A consumer proposal for single parents is often the most realistic way to manage debt on a one-income budget.

Raising children alone is expensive, and when debt payments stack on top of childcare, housing, transportation, and groceries, it becomes impossible to keep up. A proposal reduces what you owe, freezes interest, and gives single parents a predictable payment that makes life more manageable.

Single parents face financial challenges that two-income households do not.

Consumer Proposals & Single Parents

Covering all living costs alone leaves very little room for unexpected bills, and credit often fills the gap.

Debt becomes overwhelming for single parents when:

• Childcare costs take up a large portion of income, leaving little room for debt repayment.
• Unexpected expenses like school fees, medical bills, or car repairs drain emergency savings.
• Credit cards and lines of credit become the only option to stay afloat.
• Income drops due to reduced work hours or time needed for parenting.
• Collection agencies become aggressive because payments are behind.

A consumer proposal for single parents gives you structure, protection, and breathing room when every dollar matters.

How a Consumer Proposal Reduces Debt for Single Parents

A proposal allows single parents to settle unsecured debts for less than the full amount and replace multiple bills with a single affordable payment. This is especially helpful when raising kids on your own.

A proposal helps by:

• Cutting the total debt, often to around 30% of what you owe.
• Freezing interest immediately so the balance stops growing.
• Stopping collection calls and providing legal protection.
• Spreading payments over up to 60 months to keep monthly costs low.
• Including credit cards, payday loans, tax debt, and more in one plan.

The predictable monthly payment helps single parents budget confidently without fear of sudden increases.

How a Proposal Supports Long-Term Stability for Single Parents

A consumer proposal for single parents is more than debt reduction—it creates stability during an already challenging time.

Once the proposal is filed:

• Your income is protected because wage garnishments must stop.
• Collectors cannot contact you, which reduces stress at home.
• You can rebuild your credit with structured payments.
• You regain control of your bank account and monthly cash flow.
• Your children benefit indirectly because financial stress decreases.

This gives single parents the foundation to create a healthier financial future for themselves and their families.

When a Proposal Is Better Than Trying to Manage Alone

Many single parents try to keep up with debt by juggling payments, cutting essentials, or borrowing again.

A proposal is usually the better option when:

• Your income cannot support current payments without sacrificing essentials.
• You are relying on credit every month to cover groceries or childcare.
• Interest charges are growing faster than you can pay them down.
• Stress from debt is affecting your wellbeing or your time with your children.
• You want a clear legal plan that protects your income and stops pressure.

A consumer proposal for single parents creates a path forward that doesn’t involve more debt or more stress.

This consumer proposal calculator shows an approximate of how much you could save.