Money Management and Problems Articles - Archive: 2010

If more and more people are getting in trouble with credit cards, why isn\’t the secured credit card encouraged more? Wouldn\’t credit card companies be helping people if they marketed secured credit more? I only heard about secured credit cards after it was too late. Posted from: Ontario

Could you kindly let me know what to do with this situation. My mother is on CPP due to disability. She barely can support herself with the monthly income. She own her property with my dad and me, with little equity. She received a Writ of Seizure and Sale of Land from Canadian Tire mastercard, [...]

We are aware of the Sue or seize law in Alberta under a conditinal sales contract for a vehicle loan. BUT how do we know which one will take place?? Our truck is only worth $25,000 but the loan is at $42,000 owing still!! Are they going to sue or seize the vehicle from us? [...]

i currently became laid off and contacted my vehicle finance company explaining i could no longer afford my payments they responded that i need to show proof of my financial situation proving i could not pay they in return responded with a letter of voluntary seizure stating they would auction vehicle then id be responsible [...]

Hi; I actually have two questions that will help me to decide if I should consider filing for Bankruptcy: 1) Over 10 years ago I requested that a supplementary card (on one of my MasterCard accounts) be issued in my Mother`s name. – She did not sign anything – She has never used the card [...]

is their a maximum that revenue canada can garnish per pay period Posted from: Alberta

can canada revenue agency issued a writ of seizure before all assessments are completed Posted from: Alberta

I am considering doing a voluntary repo to Ford Canada in BC and I am worried that when I return the vehicle to a dealership how are the payments that are automatically withdrawn from my account stopped? What paperwork will I get when I drop off my car at Ford? How can I prove that [...]

My credit card is $25,425 and have skipped 5 monthly payments. The credit card legal counsel has served me with a Writ of Summons in the Supreme Court of BC. I can`t afford a lawyer so I`ve prepared an `Appearance` on my own. I am also trying to file a statement of defense but can [...]

I owe President`s Choice Mastercard about $5000. I own a house with my husband and my son (mortgage). Collector kept calling me and leave messages on my answer machine stating that she is doing paper work to have someone to come out to see my property. I am currently disable and have no source of [...]