I met with an elderly lady (whose daughter came in with her for support) to see if there was anything we could do for her and her husband.
Together, this couple only has one joint credit card, but because of health issues her husband was recently admitted to a nursing home. The home is costing them two thirds of their combined net income and barely leaving enough for his wife’s own living expenses.
Her daughter tried calling the credit card company to see if there was anything they could do for her parents.
The amount that they were able to pay was not even covering the minimum payment because they had exceeded the credit card’s limit. Collection proceedings would soon commence.
After looking at the different options and reviewing their combined, assets, income and living expenses it was clear that a joint consumer proposal was their best option.
We were able to help this couple with a joint consumer proposal and settle their debt with dignity.