What happens when negotiating a consumer proposal?
When you meet with us, we will help you decide if this is the best option for you. The next step is negotiating the consumer proposal. When negotiating a consumer proposal, here are a few things you can expect: Help from your trustee. From the very beginning, your trustee will be there to guide and…
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The Truth About Debt Consultants
Are you one of the many unlucky Canadians who have received phone calls from creditors promising to settle your debts? Or have you been intrigued by the TV and radio advertisements claiming a government program will reduce your debts if you call NOW? These ads and phone calls are from debt consultants (or telemarketers working…
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Credit Card Companies Love Students
I remember the first time I used my credit card to order pizza. All I had to do was give the guy my credit card number and magically pizza showed up at my house. As a student, I didn’t really have to apply for the credit card. The card was basically given to me and…
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Dealing With Your Debt Doesn’t Have To Be Scary
Are debt issues scaring you most this Halloween? If the things you’re most afraid of this Halloween are dealing with collection calls or opening creditor letters, it’s probably time to get some help with your personal debt problems. Meeting with a trustee isn’t scary and most people are shocked to find out how simple filing…
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A credit card company is taking me to court – Is it too late to file a consumer proposal?
SHANNON ASKED: Capital One has sent me court papers that my case is now in the courts for my credit card. Is it too late to do a consumer proposal? We have a few other credit cards as well that need to be included and have waited too long and now need help. ANSWER: It is never…
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Can a debt collector try to collect on a debt that was discharged in bankruptcy?
No. If you have filed for bankruptcy, a debt collector cannot try to collect debts included in the bankruptcy. If a debt collector calls, tell the debt collector that you filed for bankruptcy and give them the name and phone number of your trustee. Your trustee will communicate directly with them. Even though debt collectors…
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How can I find out what it says on my credit check?
NANCY ASKED: When the bank says we have to do a credit check, is there any way I can find out what this says prior to the bank? ANSWER: When the bank says that they are going to do a “credit check” what they are referring to is your credit bureau report. There are two main…
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Payday Loans as seen on HBO’s “Last Week Tonight with John Oliver”
I was recently watching my new favourite show, “Last Week Tonight with John Oliver” and to my surprise, a piece on payday loans was aired. It was a very humorous take on them, full of many interesting facts. It is in regards to payday loan companies in the USA, but in many instances it encompasses…
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How To Tell If A Debt Collector Is Legitimate
Do you dread that angry voice on the phone demanding you pay your debt? If you’ve ever received that phone call, it can definitely be a nerve-racking phone call. But what if you don’t recognize the debt or the collector? Before you apologize or promise to pay, make sure it’s actually your debt! Just because…
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Being threatened with wage garnishment? What exactly does that mean??
If you owe money to your creditors and do not make payments your creditors may take legal action against you. The result of this legal action is something called a judgment. A judgment is a court order that allows your creditors to deduct payments directly from your wages and to seize assets, otherwise known as wage garnishment….
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