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Debt Settlement: Answers to Questions

Most Recent ‘Debt Settlement’ Posts

What happend to the credit rating

I see the benefits of debt settlement. But I am wondering what happens to your credit rating for the time one desides to go into dept settlement and the time the company starts to make contact with your debtors to settle the accounts? Posted from: Ontario

tax return

Does the trustee file income tax returns when you’re doing debt settlement the way they do with bankruptcy? Posted from: Ontario

Taxes

does this apply to Taxes that are in arrears? Posted from: British Columbia

Credit card debt and unemployed

My son has just advised us he has been laid off from his job, then he continued to advise us that he has about $10,000 in credit card debt that he now has no way of paying. I am not sure if he qualifies for unemployment but he wouldn’t make enough to even cover his […]

Pros and Cons of Debt Settlement

I’m new into this program and kinda skeptical about it. I’m not sure about the Pros and Cons and what company to trust. I just need to get rid of high interest rates and pay off our debts faster. Is it advisable to get into this program? Posted from: British Columbia

Debt settlement

How do i go about finding someone to do a debt settlement I am at the Cornwall, Ontario area. Posted from: Ontario

bankruptcy anullment

I have a very simple question that nobody seems to know the answer to, even my trustee hasnt dealt with it before. I need to take an early retirement which would be a lump sum pension payment. the question is , i am willing to pay off my creditors in full but im told even […]

Do I qualify for debt settlement?

I owe about $32,000 ($14,000 in credit card debt at 11.9% interest and $18,000 line of credit at 9.00% interest). I make just under $3000.00 a month (after taxes) but with rent and other living costs (for myself and my partner who has only been able to find part-time work recently), I’m finding it difficult […]

JMC

I co-signed for my son who had to surrender his vehicle. The bad debt is now on my credit rating. Is there still a chance to pay this remaining debt off? I could not afford to pay and keep the vehicle at the time. Posted from: Quebec

Just signed with a company for Debt Settlement

HI I just signed with Leading Debt Arbitrators for debt settlement. I have now heard that debt settlement may not be the best thing and that the company might not be legit. I am worried as I have 15,000 is debt and need to find a way to pay it off. I heard Consumer Proposals […]

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