Financial Information
Is it possible to do Debt Consolidation on payday loans while in a consumer proposal?
I’m currently in a consumer proposal with a remaining balance of $7000, I recently got my self cought up in 4 payday loans worth $2000 and i’m stuck in the payday cycle. My question is, is it possible to get a debt consolidation done on these payday loans while in my proposal. I can not get a loan anywhere because of the consumer proposal. Thanks
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#2 written by Galaxy Material 1 year ago
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#4 written by Helen Peterson 1 year ago
Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
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thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
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#5 written by BigMissle 1 year ago
I have honestly never heard of a consumer proposal, but if I can think my way through the definition, I know it will entail you negotiating your loan balance and payoff type and time. So I wouldn’t attempt to consolidate a loan you are proposing to payoff in the near future..seems like a catch 22 to me.
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