CONSUMER PROPOSAL IN ST. ALBERT, ALBERTA
If you’re researching a consumer proposal in St. Albert, you already know that living with debt is not easy. If you feel like you’re still not heading in the right direction, MNP LTD. can help. Drawing on our skills, knowledge and experience, we will give you options to turn your situation around for the better.
For more than 50 years, our customized debt solutions – from bankruptcy services to debt consolidation – have helped thousands of Canadians achieve financial stability. Schedule a FREE, confidential consultation with us now and see how we can help you address your debt situation.
There is 1 office near you
How our solutions can work for you
As a more positive, proactive course of action than declaring bankruptcy, a consumer proposal is suitable for people with unsecured debts of less than $250,000. When you take this option, your local Licensed Insolvency Trustee in St. Albert will contact your creditors and arrange a single monthly payment option for a set period of time. In some cases, you could even end up paying back less than what was initially owed. Investigate your options by calling us for a FREE, confidential consultation with your local MNP LTD. Licensed Insolvency Trustee in St. Albert.
You could benefit from our services if:
- You can’t afford to pay your debts in full but your income can cover a single monthly payment
- Your financial troubles are causing you stress
- Wage garnishments are affecting your take-home pay
Other MNP-administered solutions
Our commitment to delivering reliable and impartial financial assistance to Canadians dates back more than 50 years. Since then, we've dedicated ourselves to helping Canadians overcome their debts. Your local MNP LTD. office in St. Albert is your go-to source for tailored solutions, including consumer proposals, debt consolidation, informal debt settlements and more.
Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
Debt consolidation combines your debt into a single monthly repayment so that you can pay off multiple creditors.
Under the Orderly Payment of Debt (OPD) program the court will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
There are many ways you can restore your credit. Together, the advantages and disadvantages of each of your options will be reviewed.