credit counseling
December 15, 2015 | by Melanie Coombs | bankruptcy, Blog, credit counseling, Finance
An important concept to understand before you file bankruptcy in Canada is surplus income. Here’s how surplus income works: Basically if you make more you pay more. If you are earning $200,000 per year and you go bankrupt, it’s only fair that you pay more to your creditors during your bankruptcy than someone who is […]
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December 4, 2015 | by Melanie Coombs | bankruptcy, Blog, business, credit counseling, Finance, News
The 407 has long been an issue when filing for bankruptcy. The Highway 407 act has allowed the 407 to notify the Ministry of Transportation when accounts fall delinquent and request that plate renewal be denied until the outstanding amounts have been paid. This practice has continued even after a debtor has filed and been […]
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March 5, 2015 | by Melanie Coombs | bankruptcy, Blog, credit counseling, Finance
Your credit rating is a measure of your perceived financial ‘health”. From a statistical point of view, your credit rating reflects how likely you are to make your payments on time your ability repay debts. It would take a lot of work for lenders to send out a personal investigator to check up on you […]
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January 4, 2015 | by Melanie Coombs | bankruptcy, Blog, collection agencies, credit counseling, Finance
Dealing with collection agencies can be stressful and complicated. Understanding your rights can help to lower stress make it far less complicated. A collection agency may not: Contact you until six days have passed from sending you written notice of the following A. The name of the creditor B. The balance owing C. The name […]
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