:00] Doug H: Welcome to Debt Free in 30, where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. This show is […]
Don't ruin your new efforts to pay down your debt. Read our infographic to understand the top 6 reasons why you might sabotage your efforts this year.