It is not the responsibility of the Licensed Insolvency Trustee (LIT) to dictate how people should or could spend their monthly income. That choice must be your responsibility. For many people on fixed income, tracking your spending allows them to make a plan to pay all of their monthly expenses and reduce their stress level. Unfortunately, there is often no disposable income but monthly expenses are paid and you receive peace of mind. Putting your debts into one monthly payment will help you achieve that goal.
Most people do not want to incur future debt. They want to find a solution to their financial burden and remain debt free. When the banks are unable to help, you should find a solution that will be legally binding on your creditors, whether it is a Consumer Proposal or Bankruptcy. Exelby & Partners Ltd. will help you to find the best solution to consolidating your credit payments into one monthly payment and assist you in freeing yourself from credit or debt stress.