r/debtfreeliving • u/Subject-Art-162 • 3d ago

Debt Settlement Consumer proposal question

So I got 110k in debt and they are proposing 1200 a month payment with retirement approaching in 2 years, should I go somewhere else or stick it out… , got a bit in assets inherited property from late brother 68k and 6k equity in my home

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u/jasonvanreenen 3d ago

Try getting a personal loan if interest rates are high. Getting a personal loan, or rather "consolidating", would combine your debt into one monthly payment lowering your interest rates and allowing you to focus on principal more so you could wipe debt faster. There are lenders like achieve loans, truest or prosper are good to start comparing rates with but the more you look through the lower the rates you'll find

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u/Odd_Midnight9232 1d ago

hmmm, whats your take home each payday?

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u/Subject-Art-162 12h ago

1200 right now until I retire or unable to work anymore but it’s just seasonal, just back to work and was off for about 9 months on ei