Let’s be real: it starts innocently.

A few too many brunches on 17^th Ave.

A weekend getaway to Banff that turned into a “treat for you to your friends” trip.

Add a few things. Online shopping or window shopping can build enough mountain tricks that you can’t climb easily, same as you breathe while climbing on the Sulphur Mountain trail.

Here’s the kicker: most of us don’t even realize we’re slipping into financial trouble until it’s way too real. Fun doesn’t feel so fun when minimum payments are eating your whole paycheck, and interest is stacking up.

This is where the Consumer Proposal steps in, like your financially responsible best friend who still lets you have pizza night.

So, what is a Consumer Proposal?

A consumer proposal is a legal agreement that helps you repay a portion of your debt over time, without going bankrupt. You work with a Licensed Insolvency Trustee and bloom: lower monthly payments, no interest, and a plan that works.

Advantages of Consumer Proposal:

• Lower Payments – You keep some breathing room in your budget.
• Keep Your Stuff – Your car, your house, your mountain road trips? Usually safe.
• No More Irritating Calls – Creditors stop calling. Instantly.
• No More Interest – It’s like freezing your debt in place.
• Credit Rebound Starts Sooner – You can start rebuilding while paying things off.

These wonderful advantages of consumer proposal Calgary can have with few terms and conditions.

Consumer proposals in Canada can often reduce unsecured debts by significant amounts, sometimes up to 70-80%. However, these reductions depend on several factors, including your income, assets and the specific creditors involved. It’s essential to consult a Licensed Insolvency Trustee to assess your unique situation and determine the potential benefits of a consumer proposal for you.

Consumer Proposal Myths-Busted!

There is a lot of misinformation out there. Let’s clarify some common misconceptions:

Myth: It’s as harmful as bankruptcy.

Fact: A consumer proposal is far less damaging. You avoid losing assets and have less impact on your credit.

Myth: You’ll lose your car and house (asset).

Fact: Most people keep their essential assets. The goal is to help you get back on track, not take everything away.

Myth: Your credit is ruined forever.

Fact: While your credit takes a hit, many people start rebuilding while still in the proposal and finish with a stronger score than they had before.

We Can Help

At Credit720, we help Calgarians and all Canadians take control of their finances without giving up everything they love. Our team will provide you with expert opinions, multiple options, and suitable strategies to overcome financial burdens.

Visit Credit720 to get started. Your fresh start is just one click away.