Sieze or Sue
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
Money Problems: Answers to Questions
Most Recent ‘Money Problems’ Posts
Ms.
What if I have no assets, ie. no house, no vehicles etc? Posted from: British Columbia
bank account froze
can revenue canada freeze my account and leave me with no money Posted from: British Columbia
Car repossession
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 […]
Whattodowhattodo
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 […]
collection porceeding on credit card debt
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 […]
2nd Mortgage
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
Secured Credit Cards
If more and more people are getting in trouble with credit cards, why isn’t the secured credit card encouraged more? Wouldn’t credit card companies be helping people if they marketed secured credit more? I only heard about secured credit cards after it was too late. Posted from: Ontario
Anne
Could you kindly let me know what to do with this situation. My mother is on CPP due to disability. She barely can support herself with the monthly income. She own her property with my dad and me, with little equity. She received a Writ of Seizure and Sale of Land from Canadian Tire mastercard, […]
sue or seize on conditional sales contract
We are aware of the Sue or seize law in Alberta under a conditinal sales contract for a vehicle loan. BUT how do we know which one will take place?? Our truck is only worth $25,000 but the loan is at $42,000 owing still!! Are they going to sue or seize the vehicle from us? […]