Hey, I just joined this forum today. I am a member of several car tuner forums and I get all my car questions answered there so I though why not try a Credit forum for some much needed advice and clarity on my debt situation. The total debt: Approx 18,000 The creditor: Bank of Nova Scotia (Toronto Canada) I have pretty much ignored the accounts(chequeing,visa,line of credit) for about 8 months or more now. My file was recently handed over to a Collection Agency and I have spoken with them once but not agreed to anything yet. He said the bank has not pushed any legal action yet. I have also spoken with a credit counselor previously and looked at options but not agreed to anything because I would like to try and save my credit rating. I need advise on what options I have that the collector and the couselor are not giving me? The collector offered for me to pay 14,000 and have a R5? Can I get a much better deal? I would really appreciate help!!! Thanks.
I am sure you will get plenty of help from people here but if you need immediate assistance, you should try Private messaging an administrator on the forum.
Just go to any thread on this forum and look at the peoples names and if it says senior member or administrator, they usually give you great advice, atleast thats what I did. Good luck
You did? Or are you just posting inane comments to get post count up so you can spam? Posting a question here is the best way to get help. To the OP--do you live in Canada? Most of us are in the US, so we're not familiar with Canadian laws.
There is a Canadian forum out there somewhere. I don't have a link to it anymore. I used to post over there from time to time but the problem is that Canadian consumer protection law varies from province to province so the only people you could trust would be people from your province. Most of the provinces don't have their consumer protection law on the internet either which makes it even tougher. One think I can tell you is that regardless of province Canadian law is even more consumer friendly than American law is. I wish I knew more Canadian law than I do which is very little indeed.
Dumb Bob doesn't know, but your question doesn't really seem to be about Canadian law. It seems to be about that you have a debt with a bank that you haven't been paying on and you wonder what to do. When you look at your credit reports, do they show that this bank reports your situation each month? If they do, they would in the US, that would surely be hurting your credit score. Dumb Bob finds it difficult to believe that you could substantially reduce the amount you have to pay without simultaneously negatively affecting your credit score. If this were not true, there would hardly be much of a point of having a credit scoring system.
That's not surprising. It is a forum that deals with Canadian student loan problems. Search that way and you might find it. I'd try Bing as well as google. Bing often does a much better job than google does.
