Debt Settlement in Canada Articles - Archive: 2009

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 [...]

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

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

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 [...]

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 [...]

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

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 [...]

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

are you charged interest when your wages are being garnished? Posted from: Manitoba

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 [...]