A consumer proposal is often worth it when your debt feels overwhelming and you need a safe, affordable way to move forward.
The proposals lowers what you owe, stops collections, and gives you one predictable monthly payment. Many people choose a proposal because it protects their income, protects their assets, and provides a clear path to stability.
A consumer proposal can reduce the total amount you repay and freeze all interest the moment it’s filed. This means your balance stops growing, and every payment goes directly toward your proposal. Most people find the savings alone make the proposal worth it, especially when compared to credit cards, consolidation loans, or trying to catch up on their own.
Consumer Proposals & Debt Freedom
A consumer proposal is especially valuable if you’re dealing with:
If these apply, a proposal is worth considering because it reduces pressure and protects your income right away.
A proposal gives you strong legal protection. Creditors must stop calling, stop charging interest, and stop garnishing your wages. You also keep your assets, including your home, car, RRSPs, and personal belongings. For many people, this protection is one of the biggest reasons a proposal is worth it.
Your payment stays the same from start to finish, usually over three to five years. This makes budgeting easier and removes the stress of juggling many due dates. You also have the option to pay off the proposal early if things improve.
A consumer proposal does show on your credit report, but many people start rebuilding before the proposal ends. The required counselling sessions help you learn simple steps to improve your score safely. While there is a credit impact, it’s often much better than letting debt continue to grow.
There are times when a proposal might not be the best fit. It may not work well if:
Your trustee will explain these situations clearly and help you compare other options.
The best way to know if a consumer proposal is worth it is to look at your stress level, your debt load, and whether one simple payment would give you relief. For most people who reach this point, the proposal is worth it because it provides structure, protection, and a fresh financial start.
All unsecured debts, credit cards and unsecured loans can be applied to a consumer proposal, getting you completely debt free in 5 years or less!
This consumer proposal calculator shows an approximate of how much you could save.
If you’re feeling overwhelmed by debt and not sure where to start, the best thing you can do is talk to someone who understands.
Call now and speak directly with me — Kelly Dey — for clear, honest advice that’s tailored to your situation. There’s no pressure and no judgment. We’ll look at your options together and create a plan that helps you breathe again. Getting started is easier than you think, and one simple conversation can put you back in control of your money and your life.
Let’s take that first step today, call 905-721-7506.
A. Monthly payments vary, but many people pay between $150 and $350 depending on income and debt level. The trustee helps you choose an amount that fits your budget.
A. For many people, yes. The credit impact is temporary, and most begin rebuilding before the proposal ends. The long-term benefit of stopping collections and reducing debt often outweighs the short-term credit hit.
A. No. You can pay off your proposal early without penalties. Many people choose this option to finish sooner and rebuild credit faster.
Insolvency Trustee – Kelly Dey
If you’re feeling weighed down by money or debt issues, give me a call at 905-721-7506 and lets just have conversation.
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Stephanie L.
5 days ago
★★★★★ I couldn’t believe how affordable the consumer proposal was. My payment dropped to something I could manage, and all the interest stopped right away. It saved me thousands.
Jonathan R.
1 week ago
★★★★★ I thought the costs would be high, but everything was included in one monthly payment. There were no up-front fees and no surprises. The proposal was worth every dollar.
Diana P.
2 weeks ago
★★★★★ The consumer proposal cut my debt almost in half and froze the interest. My payment is the same every month, and I finally feel like I’m moving forward.
Mark Villiers
3 weeks ago
★★★★★ What impressed me most was how predictable the cost was. One payment, no penalties, and no hidden fees. I even plan on paying it off early.
Helen W.
1 month ago
★★★★★ I saved money, stopped interest, and avoided bankruptcy. The cost of the proposal was far less than any other option I looked at. I’m very grateful for the help.
Rise Above Your Debt!
Call 905-721-7506
