Money Management and Problems Articles - Archive: 2011 Page 2

I purchased a vehicle about 3 years ago. I just pulled out my bill of sale and contract. I have a conditional sales contract. I am behind in my payments, can they seize my vehicle. If they do am i on the hook for the balance owing after they sell the vehicle at auction. I [...]

What is the law in Alberta for this after they have siezed your car? And how do you know if it is a Conditional Sales Contract? Posted from: Alberta

What if I have no assets, ie. no house, no vehicles etc? Posted from: British Columbia

can revenue canada freeze my account and leave me with no money Posted from: British Columbia

I had a car, got behind on payments and dodged the finance company until they got the repo man to find me. He came to get the car, I gave him the keys, didn\’t make a fuss or get the police involved. This happened a year ago, now there is a collection agency asking for [...]

Your answer regarding foreclosure v. bankruptcy was very good. I would like to ask what \”powers\” CMHC has to collect from me, once my home goes through foreclosure. Can they take part of any future wages? Can they take a home away from me, years down the road, if I come into some money and [...]

I have a credit card debt that has been in collections for about 7 months. They had agreed to a settlement amount to be made in 2 equal payments. I was only able to make the first payment half and then the full amount became due. I made arrangements with the collection agency to make [...]

We have a first and second mortgage.Were up to date with are first.The second is 1 payment behind.Can the second mortgage company foreclose for those reasons if we are able to get caught up? Posted from: British Columbia