I’m currently experiencing hardship with my debt levels and looking to see a trustee. I’m over $60K in debt between several credit cards, a line of credit, overdraft and student loans. The debt is my fault from living beyond my means and periods of unemployment. For several months in the past year I have been transferring balances between credit cards in a stupid attempt to save on interest and maintain good credit. Also in the last two years my spending has gotten out of control (not on luxury purchases mostly food and household goods and H&M clothes etc ) and two of week long vacations in the past year. I’m now at the point where I can no longer reasonably pay my minimum fees with my income level. I was researching a consumer proposal as I do not want to declare bankruptcy and I want to pay my creditors back. I’m worried that my spending habits (which I intend to get counseling for) and balance transfers will be viewed by my creditors as ‘fraudulent’ and that I had no intention of paying back…which is NOT the case. Any suggestions?
