Planning for the FuturePlanning for the Future


About Me

Planning for the Future

Financial planning is something I prefer to leave to the professionals! My name is Jason Linder. I am a general contractor, and my wife is a dance teacher. We are fortunate in that we can put money aside for retirement. What we don’t know is what the best means of saving and planning for our future are. We have a financial planner that we meet with once every six months. We go over our accounts and talk about different options and investments. Our financial planner has also helped us determine what the best life insurance plans are and other ways we can plan now for our future. I’m going to share some of the information we have found to be helpful. I hope that you too will find it to be of use. Thanks for stopping by my website.

Have A Lot Of Debt? Information About Using Consumer Proposal Secured Debt Services

If you have a lot of debt, this can be very stressful. This is especially true if you are having problems repaying the money that you owe. You can get some relief by hiring consumer proposal secured debt services. Below is more information about this so that you can decide if it would benefit you.

Consumer Proposal Debt Services

When you hire a consumer proposal debt service, they will determine the amount of money you owe. In order to do this, they will ask you to bring all loan statements, such as credit card statements or statements from personal loans you may have. The debt service will first determine the interest rates you are paying as well as if you are late on any of your payments. Once the consumer proposal debt services have all the information they need, they will start to devise a plan to help you get out of debt quicker than you could on your own. 

Once all information is acquired, the debt service will work with your creditors to come to an agreement of what you need to pay. In some cases, creditors may allow you to pay less. The agreement you and your creditors come up with will have to be approved by a court of law. 

You will have to pay a fee for the debt service. How much this is will depend on the company that you hire as well as how much debt you have. 

Helpful Information About Consumer Proposal Debt Services

You cannot include all debts in a consumer proposal. For example, in most cases, you cannot include a student loan. This is especially true if you have not had the loan for a long length of time. You can include mortgage payments if you are behind as well as all credit cards you owe, personal loans, and much more. 

If you have secured debits like a car loan, these cannot be included in your consumer proposal. You also cannot include assets that are tied to the secured debts, such as a house or a vehicle. This is because creditors look at them as assets that you could sell to pay back the debt quicker.

If you fail to make an agreed-upon payment, you will not be able to apply for another consumer proposal. Instead, you would need to declare a bankruptcy instead. This happens if you miss a certain amount of payments, such as three in a row. 

Talk to the consumer proposal secured debt services company that you hire to learn much more.