Personal Bankruptcy Canada Blog » Debt Settlement

Do I qualify, with $35,000 Credit card debt

Questions — Thu, 26 Jan 2012 14:36:54 +0000

I have approx $35,000 in debit from Visa/Mastercard. Do I qualify for a plan?, how is it started, and does it effect my credit rating?
Also will I still have access to my credit cards during/after this process?
thanks

Posted from: Ontario

Can u settle debt with CRA

Questions — Mon, 23 Jan 2012 23:51:29 +0000

Does this include monies owed to CRA

Posted from: British Columbia

Entered a debt settlement contract

Questions — Sun, 09 Oct 2011 14:06:54 +0000

I have informed Citi-Financial that I have entered into a contract with a debt settlement firm, they stated to me they will not deal with that firm and will garnish my wages, can they garnish my wages if I have already informed them that I have entered a debt settlement program or aqre they just trying a scare tacti?. Or should I claim bankruptcy, before they garnish my wages?

Posted from: Ontario

Where to find a reputable Arbritrator

Questions — Fri, 07 Oct 2011 16:29:23 +0000

We currently have about $30,000 in credit card debt. We are looking at Debt Settlement (arbritation) I’m wondering how others went about finding a good Debt Arbritrator Company? there are SO many out there and most are based in the US, but claim to now do work in Canada as well. Has anyone been thru settlement and were the results good?

Posted from: Ontario

settlement vs proposal

Questions — Mon, 03 Oct 2011 22:09:28 +0000

Why is there debt settlement and consumer proposals? Which is better to do? Can we do these options if one of two of us has lost their job?

Posted from: Manitoba

Award entitlement

Questions — Wed, 07 Sep 2011 22:17:18 +0000

If I am currently under bankruptcy, not yet discharged, and I have incurred personal debt to a ‘private’ individual for court proceedings unrelated to the bankruptcy, and the courts award me my court costs in settlement, does this money need to be repaid to the bankruptcy trustee???
Thx

Posted from: Ontario

Debt Settlement

Questions — Fri, 02 Sep 2011 15:27:39 +0000

I have about $156,242.77 in credit card debt and included with this is a loan for some home improvements we had done which total $28,138.86 but it is in with the above total.

Would I still qualify for a debt settlement?
I would have about $2400 each month to contribute.

Posted from: Ontario

Debt Settlement

Questions — Thu, 01 Sep 2011 01:25:42 +0000

I have about $286,120.89 in credit card debt which is not from personal spending but rather cash advances we had to put into our company to keep from going bankrupt at the time.

I have about $2500.00 coming in each month to deal with this but it is not enough obviously.

Do I qualify for a Debt Settlement?

Posted from: Ontario

settlement with CMHC

Questions — Tue, 26 Jul 2011 03:41:20 +0000

Will CMHC settle with 20% of the owing debt. I have heard this from a few people

Posted from: Alberta

Options

Questions — Mon, 13 Jun 2011 18:33:51 +0000

im going through a divorce and could possibly end up with 46000 dollars worth of debt. i bring home 2200 a month, this debt doesnt include my car that i have monthly payments on. I’m struggling very much with with all the debt at the end of the month. i am left with approximately 900 a month and this is to cover rent, groceries and gas. i’m lucky to be able to live with my friend for only 400 month but i would like to get into my own place. is debt settlement an option for me?

Posted from: Alberta

Deposit account for pension not secure

Questions — Sun, 15 May 2011 22:48:30 +0000

I’m 52, pensioned off (25 years) from a major Cdn Bank. Only income is my small pension. EI exhausted. Former employer (Bank) is main creditor. Bank pension cannot be deposited to other Financial Institution. Account has O/D, at limit. Each month, within minutes of pension deposit, I move funds via EMT to other FI. Once Bank cancels O/D, I will lose ability to pull funds since they will keep to offset balance of O/D and all other loan and credit card debts. Bank & their lawyer showed no interest when I tried to negotiate lower payments. Kept repeating full amount outstanding. What can I do? How do I keep my pension?

Posted from: Ontario

Bondable?

Questions — Wed, 11 May 2011 11:06:24 +0000

I have no outstanding debts at present (i.e. all debts settled/paid), but have settled debts that appear on my credit report as ‘derogatory’ (R9).

Does such a credit history prevent me from being ‘bondable’?

Thank you.

Posted from: Ontario

Sorry Creditors

Questions — Wed, 20 Apr 2011 10:34:30 +0000

I have a 13,500 loan on a car, and a mortgage that has a balance of 133,000. Plus I owe over 15,000 on a personal loan, and over 10 on credit cards. I had a change in employment, and have noticed a damaging cycle that I can’t get out of. What should I do, if I wanted to keep the house and car? Is bankruptcy my best bet?

Posted from: Nova Scotia

McGinty

Questions — Tue, 19 Apr 2011 13:21:31 +0000

My husband recently disclosed to me that he has credit card debt of more than $80,000! He has arranged to pay one with some money down, and $500 a month, and has offered the same to the other, but it was turned over to a lawyer and they have not responded to any of his offers or calls. He is sick at heart and recovering from cancer (which partly led to the buying spree). How can we get a response? Is the home, which is in both our names, although I pay the mortgage, in jeopardy?

Posted from: Ontario

debt help

Questions — Wed, 13 Apr 2011 19:41:06 +0000

hi i have a dept of $19,000.my monthly income is $600.00.is there anyway i can reduce my payment and come for a settlement.
i dont have house in my name and i dont have any vehicle in my name.evrything is in my husbands name.will he be affected because of me.

Posted from: Ontario

Ontario Student Loan

Questions — Mon, 10 Jan 2011 14:55:44 +0000

I have an Ontario student loan for approximately $5000 that has been turned over to a collection agency. I would like to settle the matter, and was wondering what steps I should take.

Posted from: Ontario

what can I lose

Questions — Mon, 27 Dec 2010 14:19:45 +0000

My only income is a small disability pension of less than $1000 a month. I have a lot of credit card debt and am currently paying some of them at the minimum required amount but there are 3 or 4 than I cannot give more than a token $25 a month which obviously does not even cover the interest. I am getting calls from those companies. I own an old house jointly with my husband but there is not a lot of equity in it and we also own together a paid for car that is 3 years old but is in my name. Can either of these assets be sezed in any way and if so, only half of it is mine, the rest if my husband\’s. The credit cards in question are in my name only, he is not liable for them.

Posted from: Ontario

me in ontario

Questions — Sat, 04 Dec 2010 23:39:32 +0000

How do you start or where do you go to get someone to registar you with debt settlement . Does the debtor have a choice? Do you lose your house and car?

Posted from: Ontario

options?

Questions — Wed, 01 Dec 2010 16:11:59 +0000

Recently had a writ of seizure and sale for my home, from a law firm representing capital one, approx $$13,500.00
I have a first and second mortgage on the property and am willing to make payments towards the debt. I think i can afford $2-300.00 per month, would this be accepted? should I consider bankruptcy? I do have debts totalling approx $40,000.00 including RBC that already have a writ against me and are accepting $25.00 per week, as well as cit bank and paying them $135.00 a month. The home is worth $340,000, first mtg @$180k, second @ $80k. any suggestions would be great. Also, on my credit report it shows as capital one writing off my debt, why would they hire a law firm to collect?

Posted from: Ontario

revenue canada

Questions — Sun, 21 Nov 2010 01:39:04 +0000

We owe Revenue Canada and are having trouble paying them back…are we able to negotiate a debt settlement with them?

Posted from: Ontario

high credit card debt

Questions — Sun, 21 Nov 2010 01:35:57 +0000

We have a large amount of debt with a variety of credit cards and credit lines. We could use the credit on one of the cards to pay the others off. Could we then go to that credit card company to work out a debt settlement?

Posted from: Ontario

repossion of car

Questions — Sat, 06 Nov 2010 00:33:10 +0000

I`m 5 payments behind and turned down by creditor for catch up plan I have just started a debt resettlement for other debts, Is the
car`s creditor obligated by a debt settlement or bankruptcy to allow a new arrangement.

Posted from: Ontario

Need help with repossession laws for leased vehicle in Alberta

Questions — Mon, 25 Oct 2010 20:48:30 +0000

My vehicle`s lease has ended and Chrysler wants more than $5,500 for mileage charges or more than $11,000 for the buyout. They won`t work with me, even though I offered to pay $3,000 today, another $3,000 in 30 days, another $3,000 in 60 days, and the balance in 90 days. Do I have any options? Someone said they can either repossess the vehicle or sue me but not both – does this apply to lease-ended vehicles?

Posted from: Alberta

debt settlement

Questions — Wed, 13 Oct 2010 22:48:34 +0000

i am looking at using XXXXXXXX of canada to take care of all of my payday loans that are out of control..i cannot keep up!!!
My c redit is terrible…is this what i should do and how will it affect my credit record

Posted from: Ontario

company bankruptcy

Questions — Mon, 26 Jul 2010 23:55:30 +0000

I am the sole director of an Ontario Corporation that is deeply in debt, mostly to a single supplier. Are trustees for personal bankruptcy also qualified for corporate bankruptcy? Does a `consumer proposal` also apply to a corporation?

Posted from: Ontario

Help with Writ of Seizure and Sale

Questions — Thu, 17 Jun 2010 18:11:45 +0000

I am panicked as CRA has filed a Writ of Seizure and Sale against my home with land titles. The amount is in dispute and has to do with another person`s tax debt. What does this mean can they seize my home and sell it.

Posted from: Alberta

Employer contact

Questions — Mon, 29 Mar 2010 14:43:04 +0000

Can a creditor contact my employer prior to having a court order for garnishment of wages. If not, what action can be taken by me if they have contacted my employer without having a court order?
Thank you

Posted from: Ontario

Consumer proposal or a debt settlement?

Questions — Thu, 18 Feb 2010 14:57:45 +0000

Which is better to fix the credit faster Consumer Proposal or Debt Settlement? How it effects credit? How long both of these stay on record?

Posted from: Ontario

debt settlement vrs consumer proposal?

Questions — Mon, 25 Jan 2010 00:58:12 +0000

would a debt settlement be better then a consumer proposal. how do i locate a debt arbritator??

Posted from: Ontario

co-signed for a loan and now it is in default

Questions — Wed, 30 Dec 2009 01:17:35 +0000

My husband co-signed for a loan for a trailer that is now 2 months in default. I know that this is currently affecting his credit rating. My questions are; 1) Do we have a legal right to try and sell this thing before it destroys his credit? and 2) If not, and it gets repossessed or goes to collections how long and how badly will it affect his credit rating? He has always maintained great credit (785) and is seriously worried about this situation.

Posted from: Alberta

Mark

Questions — Thu, 17 Dec 2009 23:53:39 +0000

What are the typical fees debt settlement firms charge for their service?
Does a debt settlement firm have to be lisenced to act on your behalf?

Posted from: Ontario

car loan

Questions — Wed, 09 Dec 2009 15:32:43 +0000

if i have a car loan and cant pay it. so if i dont pay what will happen. ? i make about 1600.00 a month which is eaten up from bills my car payment is 300.00 a month

Posted from: Ontario

Voluntary Repossession of Leased Vehicle

Questions — Mon, 30 Nov 2009 19:16:22 +0000

I entered into a voluntary repossession agreement with the leasing company of my vehicle. I was told by the leasor that the vehicle would be accepted back, it would be sold, and then I could be liable for any loss. Is this true? In BC the law is sieze or sue is it not? If it becomes the case, is bankruptcy an option? I am unemployed on EI benefits.

Posted from: British Columbia

Miss Brock

Questions — Sat, 28 Nov 2009 05:04:55 +0000

I seen a similar question to mine but have something to add. I recently had my jeep removed because they decided to seize not sue I was a few payments behind and the interest and payments were very high. Now I just received a letter saying I might have to pay a disposition or may be liable for any deficiency balance that may be owing after they sell the vehicle for what they can get. Can they do this or who would I call to get the correct information I am looking for. I believe I do have a Conditional Sales Contract.( It says that on the top of my sale paper from the dealership.

Posted from: Alberta

cra and cmhc

Questions — Fri, 27 Nov 2009 23:15:05 +0000

Can cra keep taking my income tax? It has been 11 years since this debt and cmhc has never contacted me, only a credit agency[ CBCL] Has the SOL not run out on this several times over? Thanks

Posted from: Ontario

STATUTE OF LIMITATIONS

Questions — Fri, 27 Nov 2009 14:28:59 +0000

IN 2003 I FILED FOR BANKRUPTCY WITH A TRUSTEE, IT`S NOW OVER 6 YEARS (2009) I HAVE NOT BEEN DISCHARGED FROM BANKRUPTCY. IN 2004 I HIRED A LAWYER TO DEAL WITH THE TRUSTEE TO HANDLE THE COURT PROCEEDINGS ETC. BUT THE LAWYER COULD NOT DEAL WITH THE TRUSTEE AS THE TRUSTEE WOULD NOT CORRESPOND TO HIS LETTERS AND DUE TO MOUNTING LEGAL FEES I WAS FORCED TO CANCEL MY LAWYER. .

Posted from: Ontario

Unpaid credit card debt

Questions — Thu, 26 Nov 2009 11:20:18 +0000

I have some credit card debt around 5000. I have not paid any payments for about 6 years. how does it reflect on my credit and what should I do in this case if it is still on my credit report. Thanks.

Posted from: Ontario

garnished wages

Questions — Fri, 20 Nov 2009 05:11:37 +0000

are you charged interest when your wages are being garnished?

Posted from: Manitoba

Ms. Need Of Advice!

Questions — Thu, 12 Nov 2009 20:46:57 +0000

I haven`t paid my credit cards in the last 5 years. I know I owe $15,000 to $20,000. I stopped paying because I wasn`t working and when I did, I wasn`t making enough to pay back. I have a good job now and I`m ready to pay back and fix my credit. What should my first step be?

Posted from: Ontario

debt settlement

Questions — Tue, 10 Nov 2009 17:01:27 +0000

I filed a CP in Ontario a few weeks ago. If it`s rejected, can I apply for a Debt Settlement program? I was never told of this by my credit counsellor. I owe approximately $35,000 in loans/cards. Also, where would I go to do this?

Posted from: Ontario

Does the FIRM

Questions — Mon, 09 Nov 2009 01:40:25 +0000

That is hired to do the debt settlement charge a fee during the `initial phase`? And how is your credit affected during this phase? as well can the institutions still carnish your wages if the feel it necessary?

Posted from: Ontario

debt settlement

Questions — Sun, 08 Nov 2009 22:56:10 +0000

I have credit card and line of credit debt totaling $40000. I have a job. I heard different things about debt settlements is it like consumer proposal affect your credit rating R7 or debt settlement company pay on my behalf to creditors after settlement and than I pay debt settlement company over 36 months? Or I stop paying to creditors after retaining debit settlement company for 36 months and deposit money with debit settlement company for 36 months. What will be my credit rating which R after I retain a debt settlement company. ( in scenario I stop paying to creditors for 36 months my credit rating will be R7 ).

Posted from: Ontario

Canada/USA

Questions — Thu, 22 Oct 2009 19:16:00 +0000

Former Canadian resident now living in USA, debts are all Canadian. Can I file in Canada?

Posted from: Alberta

Does a judgement continue to accrue interest?

Questions — Wed, 21 Oct 2009 21:14:44 +0000

Does a judgement continue to accrue interest?

Posted from: Nova Scotia

bridge

Questions — Mon, 28 Sep 2009 19:10:29 +0000

Will a judgement that was issued in small claims court be erased if I go bankrupt.

Posted from: Nova Scotia

Voluntary Repossession and then debt Settlement

Questions — Mon, 31 Aug 2009 21:45:04 +0000

I can not afford to pay for my vehicle and travel trailer… Can I request a voluntary repossession and then pursue a debt settlement…. I owe more than $118000.00 which includes credit card debts… I also have a mortgage which I have not included as debts…

Posted from: British Columbia

Debt Settlement

Questions — Thu, 27 Aug 2009 17:53:11 +0000

I have 73000 in credit card debts. I will very soon fall behind my payments as our income has dropped. can I apply for a proposal or a settlement?

Thank you!

Posted from: Alberta

Credit card debts

Questions — Tue, 25 Aug 2009 18:01:23 +0000

I have 3 credit cards with a limit of 1500 dollars on them. They are all expired already but i pay the minimum payments on just 1 of them (the one i bank with). I have no idea whats happening with the other 2. Also i have cell phone bills totalling 1500 for about 2 years. I do not know whats happening there as well.

Now, i decided to cover my debts somehow and put my credit rating back on track. What is the best way for me to cover the debt and make my credit rating rise again.

I am currently on Employment Insurance but i may afford to pay about 200-250 dollars per month. Thank you

Posted from: Ontario

how to lower my payment

Questions — Fri, 14 Aug 2009 12:19:55 +0000

i have 24000 to amex i am behind one month the closed my account and now want to sent it to collections they offered me a repayment plan of 1300 a month for 24 months is there any way of getting them to lower this

Posted from: Alberta

Can a firm after agreeing to a settlement come back to me for the balance of the debt owed

Questions — Tue, 04 Aug 2009 12:42:18 +0000

Can a firm after agreeing to a settlement come back to me for the balance of the debt owed? and can I be sued for the balance? do I have the protection like that of a proposal?

Posted from: Ontario

Credit Ratings

Questions — Tue, 04 Aug 2009 12:39:44 +0000

Do companies check Credit Ratings on a potential employee as part of the hiring process?

Posted from: Ontario

Bankruptcy with Divorce Issues

Questions — Mon, 03 Aug 2009 14:54:50 +0000

My wife (has separated from me Nov 24/08) and we have a house (owned jointly) which is currently up for sale. She declared bankruptcy (Jul 10/09). Alone, I cannot afford the mtge payments or the taxes.
Question: How do the trustees settle her 1/2 of the mtge debt – do I receive a payment on the 50% of the appraised value, or do they work out a deal with the mtge lender?

Posted from: Ontario

Would Debt Settlement be an option for me?

Questions — Thu, 23 Jul 2009 23:53:49 +0000

I currently owe approximately $18000-$20000 to unsecured debt (ie. visa, mastercard and a line of credit), I was wondering if debt settlement would be the right route for me to take? I am currently struggling to make my monthly payments, I hit a patch of bad luck last year and have been struggling to get back of my feet since. I would really rather not claim bankruptcy as I don`t want to lose my vehicle or anything else. I`ve never missed a car loan payment, nor have I missed paying a month of rent. Please let me know if this is a worthy option for me or what else could be suggested.

Posted from: Manitoba

A dirty rotten Ex-boyfriend

Questions — Tue, 14 Jul 2009 04:24:11 +0000

I was dating a guy last year, we had been together for about 6 months when he got a loan from citi financial, without my knowledge or consent he listed my furniture as collateral!! I was recently contacted by citi and they informed of this.
Can they take my stuff becuase of that jerk? I have worked hard for what I have, I don`t want to loose it.

Posted from: Alberta

getting tough

Questions — Thu, 09 Jul 2009 02:06:37 +0000

We owe about $104000 in unsecured debt, is it possible to go through some sort of debt settlement, reduce my payments and pay this amount off within a defined timeline? If so how do I go about this? Thanks!

Posted from: New Brunswick

employer contact

Questions — Sun, 05 Jul 2009 18:46:28 +0000

while i am not paying creditors, are the credit card companies going to be contacting my employer to guaranshee my wages?

Posted from: Ontario

Debt owed to a University but not a student loan…

Questions — Mon, 29 Jun 2009 21:31:03 +0000

Recently I requested a transcript from a university that I attended last in 1996-1997. The response was that I have an outstanding account that must be settled before any transcript will be sent out.

What should I do…I am not in a position to assume a large debt and would think that it would be equal to a year`s tuition at that time ($3000ish).

To be clear this is a debt owed to the institution and not as a student loan. Thank you.

Posted from: Ontario

Credit problems

Questions — Tue, 02 Jun 2009 23:01:42 +0000

Hello,
My Uncle and Aunt are in a difficult financial situation. They owe a lot of money on their credit cards – one of them lost their job so they are living on one income. They have been to the banks to consolidate their debt but the banks have said they won`t be able to help them. They need a solution really quick, the more time goes by the more the debt is increasing. Plus they are not very young either, one is 63, the other 57 so they don`t have too much time left work wise. I am not sure what to recommend anymore, can you give some advice on this situation?
Thanks

Posted from: Ontario

Protection of spousal assets

Questions — Mon, 01 Jun 2009 17:53:10 +0000

My four years ago my spouse received a large monetary gift to put toward the purchase of our home. In order to protect her interest in the event that we split up, I signed an legal agreement similar to a pre-nuptual agreement recognising the money as being hers alone. This money now makes up the majority of the equity in our home. Is it protected if I declare personal bankruptcy?

Posted from: British Columbia

Joint line of credit with an ex-spouse

Questions — Thu, 21 May 2009 15:50:46 +0000

My ex-husband and I have a joint line of credit that the is unsecured with the bank. He pays it down but the bank refuses to release me from it because without me he does not qualify for the credit. I do because I own a home.

If he should declare bankruptcy, what happens to the account? Will he be removed from it leaving me shouldering this responsibility? He signed in our seperation agreement that he is responsible for payments and getting me off this loan as soon as he is able to, but it doesn`t look like that will happen before the next 5 years.

He uses bankruptcy as a threat, I just want to know if it is a threat that is grounded in fact.

Thank you for your advice.

Posted from: Ontario

debt settlement instead bankruptcy

Questions — Sun, 17 May 2009 14:34:47 +0000

Is it possible to use debt settlement instead of filing for bankruptcy when my total credit debt is $400K. My husband and I both have 2 jobs and we have steady income. It is just the credit cards interest rate are too high for us to keep up. What are the credit card institution procedure when they said that they will take legal actions.

Posted from: Ontario

Options, how do we deal with our existing debt.

Questions — Sat, 16 May 2009 04:17:54 +0000

We owe big money to different credit card companies including line of credits. Now its been almost a year and after a while they stopped sending us any kind of letter. Now we dont want to file a bankruptcy but want to pay in installments (minimum). We have equity in the house which is close to the loan amount but real estate market is down and we cannot sell the house. what other options do we have.

Posted from: Alberta

Debt Settlement

Questions — Wed, 06 May 2009 18:26:06 +0000

I am a little confused about Debt Settlement. I contacted a firm because I currently have my debts with a Credit Counselling Service but I cannot afford to keep paying them monthly and if I add the other (unsecured) debt the monthly payment would be to high. My debt is about $19000 (credit card debt) and they have given me a pretty good figure which I can pay off immediately. However, they are telling me that I have to show that I have the ability to pay it off over a certain period of months and that`s what is confusing me. I thought a debt settlement program was where you paid your creditors with one lump sum, immediately.

Posted from: Ontario

owner

Questions — Sun, 03 May 2009 15:16:24 +0000

What does it mean when Revenue Canada puts a lien on my property for back taxes?I had made payment arrangements with them and have never missed a payment, so why would they do this? Thanks

Posted from: New Brunswick

Debt Settlement and other options

Questions — Sat, 02 May 2009 03:17:12 +0000

I owe a lawyer in SK approx 17,000 for collecting child support issues. The entire case has been so absurd. The lawyer stated to me she has never come across a `father who will stop at nothing!! to avoid paying for his children`. The father this time went to an extreme and tried to get the court to say he didn`t have to provide by trying to prove that the children severed the relationship. Which is so untrue and after 19 months and 17,000 dollars legal fees the judge ruled in favor of the children. I can not afford to pay this bill. I tried to negotiate with the lawyer but she refused. I have excellent credit right now and this is such a mess. Please advise

Posted from: British Columbia

Debt settlement

Questions — Fri, 17 Apr 2009 07:19:52 +0000

I am a 54 yr.old widow of 16 yrs.. I live on a widows pension from the federal superannuation group, as well as a small CPP pension from my husband. The total of both is $1357. mos. total. I have been unemployed now for 1.5 yrs. I am paying several contract bills per month, that eat up my pension. I am living with a relative for this whole time period, because I can not pay rent. I can hardly pay for food.
I have been served a letter from a lawyers firm, regarding an outstanding amount due from a credit card company.
I can not pay off the $7,400. due at this time. I do not want to go bankrupt, nor
can I afford this, nor a credit settlement.
Is it possible to have a debt. settlement at this late stage of a law suit in progress.
I am proposing to pay some of the interest now for 6 mos.. I need more time to look for work, and get on my feet.
The law firm wants to take me to court.
What can I do to prevent this action in the near future?

Posted from: Ontario

Liabilities

Questions — Thu, 12 Mar 2009 21:41:43 +0000

A new director is he/she liable for a company`s old liabilities ? for taxes /employee wages

Posted from: British Columbia

lien on house

Questions — Wed, 04 Mar 2009 23:15:36 +0000

Hello, my husband lost his job last october. This january he started work again. We are having a hard time keeping up with all our bills to say the least. We have three children under the age of 5, so we have had to make decisions conerning which bills need to be paid. One bill we have not been able to keep up with is our monthly strata fee of $103. Now we have an overdue balance of around $400, and they say they will be putting a lien on our house. We have been making some payments but not the full amount. We do not pay any interest on these fees as well.
My question is what does this lien on our house mean?

Posted from: British Columbia

If you are on EI

Questions — Sun, 22 Feb 2009 03:57:21 +0000

Would you qualify if you have recently had a contract end – and have not yet secured new employment – may have to go to EI

Posted from: Ontario

Married People and Loans 7 yr rules

Questions — Thu, 13 Nov 2008 04:19:24 +0000

I am paying off a student loan and down to three more payments and it is paid up all my loans will have been paid this year. I negotiated the first one with a lump sum payment, then the current one I did the same and should be done about Dec 2008.

Will this improve my credit rating and how, do I have to send equifax the proof or does student loans do that.

My wife also has one about 10,000 and gathering interest daily. Do credit ratings only affect individuals or do they affect a married relationship, can she apply for the 7 year rule if I am working. I believe that we need to the extra funds and can use them instead of paying them off. This would give us a good start.

Please inform.

Almost done the debt in Saskatchewan.

Posted from: Saskatchewan