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Considering Bankruptcy / Re: Business failure
« Last post by Broken_wallet on Today at 03:52:38 PM »
Every experience I've had directly with a trustee has seemed like they're out for a higher profit at your expense (my bankruptcy was a sham - they raked me over the coals on it. I was young and stupid, but scared of my debt at the time), and they want your creditors to recover as much income as possible. I respect what they're doing, but I found a debt help type place to be a lot better. The credit counselling society had me file a CP for 1/3 what the trustee thought I should be paying, I was so happy. A bankruptcy won't be much different, and if they can find you an option outside of that, they will.
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Your best bet would be contract a trustee or a credit counselling society, explain to them everything and see what they think you should do. I filed a consumer proposal for ~25k, the trustee wanted me to file one for $400/month, the credit counsellors opened at $150 and ended up getting it down to $135. You have options, don't be afraid. I know it's been awhile since you posted, hopefully you are still doing okay.
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Consumer Proposals / Re: Finally filed a consumer proposal
« Last post by Broken_wallet on Today at 03:46:12 PM »
Capital One never replied on my proposal either (may 2017) and they were my largest creditor. The other ones all voted yes.
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Consumer Proposals / Re: Counselling sessions?
« Last post by Broken_wallet on Today at 03:42:40 PM »
It really depends on who you use for it. I've had to file a bankruptcy in the past, and last year I filed a consumer proposal. My bankruptcy sessions were budget-oriented, about an hour each, and discussed how to keep within my budget without credit. I also had to provide budget slips every month. We also talked about re-establishing credit after discharge. This was direct with a trustee and they were alot more cutthroat about things.

Counselling sessions with my consumer proposal - the first one was pretty much all about budget, an hour or so long, we also reviewed how I was doing financially, discussed any financial strains I had and how I could fix them. The second session we looked at my credit report, checked in to see how I was doing financially, discussed my options for credit-building post-proposal, also tips & tricks to keep myself afloat and cut budget costs to keep from becoming insolvent again. All in all, very informative and thorough, I felt both sessions were very valuable.
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Consumer Proposals / Re: Counselling sessions?
« Last post by Jennykk on January 13, 2018, 07:26:45 PM »
I think Jennykk  and I both used 4Pillars which would be the reason why the counselling was different.

I still talk to 4Pillars all the time for advise and help.

We also got 1 year free at Equifax from them.

 We are a client for life with no more charges and I can call them anytime.

Yes! I used 4P.
There were errors in my credit report. 4P prepared the letter and sent it to the bureau.
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Consumer Proposals / Re: 1 year this week our proposal was paid off....
« Last post by Jennykk on January 13, 2018, 07:24:34 PM »
I have 2 Mastercards from Capital One.  I had an original secured card that turned into a Gold MC. I took a chance on applying for a Costco MC.  To my surprise, I got it.  I had an Affirm card, but decided to cancel it. On principle, I couldn't pay $144 annual fee and 40% interest (even though I never ran a balance).  The only other card I applied for was an Amazon Visa.  I got declined.

Affirm is expensive. I pay $10 a month for using it. I pay off the balance every month.
I'll try the costco cap1.
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Consumer Proposals / Re: 1 year this week our proposal was paid off....
« Last post by Jennykk on January 13, 2018, 07:22:41 PM »
I have two cards that I applied for about a month after paying off my Consumer Proposal and was approved for both.

Capital One - Unsecured  (never had to get the secured card)
Canadian Tire MasterCard - had my limit increased twice now.

Both are great but I like my Canadian Tire card better then the Cap One as Can tire upped my limit multiple times whereas Cap One wont budge.

Cdn tire was part of my cp. I applied but got declined. :(
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Consumer Proposals / Re: Counselling sessions?
« Last post by Wetcoaster on January 12, 2018, 07:39:05 PM »
I think Jennykk  and I both used 4Pillars which would be the reason why the counselling was different.

I still talk to 4Pillars all the time for advise and help.

We also got 1 year free at Equifax from them.

 We are a client for life with no more charges and I can call them anytime.
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Consumer Proposals / Re: Counselling sessions?
« Last post by fireguy233 on January 12, 2018, 07:35:34 PM »
Haha yeah my whole session with the Trustee and such was garbage. As were the "counselling" sessions

It was a money grab pure and simple. Once I had completed my proposal and they had been paid any calls I put in to ask questions were never returned.

I had a creditor that was still persuing me after the proposal was paid out - told there was nothing they could do and to file a lawsuit..... so I did and won.

Just felt like once they had the money they wanted nothing to do with me again -  oh well its done and over with now. onwards and upwards

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Consumer Proposals / Re: 1 year this week our proposal was paid off....
« Last post by Wetcoaster on January 12, 2018, 07:35:12 PM »
Capital One was part of our proposal....but I did read somewhere that after 1 year you can apply to them again.  I think I will call them to find out.

I have a People's Trust secured card....my wife has the Affirm.

Her income is over $100,000.....we have a 0% car loan with $3900 left and a mortgage that we are paying.

My Telus Mobility bill also gets reported to both .

Will look into the Canadian Tire Card.
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