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I have Power of Attorney for a relative who recently entered a rehab facility for some years due to severe addiction. There are bank debts and credit card debt. Is it acceptable to negotiate with these debtors to pay a percentage of the debt rather than the full amount? With whom in the TD bank […]
A court order was decided against me for a debt to a money mart type of store, I did not attend the court date, but it was ordered that they could garnish my wages, I was fired from my job 1 1/2 months previously. What is most likely their next action against me, I have […]
Hello, My visa and mortgage are under the same company. I had offered to settle a debt to my visa company but they are under the same company that holds my mortgage so they say a settlement is not an option. Is that true? Posted from: British Columbia
Hi, I have falling behind on my cc payments and I am now in debt $6000. It has gone to a collection agency who is threatening a lien on my house (mortgage). What are my options. I am retired and besides OAS and CPP I do not have any other income. I am very concerned […]
The Ontario government intends to change the law regulating the debt settlement industry. The stated purpose of these reforms is to substantially increase protections afforded to Ontario consumers who choose to hire companies to resolve debts on their behalf. If, however, the draft regulation becomes law some industry observers speculate that there might not be […]
Does debt settlement (one credit card 20,000) affect my mortgage renewal in 3 years, if all my mortgage payments are made and no other debt or credit problems? Posted from: Ontario
I sold a motor home 4 months ago, on kijiji, does this effect my applying for bankruptcy protection? Posted from: Alberta
I am wondering if we would qualify for debt settlement. My husband and I make 110,000 in salary before tax. Our home is worth 260,000 and our mortgage is at 203,000. We have 35,000 in cc debt, owe 6,000 of income tax, 23,000 loan and 74,000 loan. We have 15,000 in resp saved for our […]
Hi, my parents were visiting us here in the US, while here my dad suffered a heart attack, and was hospitalized and incurred significant hospital debt. The bills have been coming in and total about $150,000 US. We are trying to negotiate with the hospitals, however it seems some have not been patient and have […]
I have debt owing to Bell and Visa. I have no assets, ie no car and live at parents. I am now on disability but owe money to Bell just under $1,000 and credit cards for $12,000. The collection agency is threatening to take legal action. Can they take my disability to pay for this […]
