Blog

Financial information and news from Paul J. Pickering and Associates

Blog

What are the 5 main options for getting out of debt?

October 20th, 2020

1) Dig yourself out of debt through better money management and debt consolidation loans.
This can be difficult due to fees, interest and penalties. Also many financial institutions are reluctant to give loans to individuals with a poor history of payment issues.

5 Questions That Can Help Determine if a Consumer Proposal is Right for You

September 11th, 2020

Q: Are you struggling to meet obligation or pay off all of the amount of money you have to repay?
A: A consumer proposal may allow you to compromise your outstanding debt to resolve your financial difficulties etc.

Q: Would you like additional time to pay your debts?
A: A consumer proposal allows you to repay your debt over up to a five year period.