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blog
- Zero-Based Budgeting: Every Dollar Counts
- Your Home Is A Business, Couples And Money: Part 5
- What Should You Do After You Paid Off Your Debt?
- Never Entertain The Feeling That You Deserve Something
- Will Minimalism Aid You To Become Debt-Free?
- Why Do Debt Service Ratios Matters?
- Reason Why Credit Card Interest Charges are High
- Which Type of Debt Should You First Repay?
- Where To Save and Splurge On Halloween Stuff
- What To Check For in a Debt Relief Company
- What You MUST Do Amidst A Financial Windfall
- What You Need To Know About Paying Off Debt
- What Does It Mean To Be In Debt?
- What is the Snowball Method of Paying Down Debt?
- What Is Insolvency?
- Being On A Budget For Valentine’s Day Does Not Mean Being Cheap
- Understanding What Is Compound Interest
- Understanding If A Debt Settlement Approach is the Right Solution
- Useful Tips For First Time Home Buyers
- Tips To Wipe Out Your Credit Card Debt in Canada
- Tips On How To Pay Off Your Student Loans Real Fast
- CRA Tax Tips To Get Your Return Completed On Time
- The Reasons Why Payday Loans Are Terrible Financing Choice
- Things You Should Regularly Get at a Dollar Store
- The Actual Price Of Lending Money To Family
- The Situation Regarding Student Loans Debt in Canada
- The Key to Smashing Your Debt Before it Smashes You
- How I Paid off $40,000 In A Matter Of Two Years
- A Proof That Debt Snowball Works!
- Are Their Expenses In Breaking Up?
- The Best Budgeting Tools For Entrepreneurs
- Three Things You Need Other Than Money To Pay Off Your Debt
- TFSA vs. RRSP: Where You Can Start To Save For Retirement
- Educating Your Kids About Debt
- How To Tackle Your Holiday Debt
- 5 Ways On How You Can Save This Summer
- Halt Money Fights Before It Fires Up, All About Couples And Money: Part 2
- Statistics Attest the Growing Debt-to-Income Ratio of Canada
- The Best Time To Start Your Retirement Savings Plan
- Learning The Basics of Personal and Family Budgeting
- How To Save Money By Slashing Your Bills
- Earn More Money #3: Should You Put Your House For Rent In Airbnb?
- The Argument of Investing In RRSP And Paying Off Debt
- Is It A Good Idea To Get An Extended Warranty?
- Small Business and Self-Employed Taxes Overview
- Avoid Debt: Learn To Say No To Payday Loans
- Is It A Good Idea To Get RRSP Loans?
- Your Assumptions On Debt
- Paying Your Credit Card Minimum Payment Will Do Nothing
- Pay Down Your Debt with the Avalanche Method
- Negotiate For Lower Interest Rate While You Pay Off Your Debt
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- A Frugal Tips For A Fun Winter
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- How Can I Manage Debt Through Difficult Times?
- Ways on How to Lower Your Credit Card Interest Rates
- Dealing With Financial Infidelity
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- How To Review Your Credit Score
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- How Parents’ Debt Stirs Their Children
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- The Fastest Way To Stay Focused On Your Goals
- Money Talk With Your Romantic Partner
- Determining Good Debt From Bad Debt
- Align Your Personal Finances and Keep It On Track
- Frugal Advice: Ripping Your Cell Phone Bill
- Frugal Advice: Cutting Back On Your Food Budget
- Frugal Lifestyle Over Big Wins
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- Frugal Dating With NO Shame and Embarrassment
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- Cool Budgeting Apps To Manage Your Spending
- File Bankruptcy or Debt Consolidation – What Does it Take?
- Facing Your Debt Problems
- What You Need To Know About The CRA Biz App
- Emergency Funds: What and How Much You Need
- Useful Ways To Improve Your Credit Score
- Think About Earning Money As A Teenager
- Put an End to the Bondage of Recurring Expenses
- Facts on Mortgages: Does Mortgage Count as Debt?
- All About Disability Tax Credit or DTC
- Determine Where You Can Cut Back In Your Budget
- Defining Debt: Etymology, Terms, Categories And Borrowers
- Repaying Debt: Paying The High Interest Debt or Debt Snowball?
- Managing Debt: The Avalanche Vs. Snowball Method
- Debt And Depression – Identify The Warning Signs
- Make More Money by Just Cutting Back on Coffee
- Credit Ratings Overview
- Co-Signing A Loan: The Risk and Consequences
- Christmas Spending, How To Avoid Christmas Debt
- Convincing Your Partner To Change, All About Couples and Money: Part 4
- Rejoice Your 2019 Victories And Plan For Greater Gains In 2020
- Canadians Resistance in their Appetite For Debt
- The Gradually Increasing Household Debt In Canada
- Start Building an Emergency Fund and Say No to Debt
- Budgeting: Nature and Purpose of Budgeting
- Explore The Best Budgeting Apps For All Canadians
- Spender Vs. Saver, All About Couples and Money: Part 1
- Are Students Loans A Good Debt?
- Are Credit Card Points True Rewards or They’re Just Costing You?
- Apple Card: An Easier and Cashless Way to Make Purchases
- An Introduction To The Tax-Free Savings Guide
- Activity-Based Budgeting: What, Who, When and How
- 5 Ideas to Recreate Your Social Life While Paying Your Debt
- 5 Useful Tips on How You Can Avoid Devious Debt Settlement Companies
- 5 Useful Tips on How You Can Pay Off Your Student Loan
- Income Tax Receivable or Income Tax Payable
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- Ways To Propel Yourself To Pay Off Debt
- Mistakes That You Must Avoid When Working To Get Rid of Your Debt
- 10 Things You Are Overspending Without Knowing
- 8 Personal Finance Blogs to Follow
- The Cost of Debt Settlement Program
- What is Debt Settlement?
- How Long Does it Take for a Debt Settlement?
- How Debt Settlement Affect Your Credit?
- How Debt Settlement Program Works?
- Do You Qualify For a Debt Settlement?
- Can I Negotiate a Debt Settlement On My Own?
- Debt Settlement in Canada, Debt Settlement Program for Canadians
- How Can I Qualify for a Debt Consolidation Loan?
- Do I Have to Consolidate My Debt?
- What You Need to Know About Debt Consolidation
- What Are The Interest Rates For Debt Consolidation Loans?
- Debt Consolidation Loans, How Does it Works?
- Can I Still Get a Debt Consolidation Loan Even with Poor Credit?
- Debt Consolidation Loans, Consolidating Your Debts in Canada
- What is Credit Counselling?
- How can a Consumer Credit Counselling Agency Help Me?
- Is Consumer Credit Counselling Service The Best Option For Me?
- How Long Will it Take for a Consumer Credit Counselling?
- What is the Impact of Credit Counselling on My Credit?
- Consumer Credit Counselling, How Does it Work?
- Credit Counselling and Debt Settlement
- Canadian Debt Counselling Services – Credit Counselling
- Consumer Proposal in Yukon, Facts about Consumer Proposals in Yukon
- Facts on Filing Consumer Proposals in Saskatchewan
- Consumer Proposal in Quebec, Facts on Consumer Proposals in Quebec
- Facts about Consumer Proposal in Prince Edward Island
- Consumer Proposal in Ontario, Filing a Consumer Proposal in Ontario
- Facts about Consumer Proposals in Northwest Territories
- Consumer Proposal in Nunavut, Facts on Consumer Proposals
- Facts on Consumer Proposals in Nova Scotia
- Consumer Proposal in Newfoundland, Facts about Consumer Proposal in NL
- Consumer Proposal in New Brunswick, Facts about Consumer Proposal in NB
- Consumer Proposal in Manitoba, Facts about Consumer Proposal in Manitoba
- Consumer Proposal in BC, Facts about Consumer Proposal in British Columbia
- Consumer Proposal in Alberta, Facts about Consumer Proposal in Alberta
- Pointers To Consider When Designing A Consumer Proposal
- The Basics of Consumer Proposals, Understanding The Process and Outcome
- How Will a Consumer Proposal Impact My Credit Report?
- How Much Debt is Required To File a Consumer Proposal?
- How Can I Avoid a Consumer Proposal Annulment?
- How Does a Consumer Proposal Works?
- Comparing A Consumer Proposal over Bankruptcy
- Is It Possible To File For A Joint Consumer Proposal?
- Consumer Proposals in Canada, What is a Consumer Proposal?
- Calculating Annual Cost and Spending Habits in Canada
- Calculating Debt to Income Ratio, What Does the DTI Ratio Tell You?
- Debt Repayment, Methods and Philosophies of Debt Reduction
- Debt Consolidation Calculation, How to Pay off Debt in Canada
- Debt Calculation, All about Debt Payments for Canadians
- Credit Card Debt Calculation, All about Credit Card Debt in Canada
- Debt Payment Calculation, How to Calculate Debt Repayments
- Yukon Bankruptcy, Basics about Filing for Bankruptcy in Yukon
- Saskatchewan Bankruptcy, Basics about Filing for Bankruptcy in Sask
- Quebec Bankruptcy, All about Filing for Bankruptcy in Quebec
- PEI Bankruptcy, Filing For Bankruptcy in Prince Edward Island
- Ontario Bankruptcy, Information for Filing Bankruptcy in Ontario
- NWT Bankruptcy, Bankruptcy Filing in Northwest Territories
- The Statistics of Personal Bankruptcy in Canada
- Who Will Find Out That I Filed Bankruptcy in Canada?
- How To Live Life After Bankruptcy?
- How Much Will it Cost to File for Bankruptcy in Canada?
- What is Personal Bankruptcy?
- What Happens To My Debt When I Claim Bankruptcy in Canada?
- What Should I Do During Bankruptcy?
- What are the Causes of Bankruptcy?
- Bankruptcy Basics: Is Filing Bankruptcy The Right Choice?
- Bankruptcy, How Long Does It Take?
- How do I Qualify for Bankruptcy?
- Understanding Bankruptcy Exemptions: Your Property and Assets
- Credit Card Debt in Canada: How to Pay off Credit Card Debt
- Legal Debt Guide, Debt Relief Alternatives for Canadians
- Debt Relief Guide, Best Debt Management for Canadians
- What is Personal Bankruptcy in Canada?
- What Is A Licensed Insolvency Trustee?
Uncategorized
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
1 | Personal loan | $8,000 |
2 | Credit card 1 | $6,812 |
3 | Tax Debts | $5,399 |
4 | Overpayments | $5,200 |
5 | Overdraft | $700 |
Total Owed | $30,204 |
Your Monthly Repayments Would Be
Before
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $748
(total contractual repayments)
After
a Consumer proposal $295
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
Reduced by
60%
60%
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.