Tag Archives: canada
- Nova Scotia, Canada Debt Settlement Protection Act
Nova Scotia has introduced the Debt Settlement Protection Act and it had the first reading on April 26, 2012. The act states: Be it enacted by the Governor and Assembly as follows: 1 This Act may be cited as the Debt Settlement Protection Act. 2 In this Act, (a) “agent” means a person employed, appointed [...]
- Personal Finance Struggle Universal. Many Dealing With Trying to Make Ends Meet.
When you are struggling to find enough money to get through the month or make ends meet, it an feel as if you are all alone in that effort. Money troubles are internationally universal and experienced by people around the world. Just yesterday I wrote about consumer debt levels increasing in Australia and Canada. The [...]
- Timeshare Telemarking Fraudster Sentenced
It was announced on January 9, 2012 that Jennifer Kirk was sentenced to 188 months (almost 16 years) in prison for conspiracy to commit mail and wire fraud when Kirk victimized consumers in a timeshare telemarking scam. Kirk will also serve five years of supervised release after the completion of her prison term, during which [...]
- Consumer Debt a Growing Problem in Canada and Australia
Recent reports out of Canada and Australia paint a similar picture for consumers in both countries. Consumers are loading up on consumer debt and it is becoming a concern for regulators. Right now levels are about the same, consumer debt is approximately 150 percent of income. Both Canada and Australia have experienced less unemployment that [...]
- Canadians Warned About Debt Reduction Companies
The Financial Consumer Agency of Canada today warned Canadians about debt reduction schemes to avoid and provided some helpful advice. Debt reduction companies: Beware of “too good to be true” offers The Financial Consumer Agency of Canada (FCAC) is warning Canadians to be very cautious about companies that claim they can negotiate a deal to [...]
- Will my UAE debt chase me in Canada? – Saif
I am working in uae and accumulated debt upto $150k and not in a position to service the payments in near future. since the situation is to come , i am planning to mover to canada as i am permanent resident and living there though i belong to india. now please advice me , where [...]
- How can I get out of my Canadian consumer debt? – Graham
I am almost 25 years old and with my childish behavior behind me I have a financial mess to clean up. My goals are to start a family while being debt free. I am Canadian (Not sure if that matters) I read your e-book and through the endless links between the lines I decided to [...]
- The Best Way To Sucker A Timeshare Owner Into Something (Other Than A Timeshare) Is A Way OUT Of A Timeshare
Another Florida based telemarketing scam has arose under the name Universal Marketing Solutions and Creative Vacation Solutions targeting owners of timeshares throughout the United States. Last week, Joel Intravaia, of Florida was sentenced to 60 months in prison followed by three years supervised release along as a result of his guilty plea to a one [...]
- On The Twelfth Count Of Mail Fraud My Scammer Gave To Me…
In November, Steven Folan, of Florida, pleaded guilty to a thirteen count indictment charging him with one count of conspiracy to commit mail fraud and wire fraud and twelve counts of mail fraud. The indictment alleged that Folan and others were involved in a telemarketing scam, operating in Florida, that bilked over 22,000 victims of [...]
- CPA Pleads Guilty In Connection With $670 Million Fraud Scheme
Certified public accountant (CPA) and alleged outside auditor for Provident Capital Indemnity (PCI), Jorge Luis Castillo, plead guilty last week for his role in a $670 million fraud scheme effecting victims across the country and abroad. Castillo plead guilty to conspiring to commit mail and wire fraud, which carries a maximum penalty of 20 years [...]
- FTC Gives APEC Cross-Border Privacy Rules Thumbs Up For Consumer Information Protection
Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves [...]
- U.S. Debt Relief Providers Targeting Canada and Canadian Debtors
A Canadian trade association reached out to me to let me know what they are seeing from across the boarder. And it sure does not look like the face of America we want to portray. Since I have not had an opportunity to verify the details related to the documents given to me, I’m going [...]
- I’m in Canada But Have Bad Debt in Bahrain. – Peter
“Dear Steve, im a permanent resident in canada, right now. i have unpaid loan in bahrain and agency is chasing me. they said i’ll be hunted down by interpol, ban in any travel and blacklist in any immigration. and put me in jail. can they do that? what will be the problem if i’m not [...]
- Canada Consolidation Order / Orderly Payment of Debt (OPD)
I’m really just posting this so I can easily find it later when someone from Canada asks a reader question. Consolidation order / Orderly payment of debt (OPD) (Applicable only to residents of Alberta, Saskatchewan and Nova Scotia) What does it mean? If you are unable to manage your current debts, you can voluntarily seek [...]
- Consumer Debt in Canada Reaches Record Levels
While consumers in America have been reducing the amount of consumer debt they are carrying, Canadians have been loading up on new debt. A reader and tipster just sent me an article that shows overall Canadian household debt is at $1.5 trillion and it states people earning under $50,000 often have to borrow just to [...]