CampMart | Bankruptcy Explained

"Financial Freedom" is a concept that very few Canadians have been able to declare with confidence, but "Bankruptcy" is a term many of them know all too well. Bills keep on filling up the mailbox, collection agencies call incessantly, and the items that you require for everyday living are items that you can no longer afford. Over the past decade, thousands of Canadians have chosen to file for bankruptcy in hopes to decrease their required debt payments. In 2013, 22,731 Ontario residents filed for bankruptcy according to the Office of the Superintendent of Bankruptcy Canada. Unfortunately, along with completing the bankruptcy process and making monthly payments, many people believe that due to their unstable financial history, they are no longer qualified to own an RV. Thankfully this is not the case. CampMart is providing Canadians with the ability to own an RV without the worry or a headache.

Bankruptcy is a process that can affect your future purchases and a company's trust in you, whether it is purchasing another home, renting an apartment or applying for an RV loan. Bankruptcy is a process that no one wants to go through, but it can allow you to eliminate the debts that you are just unable to pay. Filing for bankruptcy involves meeting with a trustee who will assess your financial situation, assigning all assets to your trustee, and speaking with the Office of the Superintendent of Bankruptcy Canada. What many do not realise is that the process does not have to end there! Through working with a CampMart Financing Professional, you will work together to find yourself an RV that fits all of your needs in a secure and timely manner. Visiting any one of CampMart's Ontario locations is the perfect starting point to begin the exciting process of buying an RV! Don't let your financial situation hold you back from the freedom and fun that an RV can give you.

Working closely with a CampMart Financing Professional, they will:

• Ensure that your credit report is in order
• Determine a monthly payment plan that you know you can afford
• Speak with lenders on your behalf that specialise in bankruptcy RV loans to get you the best rate possible

Bankruptcy is a part of life that many people have learned to embrace, but it does not mean that you can't the summer RV'ing with your friends and family. CampMart is an excellent resource that can show you how to proceed if you have filed for bankruptcy and are hoping to own an RV. Furthermore, CampMart has several programs that are in place to help you rebuild your credit and regain confidence in your financial situation. Bankruptcy does not last for your entire life, so don't let it affect your future.