CREDIT PROBLEMS RUINING YOUR LIFE? You Cannot Out Run Your Debts
If you recognize yourself here, you need financial counselling and assistancex EARLY WARNING SIGNS OF FINANCIAL DISTRESS
- Are you constantly receiving past-due notices on charges or bills?
- Are you borrowing money between paycheques?
- Are you taking out new loans to pay off old ones?
- Are you behind in rent or mortgage payments?
- Are you frequently relying on automatic overdraft protection on your chequing Account?
- Are you using credit to meet monthly necessities?
- Are you only making minimum monthly payments on credit card accounts?
- Are you fully drawn on your credit facilities and unable to meet monthly payments, or pay down principal?
- Are you being sued by any of your creditors?
- Are your wages being garnisheed?
- Do you and members of your household frequently argue about money?
- Do you frequently worry about money and money problems?
Collection Agencies What to do when the vultures are after you. Your rights if any. This is not legal advice. For legal advice consult the excellent lawyers on CanLaw. Most offer a free half hour consultation. It is a criminal offence for a collection agency to harass or intimidate you, to send you threatening mail or to threaten you over the telephone or in person. It may be a criminal offence if a collection agency is calling you many times a day at home or at work or is using scare tactics to get you to pay them. If a collection agency is harrassing you: - Log all calls from any collection agency. You will need a record of harrassing phone calls etc to back up your complaints.
- Get and write down the
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BANKRUPTCY ISSUES ON CANLAWSee the all new CanLaw Directory of Bankruptcy Trustees PROBLEM WITH YOUR BANK?
Here are the hard to find complaint numbers for the major banks, however they do change them frequently:
- Bank of Montreal Vice Chairman of personal banking: 1-800-372-5221
Ombudsman: 1-800-371-2451
- Bank of Nova Scotia: Office of the President: 1-877-700-0043
1-800-785-8772
- CIBC "Customer Care Centre" 1-800-465-2255
1-800-308-6859
- RBC FInancial Group: "Customer relations centre": 1-800-769-2540
Ombudsman 1-800-769-2542
- TD Canda Trust: "Customer Service" 1-800-430-6095
Ombudsman 1-800-361-0319
Ombudsman for Banking Services and Investments 1-888-451-4519
Consumer Connection Canada's authoritative information source for and about Canadian consumers. Brought to you by the Federal Department, Industry CanadaConsumer Handbook Tips on these consumer issues: Advance Fee Scams |
Buying - Before You Buy |
Buying - After You Buy |
Collection Agencies |
Consumer Privacy |
Contracts |
Credit Repair |
Debit Card Fraud |
Door-to-door Sales |
Electronic Commerce |
Fraud |
Funerals |
Home Renovations |
Identity Theft |
Landlord and Tenant Problems |
Mail Order |
Major Purchases |
Misleading Advertising |
Moving |
Multilevel Marketing and Pyramid Selling Schemes |
Online Fraud |
Product Safety |
Refund and Exchange |
Rent-to-own |
Telemarketing |
Travel |
Unfair or Deceptive Business Practices |
Warranties |
MANAGING YOUR CREDIT, YOUR MONEY AND YOUR ASSETS
- Federal and Provincial Income Tax for Individuals
- Personal Tax Calculator How much tax will you pay? Developed by Ernst & Young.
- CanLaw no longer supports or recommends Quicken or Quickbooks by Intuit. They have the most appalling tech support policies we have ever seen. They charge you for every question, no matter what. They have permitted corporate greed to overwhelm their obligation to support their products.
- Canadian Bankers Association
includes tips and tools to help you use credit effectively and to reduce and control your debt. An excellent comprehensive and Canadian web site for credit, money management, mortgage information and on and on.
- ING and Sympatico Personal FinanceDespite their extremely annoying commercials, they are another of the best Canadian financial management sites.
BUYING A CAR? There are many excellent resources available on the net to help even the odds in your battle with one of the most dishonest industries you will ever face. Tip # 1: ALWAYS assume that anyone selling cars, car repairs or services is lying. (Would you really want one of these people to marry your child?)
Banking and Financial Services
Financial Calculators
- Cost of Borrowing Calculator
- This calculator will enable you to compute the TRUE amount it actually costs to purchase an item using a store card or financial institution credit card, a line of credit or a rent-to-own contract.
- Credit Card Costs Calculator
- This interactive tool is designed to help you identify which credit card will cost you the least in interest and fees over a year, based on how you use your card.
- Financial Service Charges Calculator
- This tool will allow you to compare the monthly service charges of chequing saving accounts at various Canadian financial institutions.
- Mortgage Savings Calculator
- Should you "break" your mortgage and go for the lower rate? What will you save if you prepay?
What are the costs and savings of a shorter or longer amortization period, or a higher or lower interest rate? Our calculator answers these questions!
- Mutual Fund Fee Impact Calculator
- This calculator will help you understand how fees and other expenses can affect your mutual fund investments. You can also use it to compare different funds.
Here is your favourite subject... Tax Information links.
Canadian Tax Foundation
Canadian Taxpayers Federation
Canadian Customs and Revenue Agency
Department of Finance Canada
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