When your debts have become too much for you to handle financially or you find it hard to make more than the minimum payments on your debts each month, you have a few different options you can use to make your debt and finances more manageable. One of your options available to you may be a consumer proposal. You can turn to us at Morgan & Partners Inc. for help with that next step in resolving your debt. Here are a few things you can expect when you turn to us for a consumer proposal.
- Sound and personalized advice: When you turn to us for a consumer proposal, you can trust that we will give you sound and personalized advice. Our advisors will take the time to understand your financial situation and provide recommendations for next steps to reach your financial goals based on your specific financial situation. We can also provide any information you may need to further understand the process and goals of the process.
- Request a settlement plan: One of the first steps of the consumer proposal process will involve gathering all important documentation of your debts and other necessary information that will be needed to request a settlement plan from your creditors. The gathered documentation and official plan will help both you and your creditors to have a clear understanding of your total debt.
- Negotiate payments and payment plans: A consumer proposal will also involve negotiating a payment plan in a monthly amount you can afford as well as an extended repayment timeline that you can work with. We may also be able to negotiate a reduced interest or the total amount to be paid.
If you need help making your debts and payment plans more manageable, you can turn to us. We will always do our best to reach an agreement through our consumer proposal services that will benefit you and your financial situation. You can give us a call if you would like to learn more.