Consumer Proposal vs. Credit Counseling – Choose Wisely
People with debt problems often wonder – what is the difference between Credit Counselling (also known as a Debt Management Plan) and a Consumer Proposal? After all, they both are agreements with creditors to come up with new payment terms to help individuals pay off their debt.
In reality, while the two options seem alike on the surface, they are very different. In fact, so different that choosing the right one can mean paying your debt off twice as fast and with 50% less money.
Let’s take a look at the most powerful benefits of each option and see what is better for your particular situation:
While the above list is incomplete you should now have a general idea of how each option works and what may be better for your particular situation. If you’re ready to begin working towards resolving your debt problems we invite you to take us up on a free, no obligation consultation. We’ll answer any questions you may have and provide more details on the best debt management solution for your circumstances.
