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Debt: Answers to Questions

Most Recent ‘Debt’ Posts

Husbands debt

I found out when the bank took the house my husband had stopped paying bills he was using up to 15 credit cards all maxed (i did not sign or have knowledge of) now that we are separated he wants me to pay half his debt which now runs hundreds of thousands I am on […]

garnishment

I received a letter from Canada revenue that action is being taken against me which could lead to garnishment of my wages.How can I avoid this?Can I strike a deal with them so that they can withhold my tax returns for certain period instead? Posted from: Alberta

Senior Credit Card Debt? Bankruptcy or what?

My 80 yr old Mother just entered a Special Care Facility today, she is self pay using her pensions only and its all of it. She has however accumulated approx. $30k in credit card debt with 3 bank visas. She will be unable to pay them starting this month what should I as her POA […]

Who is responsible to payback CCTB.. who should file bankruptcy

I was not reporting my income for last 10 years and we were getting CCTB and other benefits. My wife was getting those benefits because she had almost zero income. Now I am filing VDP. TAX I owe is 20K whereas CCTB which we (actually my wife) received is 75K. So will I have to […]

Harassment by collections deparment

I fielded a proposal with PC Financial in regards to a debt I had, and was paying off. The proposal was I was to make payments, and they were to stop the harassing phone calls (6+/day, 6 days/week)> The calls continued, now the account was NOT resolved as per manager on the phone with their […]

seniors and cpp

My mother is 87 years old and is living below the poverty line. She requires assistance from her children to maintain a basic standard of living. The problem is that she has a 26,000 thousand dollar visa bill from cibc that she is making payments on. She cannot afford to do so. What are her […]

Confused about Options

I have about $105K in unsecured debt, about $115K in equity in my home and my mortgage is up for renewal in Jan/2013. Would I qualify for a CP? I also lost my spouse almost 2 years ago and he was on the mortgage at the time. A year ago I was told I don’t […]

Repossesion

If my vehicle has been repossesed and I have been informed that I have 21 days to bring the payments back in line, can the company have the vehicle moved to another city to sit at an auction site to wait out the time? If they can am I responsible for the towing cost to […]

Is there any truth to what my parents are saying?

My parents constantly tell me that I’m going to be taken to courts and I’ll end up in jail for my $30000 debt. Is there any truth to this? or are they just trying to scare me? Posted from: Ontario

TD Financial

I haven’t paid my debt in about 6 months now and it is almost $4000. The Creditor sent me a letter to pay at least $650 which I do not have it and they said if I don’t pay today it will go to collections and I will have to pay it in full and […]

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