Money Management and Problems Articles - Archive: 2010

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in BC and I am worried that when I return the vehicle to a dealership how are the payments that are automatically withdrawn from my account stopped?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 […]

I received a call from NCO telling me that they obtained a default judgement ordering me to pay $7000 in credit card debt (which was actually $5000). They say they can garnishee my wages but can they without having legally served me notice (e.g. through sherriff, registered mail). I am a federal govn […]

Currently going through an DMP @ 1100 a month. Was ok but am splitting with my significant other and can`t see myself continuing with this payment. Have been in it for 1.5 yrs. What are my options for decreasing the debt load and what are the impacts
Posted from: Alberta

in august 2002 i stopped making payments on all my credit cards due to financial difficulties. In march 2010, i checked my credit report and although the credit cards are mentioned in my report, the outstanding balances are zero for all accounts and the ratings are R1.
if i open a chequing account with a […]

I have a secured loan and an unsecured line of credit. Why can I not do anything with the secured loan?
Posted from: Ontario

would a dept that has been on your credit for more them six years still show as outstanding dept.
Posted from: Alberta

My husband has been transfered to the u.s for a job. The company will buy our home for the appraised value, but unfortunately in our city this value is very low due to the economy. We will still owe close to 70,000$ on our mortgage after the company buys the home. We […]