Line of Credit - 20k (Cannot pay)
Hi,
I need your help as every other person nowadays is with Debt.
I had a 20k line of credit (From RBC) outstanding for a while now (2 yrs). The case has been forwarded to NCO collection agency.
Now the problem is that they keep on harassing me and calling me. At this point in time I have a part time job and cannot keep up with the expenses. I wanted to pay and my intention is also clear but I need some kind of payment arrangements with them which they are not willing to discuss. They are very rude. I am not surprised at that. That's their job and that's what they do.
My question to you is this and I would really apprecicate if you could help or provide your expert opion on it.
What are my legal rights.can they take me to court. If so?? Then what happens.Also what is SOL.How is that applied in my case? I have heard about the new 2 year law.
Also can they garnish my wages. I only have a part time job and the other income I have is the child tax benefits that I get. Can they get those if lets say the court takes the case over. Can the judge forfeit it. I don't have any other income nor have any assets or a house. I live in rented basement with my 2 kids and husband. My husband is working and has a decent job but nothing great.
Please provide me with your opinion.
I really hope to hear from you soon. Note that I do not plan to sign a consumer proposal or file for bankruptcy.
Thanks,