December 4th, 2010 by Questions
How do you start or where do you go to get someone to registar you with debt settlement . Does the debtor have a choice? Do you lose your house and car?
Posted from: Ontario
December 05, 2010 at 8:50 am, A licensed trustee said:
Debt settlement programs are administered by credit cunseling agencies – depending on where you live, you should have a few to choose from.
A word of caution – before you commit to any kind of debt settlement program find out if you are dealing with a registered not-for-profit agency or a for profit “debt consulting company”. The debt consultants will charge you a fee and then refer you to a trustee in bankruptcy to file a consumer proposal.
Better still, simply use theb links on this site to contact a trustee – they will review all of your options, including debt settlemetn (also called credit counselling) – then you can make an informed decision about which to choose. Better still, the trustee won’t charge you a fee for the conversation….
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