Answers

Tips, Tricks, Help & Relief Options

Dealing with debt often brings many questions, and you’re not alone in seeking answers. On this page, we’ve gathered the most common questions about debt in Canada based on the real-life experiences of people just like you. From understanding how debt affects your credit to exploring available relief options, these questions reflect many Canadians’ genuine concerns.

Financial Solutions for Canadians

We aim to provide clarity and reassurance, reminding you that you’re not alone. Many others are walking the same path, and together, we can navigate these financial challenges to find a way forward.

Have a question you’d like to ask? Want to ask it anonymously? Ask any question about debt anonymously, and we’ll get back to you as soon as possible with an answer. Ask a debt question.


What is the success rate of consumer proposals in Canada?

What is the success rate of consumer proposals in Canada?

consumer proposal
Discover the success rate of consumer proposals—70-80%! Learn about their effectiveness in debt management and how to improve your chances. Read now!
How much can you save with a consumer proposal?

How much can you save with a consumer proposal?

consumer proposal
Discover how much a consumer proposal can save you on unsecured debt! Learn about debt management solutions and find out if this option is right. Read now!
How can I withdraw or get a discharge from a consumer proposal?

How can I withdraw or get a discharge from a consumer proposal?

consumer proposal
Discover how to exit a consumer proposal in Canada with our step-by-step guide. Learn about discharges and the implications for your financial future. Read now!
Can you successfully recover from a consumer proposal?

Can you successfully recover from a consumer proposal?

consumer proposal
Recovering from a consumer proposal is possible! Learn how to boost your credit score and build a better financial future. Read now for expert tips!
Can a consumer proposal improve my credit score?

Can a consumer proposal improve my credit score?

consumer proposal
Discover how a consumer proposal can impact your credit score. Learn how your score can rise after completion by adopting smart financial habits. Read now!
Will I lose my house under a consumer proposal?

Will I lose my house under a consumer proposal?

consumer proposal
Worried about losing your home during a consumer proposal? Discover how to protect your house while managing debt. Read now for peace of mind!
Do you lose your credit cards during a consumer proposal?

Do you lose your credit cards during a consumer proposal?

consumer proposal
Wondering if you lose your credit cards after a consumer proposal? Discover what happens to your access and learn about rebuilding your credit. Read now!
What are the criteria for a consumer proposal in Canada?

What are the criteria for a consumer proposal in Canada?

consumer proposal
Discover the criteria for a consumer proposal in Canada! Learn what qualifies you and how an insolvency trustee can help. Read now to ensure you're prepared!
Does the CRA Recognize Consumer Proposals for Tax Debts?

Does the CRA Recognize Consumer Proposals for Tax Debts?

consumer proposal
Discover how consumer proposals can help you manage tax debts with the Canada Revenue Agency. Learn more about this smart debt solution now!
Can a collection agency take my furniture under exemption laws?

Can a collection agency take my furniture under exemption laws?

debt management plan
Discover how debt collection agencies in Canada can't take your essentials thanks to exemption laws. Learn more about your rights and protect your belongings!