by Ajay Oberoi | Bankruptcy, Budgeting, collection calls, CRB, Garnishment
There have been changes made during this pandemic time to EI (Employment Insurance) and CRB (Canada Recovery Benefit) and with this the implications of prohibiting garnishment is still intact for creditors. If you do have an overpayment in any case with your EI the...
by Ajay Oberoi | Budgeting, car financed, Car Leased, collection calls, Consumer Proposal, credit report, Insolvency, parking Tickets
Wondering If There’s A Connection Between Unpaid Parking Tickets And Your Credit Score? Forgot to pay that parking ticket you got a while ago? Ignored it? That same ticket won’t disappear and leaving them unpaid can more than likely end up on your credit report. If...
by Ajay Oberoi | Bankruptcy, Budgeting, collection calls, cosign, Debt, Debt Management, Divorce, Insolvency
Co-signing loans for family members can at times lead to an unfortunate ending. It is common to hear of instances where family members have co-signed on a loan only to suffer consequences after because loan terms were not met. If you co-sign a loan you are included as...
by Ajay Oberoi | Budgeting, collection calls, Consumer Proposal, Credit Counseling, Divorce, Grocery Shopping, Insolvency, Job Loss, Uncategorized
Setting up an emergency fund to have ready for those rainy days is one of the most important things you should do when becoming free of debt. What’s The Purpose Of An Emergency Fund? Things always happen unexpectedly and those unexpected things can usually lead to an...
by Ajay Oberoi | Bankruptcy, Budgeting, collection calls, Gambling, Insolvency, Jail Time
Of course there are repercussions in the instance that you fail to fulfill your payments involving debt when they are due, but you will not be facing jail time because of credit card debt, bank loans, and payments on bills, student debt, or not paying a collection...
by Ajay Oberoi | Bankruptcy, Budgeting, car financed, Car Leased, collection calls, Consumer Proposal, Credit Counseling, Divorce, Insolvency, Job Loss
Getting behind on car payments is not something that is taken lightly by finance companies. In order for them to recoup the amount owed, more times than not they choose the option of repossessing your vehicle. This does not solve their issue completely. In nearly...