Consumer Proposal ServicesWith our consumer proposal services, we can help you secure a better financial future and ultimately help you avoid bankruptcy. However, before you take advantage of our consumer proposal services, you will likely have questions about how the process works and how it will affect your financial situation. Here are the answers to some of the most common questions we get asked about consumer proposals at Morgan & Partners Inc.

Are All Debts Eligible?

Not all of your debts can be included in your consumer proposal. For example, student loans are generally not considered eligible for a consumer proposal, especially if they were acquired recently.

Is Creditor Approval Guaranteed?

Your creditors are not required to accept your consumer proposal. During the process, each of your creditors will consider your personal circumstances and determine if, according to their own guidelines, they are willing to accept or negotiate your consumer proposal.

How Will My Credit be Affected?

After you file a consumer proposal, it will remain on your credit report for a certain number of years. Keep in mind that how the presence of a consumer proposal on your credit report affects your overall credit score is highly dependent on what else is on this report.

If you have any questions about our consumer proposal services and what you need to do to file a consumer proposal, please reach out to us. We would be more than happy to go over this process with you in further detail and answer any additional questions you might have.