Debt

My parents constantly tell me that I’m going to be taken to courts and I’ll end up in jail for my $30000 debt. Is there any truth to this? or are they just trying to scare me? Posted from: Ontario

I haven’t paid my debt in about 6 months now and it is almost $4000. The Creditor sent me a letter to pay at least $650 which I do not have it and they said if I don’t pay today it will go to collections and I will have to pay it in full and [...]

Hi I have a good credit rating I’m not behind in any payments, but my car loan is making go into debt and I’m having to use my line of credit to stay a float. I called the car company and they wouldn’t help so what can I do, before it gets more un manageable [...]

Im really lost. I had my truck repossed last year because i wasnt able to make a payment after i had made 42 straight payments. Since i live in alberta i hear that there is a Sue or Seize rule . They took the truck and sold it at a auction , and now im [...]

I really don’t know where to go from here. I have a lot of accumulated debt house bills and consumer debt. Most of my loans or credit cards have gone to 2nd party collections and I’ve been working with them to take a settlement, but I have so much debt and have so many agency’s [...]

Can a credit card company garnish wages amount owing is $12000.00 Posted from: Ontario

I would like to get my debts resolved because I am turning 30 this year and would like to get on with my life. Currently I am 24000 dollars in debt. 8k of this is a student loan that is nine years old. I defaulted on it back in 2006 and started making $400/month payments [...]

If I offer to pay a debt on a monthly plan can the collection agency still take me to court Posted from: Ontario

If you cosign for someone’s vehicle loan and your relationship goes bad, can you remove your name as the cosigner on the loan? Posted from: Alberta

When I was a teenager, under the legal age for my province, I provided a false birth year to obtain a cell phone contract. All the other information I provided was true, which is what caused the debt to be added to my credit file. Will this get me into trouble if I file bankruptcy? [...]