Debt has become one of the most critical issues in todayÃ¢â‚¬â„¢s world. Unsecured debt is increasing at an alarming rate, all over the world. Canada is the world's richest country with a high per capita income. But its sound economic standard does not help people in opting for loans as well as becoming a defaulter in paying them back. As a result, the Canadians tend to opt for debt solution.
Debt consolidation is one of the most effective debt solutions in Canada. Consumer spending is much low in Canada, mainly ranging from 52.8% to 58.9% (www.bankrate.com) over the last 25 years. Total household debt fluctuated between 26% and 36% between 1980-2005 . In fact, in Canada, it rose from $134 billion in 1980 to $916 billion, which is about 6.8 times of the total debt. According to the Office of the Superintendent of Bankruptcy, last year 84,638 Canadians filed for personal bankruptcy.
DebtCC debt help in Canada
Debt Consolidation Care (DebtCC) community, is mainly centered in US, but now on we are offering service in Canada as well. Our aim is to provide genuine support to the people the world over.
It is a pleasure to inform you that, lately we have started a forum for the Canada community. Please visit http://www.debtconsolidationcare.com/canada/forums/ to participate. It is true that we do not operate in Canada, but do provide you with effectual support from the most efficient companies. Recently we have selected a list of companies, based on their authenticity in terms of the customer service. Our listed companies exclusively deal with debt consolidation/settlement/bankruptcy in Canada, to provide you reliable service.
How we select a company?
- We contact some sites that are overly recommended by our community members.
- We ask them following questions:
- Why you?
- Some of your achievements.
- Services you offer.
- Your contact.
- The complete process.
Summary of Canadian debt consolidation laws:
- A Collector can pursue for payments but collectors cannot phone at unreasonable hours or jeopardize the debtor's job by interrupting him or her at work. He cannot charge, threat or promise on issues that pertains to matters other than the collection of the debt;
- The collector cannot communicate with the debtor's employer, without the consent of the debtor; except for the purpose of verifying the employment of the debtor,
- The collector cannot communicate with a debtor, the debtor's family or the debtor's employer in a manner and in circumstances that can cause alarm, distress and humiliation.