{"id":40,"date":"2011-05-12T21:18:37","date_gmt":"2011-05-12T21:18:37","guid":{"rendered":"https:\/\/www.sands-trustee.com\/?page_id=40"},"modified":"2023-02-22T12:54:49","modified_gmt":"2023-02-22T20:54:49","slug":"consumer-proposals-vs-credit-counselling","status":"publish","type":"page","link":"https:\/\/www.sands-trustee.com\/personal-debt-consolidation\/consumer-proposals\/consumer-proposals-vs-credit-counselling\/","title":{"rendered":"Consumer Proposals VS Credit Counselling in BC"},"content":{"rendered":"

Many Canadians are surprised to learn that there are options that allow you to consolidate debt under one repayment plan without borrowing. With very few qualifiers and little-to-no interest costs, consolidating without borrowing can have significant advantages to helping you get out of debt \u2013 but not all solutions are created equal.<\/p>\n

Non-Borrowing Debt Solutions \u2013 Understand the Key Differences<\/h2>\n

As you compare and assess the debt management strategies available to you it is important to understand that although there are many types of debt help providers offering services, the Federal and Provincial governments only legally endorse, regulate and support the services and solutions that Licensed Insolvency Trustees provide.<\/p>\n

There are many advantages that often make a Consumer Proposal<\/a> a significantly better option for debt consolidation than taking out a traditional consolidation loan or working within a non-profit credit counselling debt repayment plan.<\/p>\n

While advertisements and \u2018programs\u2019 available through providers such as debt settlement agents and credit counsellors may sound a lot like a Consumer Proposal \u2013 they are in fact not the same process and will not afford you the important benefits of Consumer Proposals, nor of working with a qualified Licensed Insolvency Trustee.<\/p>\n

It should never cost you money to connect with a Licensed Insolvency Trustee and no referral is required to <\/em>book a free debt consultation<\/em><\/a> or discuss options for a debt-free plan. Confidential debt consultations with a BC Licensed Insolvency Trustee can be done via phone or video conferencing at your convenience. <\/em><\/p><\/blockquote>\n

Below is a summary of some of the main points of differentiation between working with a Licensed Insolvency Trustee to consolidate your debt with a Consumer Proposal<\/a> and choosing a credit counselling debt repayment plan.<\/p>\n

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Consumer Proposal
VS.<\/span> Credit Counselling<\/h2>\n

From cutting debt, to cost, to asset protection and more, when it comes to options for dealing with your debt, making a Consumer Proposal can be a better choice than a credit counselling debt repayment program.<\/p>\n

Compare key differences between debt solutions: consolidated credit counselling plans and debt consolidation with Consumer Proposals \u2013 some may come as a surprise!<\/p>\n

<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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\n Consumer Proposal\n <\/div>\n
\n Credit Counselling\n <\/div>\n <\/div>\n <\/div>\n
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\n Types of Debt Eligible\n <\/div>\n
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Virtually all types of debt may be consolidated in a Consumer Proposal, including but not limited to:<\/p>\n