December 7th, 2012 by Questions
Can a credit card company refuse to be part of the debt settlement by refusing to take what is offered?
Posted from: Ontario
December 07, 2012 at 10:28 pm, A licensed trustee said:
A debt settlement is NOT a legally binding agreement and you cannot force creditors to participate. You may want to consider a consumer proposal as an alternative. If a majority of your unsecured debt accepts your proposal then it is binding on all of your unsecured creditors. Call a trustee in your area BEFORE you commit to the debt settlement contract…
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