Credit Counselling Society of Canada
September 24th, 2005 by Questions
Is using the Credit Counselling Society the same as filing a proposal? I joined with them about 10 months ago, and am starting to have difficulties wth my payments. My common-law husband is not supportive, I was late last month and this month. I owe about $50,000, and am paying $700.00 per month. One of my problems is that I got a secured loan from a finance company, not realizing that the security (a car) is in my husband’s name. Can the finance company seize the car if my payments are late even if the car is not in my name? I would have thought they would have checked into this, but I’m not sure what the rules are.
Thanks for your help.