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    stylus's Avatar
    stylus Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 14, 2007, 10:12 AM
    Canada US Credit Card Debt and Collections Agencies
    I am a Canadian living in the US. I have approx. 32K in credit card debt. The job I have does not pay anything close to what I was making in Canada and for the last 9 months have been unable to pay the minimum on these 2 credit cards. I am getting unrelenting calls from a Canadian Collections agency. They are saying that they are going to suggest my bank take legal action.

    I don't know what to do, I continue to get these calls she is saying that they want all the money NOW... I am unable to do that... I don't know what to say or do. Now this debt consumes so much of my thoughts.

    I don't know what to do... I'm scared.

    Help!
    icecream's Avatar
    icecream Posts: 160, Reputation: 6
    Junior Member
    		  
    #2

    Nov 14, 2007, 12:33 PM
    Have you considered bankcruptcy?

    I'm sure Scottgem will see this post and have a well intelligent answer than mine:D
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Nov 14, 2007, 12:53 PM
    Try contacting a credit counseling service or even talking with the creditors instead of waiting for them to harass you and see if you can make some better arrangements.
    stylus's Avatar
    stylus Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Nov 15, 2007, 09:06 PM
    I did try a credit counseling service, they did suggest a consumer proposal. This seems like a viable alternative to bankcruptcy. Are there any pitfalls I should be aware of?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #5

    Nov 16, 2007, 05:57 AM
    Just make sure they are reputable.
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