Money Management and Problems Articles - Archive: August 2011

Hello there, My husband and I borrowed money on our credit lines to invest with a “trusted” investor who promised to give us back the principal and whatever interest he had made in one year. Since we had excellent credit and thus great promotional rates on our credit lines, we gave him $60,000 to invest. [...]

I have been living in Canada for 5 years as a refugee, i have always had a good job and my credit was being built. I had a 5000 line of credit, 500 overdraft and other credit cards. 3 years ago i was asked to leave Canada, leaving an lump some of debts. Befor i [...]

If payment arrangements made and accepted by creditor are honoured can they at some point decide that arrangement no longer is acceptable and start wage assignment process? Posted from: Ontario