Home > Tag Archives: canada

Tag Archives: canada

Will I Be Chased in Mexico for My Private Student Loan?

Money puzzle piece

Question: Dear Steve, I am a Canadian who was given a USA private student loan with EdInvest that was then transferred to FirstMark Services, who now has my loan. I owe approximately 21000 USD and I am unable to make the loan payments. I do not live in the USA. I have 2 children and need the money for basic ... Read More »

    Can My Bank in Kuwait File a Case Against Me in Canada? – Trisha

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    Question: Dear Scott, I have an unpaid bank loan in Kuwait I have been paying it the last year or so but when I became unemployed I missed a few payments. At first the bank emailed me of my missed payments then just last month they emailed me that they will file a case against me. I emailed them saying ... Read More »

      British Columbia Pulls Rug Out From Under Advanced Fee Debt Settlement in Canada

      canada

      Enhanced protections for B.C. families, particularly those in financial distress, are at the heart of legislative changes introduced today by the B.C. government. The Province is taking action to regulate the debt settlement industry with amendments to the Business Practices and Consumer Protection Act (BPCPA). If passed, these amendments will prohibit debt settlement companies from charging fees until both the ... Read More »

        Candians Loading Up On Consumer Credit Despite Warnings

        Cemetery Caution

        Even as current economic conditions shift, consumer appetite for new credit continues to increase and total consumer debt (including mortgages) now stands at $1.529 trillion in debt, according to Equifax Canada’s Q4 2014 National Consumer Credit Trends Report. Comparatively, consumer debt (including mortgages) was $1.513 trillion in Q3 2014 and $1.42 trillion a year earlier: an increase of 1.1 per ... Read More »

          U.S. Canadian Telemarketing Scheme That Hurt Seniors – Shuttered & Settled

          Senior couple at home focusing on angry man

          Two defendants who participated in an alleged multi-million dollar telemarketing fraud that targeted U.S. seniors and withdrew money from their accounts without authorization have agreed to settle Federal Trade Commission charges. The settlement orders bar them from using remotely created checks drawn on consumers’ bank accounts, require them to obtain consumers’ consent before debiting their accounts, and prohibit them from ... Read More »

            Canada Pushes Back on Debt Settlement With New Regulations

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            In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

              Canadians Targeted in Student Loan Assistance Scheme From U.S.

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              The flurry of student loan assistance programs exploding is the latest debt relief pitch rolling out. I’ve covered these here, here, here, and here. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The consumer lives in Canada but the mailer came from the same notorious postal permit 1297 in Sacramento, California. ... Read More »

                Canada’s Largest Province Working to Ban Advance Fee Debt Settlement

                canada

                Hey Canada, better late than never, eh? Tracy MacCharles, the Minister of Consumer Services, stated today, “Ontario consumers need to have confidence that they’re getting what they pay for when purchasing debt settlement services. We’re going to introduce legislation that would protect some of our most vulnerable consumers from being taken advantage of, at a time when they need the ... Read More »

                  I Live in Canada But Back in Debt Again. Help! – Lisa

                  monster under bed

                  “Dear Steve, Hi Steve, My bankruptcy drops off my credit report in June (my 7 years is up) but because of medical problems that my daughter and I have had in the last 3 years I have some bills in collections (none are credit cards) now and I am so afraid of this whole situation I can’t even tell you ... Read More »

                    I Moved to the UK From Canada But Left Debt Behind. – Anna

                    canada

                    “Dear Jon, I moved to the uk from Canada to work. lived there for nine years. year and half ago dad died suddenly and moved back to Canada to help support mom. I want to go back to the uk to just visit friends for two weeks. when I arrive is there any chance custome/immigration will stop me from entering ... Read More »

                      Ontario Canada to Implement Advance Fee Ban for Debt Settlement

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                      Ontario Canada has announced new pending regulations to catch up with other provinces to protect consumers from advance fee debt settlement companies. The Minister of Consumer Services, Margarett Best said, “There is evidence of harmful practices used by some debt settlement companies and that is why our government is taking steps to protect consumers. We want to put a stop ... Read More »

                        Nova Scotia, Canada Cracks Down on Debt Settlement Companies

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                        Nova Scotia, Canada has recently introduced new legislation to help protect consumers from debt relief companies and rogue debt collection companies. The Debt Collection and Management Reform (2012) Act will target debt relief companies that make disturbing marketing practices and unachieved promises. It will also target debt relief companies that charge advance fee or up-front fees for debt help. “The ... Read More »

                          Canadians In Trouble – “Half of Canadians are Living Paycheque to Paycheque”

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                          For those living in the United States, while we’d like to think at time the world should revolve around us and we should be the center of everything, when it comes to mastering consumer debt, that’s not true. Consumer debt problems exist in every single nook and cranny of the earth. The early warning signs are appearing in Canada. Even ... Read More »

                            Canada Concerned About Exploding Consumer Debt Becoming a Drag

                            Ready to Collapse

                            Consumer debt levels in Canada continue to grow, creating a concern for the Bank of Canada. It’s a tightrope to encourage Canadians to spend to stimulate the economy and help improve the general economy in Canada and act prudently in order not to run up household debt to problem levels. As Canadian households have engaged in a borrowing spree, Federal ... Read More »

                              I Left Debt in Dubai and Now in the Philippines but Headed for a Job in Canada

                              Ready to Collapse

                              “Dear Steve, I work in dubai for 3 years from 2004 to 2007, then left due to credit cards and personal loans I cannot pay due to high cost of living in dubai, I’m here in the philippines and applying for a job in canada which luckily got an offer and start to process my documents but last week a ... Read More »

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