Alternatives
Explore Your Consumer Proposal Options
This page brings together important information about consumer proposals. Here, you will find details on who can qualify, how long a consumer proposal lasts, and how it works. You will also learn about the benefits and possible risks of choosing this option. Whether you are thinking about a consumer proposal or seeking ways to manage your debt, these resources will help you understand your choices. Check out the links below to learn more about consumer proposals and how they can help you achieve financial security.
Everything You Need to Know About Consumer Proposal Alternatives
| Topic | Description |
|---|---|
| Bankruptcy | Bankruptcy can eliminate most of your debts but has a serious impact on your credit score. |
| Debt Settlement | Debt settlement involves negotiating with creditors to pay a lump sum less than what you owe. |
| Debt Consolidation | Debt consolidation combines multiple debts into one loan with a lower interest rate, making payments easier. |
Alternatives covered in this section for Consumer Proposals
