Hi there. I've read in this forum about "Can the US collection agency find me in Canada?". For my case, it is the other way around. I left Canada due to a failed franchise business that put me broke. Lost everything. Tried to get up, but didn't work out. No choice but to move to US and temporarily join some relatives and find my start point again. I'm working again and would like to resolve my debts in Canada in due time. For the time being, since I'm not in the position to fix it yet, I'd like to be informed more on my given situation. Can someone share their experience and expertise? Thanks.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.