Many people struggle to repay their student debt even years after graduating due to inconsistent income or lack of gainful employment. Falling behind on student loan payments is not uncommon but it should be dealt with, especially if your loans are now in collection. We explain what creditors can do and how to get relief.
If your unpaid debts have been turned over to a collection agency we explain what you need to know about how long collection agencies can pursue debt in Canada, both legally and with those annoying phone calls.
Paying a collection agency can leave a bad mark on your credit report longer. We explore three reasons why you should not pay a collection agency and what alternatives you may have to deal with unpaid debts.
If you don’t make your payments on time your creditors will take action to collect. Will they sue? Can they take your assets? Learn about creditors rights and what options you have if creditors are calling.
What are your options if CRA says you were ineligible and must repay CERB, CRB or other pandemic related benefits? Can you file a bankruptcy or proposal if you can't afford to pay back CERB? Doug Hoyes explains.
There are provincial regulations that collection agencies must abide by. This blog outlines these rules, ranging from how often and when an agency can call, what they can say and when they can threaten legal action.
If you are facing a power of sale or foreclosure by your mortgage lender, find out what the basics and differences of both legal proceedings are, and what options you have.
Will filing for bankruptcy help stop a mortgage foreclosure? Can I keep my home? What are my options if I cannot afford my mortgage payments? Find out with our comprehensive guide to foreclosures and bankruptcy.
Threatening an involuntary bankruptcy can be a very intimidating tactic that collection agents use against debtors. Want to know if this actually applies to you? Doug Hoyes explains.
A right of offset is when you have unpaid debt, and your lender seizes money directly from your bank account. Learn about who can exercise this legal proceeding, when it can occur, and what you can do about it.
Has a debt collection agent called, and left you confused about what your rights were in the situation? This guide explains Ontario’s debt collection laws and how to deal with these agencies.
Has there been a real estate writ issued against you? Find out what you need to know about writs, from how it affects your bankruptcy or consumer proposal and how to remove a writ after discharge.
If you are filing for a consumer proposal or bankruptcy, should you keep your expensive vehicle loan? Find out if it’s in your best interest to voluntarily surrender your vehicle as part of your insolvency.
Your lender can repossess your car if you are not making your payments on time. Learn about what a vehicle repossession means for you and your debts, and how you can avoid this proceeding.
Blog Post Updated October 2020: Find out more about Canada’s Response Benefits, and if these payments can be garnished.
Debt Relief Experts
