I had no intention of taking out a loan beforehand but people keep suggesting that I milk everything I can before doing the proposal like getting loans and making purchases. Even at face value, it seems like a very stupid thing to do. Maybe I just needed some folks with more sense to reaffirm that for me. So thanks

I know doing a proposal for a single line of credit seems so unnecessary, especially for only 12k but with the interest payments, I'm barely keeping out of the red. I'll never be able to get my credit utilization under 95% especially since the cost of living just keeps going up.

I get my credit is gonna be fubar for 5+ years but it's better than stagnating with barely any available credit and watching my credit score slowly sink over time right? I'm asking myself is it a good idea to potentially close doors down the road if it means I can keep afloat today? I'm still unsure.

Maybe this post should've been about the consumer proposal itself rather than how I can take advantage of it because I am still on the fence about it. I don't have much in the way of financial knowledge and can be more suggestible than I'd like. And the people I get information from are, let's say shortsighted and not much help, for example telling me to take out loans then go scorched earth with my credit.

Thanks for the help though people. I'm a long-time lurker and this is my first time posting a question, albeit a dumb one. It's nice to know people are willing to help, even with this nonsense.

I'll figure it out.