Don't let a collection agency or their terrorism be what pushes you into bankruptcy. Man, there are so many people that this has happened to over the last 20 years, whoch has created even more problems than it ever solves.
Bankruptcy is what people know though because they hold the dominant business position promising remedy to the consumer population. It is not that promising though unless you are REALLY bankrupt. If you are not bankrupt then you should steer clear of it. A consumer proposal is a bankruptcy firm's way of making even more money than traditional bankruptcy proceedings, so you have to think best strategy for you.
The system is not that difficult to negotiate with once you have the tolls and intelligence to do it. THat is what The CFW Group provides. We are not "anti-bankruptcy" by any means. However, we are all for the consumer, and the development of a working relationship, and what you need is just that to get you where you need to be.
The other opportunities you may have could very well be caught in a limitation issue. People who are in hardship with virtually no ability to come out from underneath the weight of horrendous student or any debt can benefit largely in these types of cases.
This is where we have to separate those whoa re able to contribute from those who cannot contribute. If you can contribute, then there are several opportunities at your disposal. If you cannot contribute, and can demonstrate fully then the opportunities/benefits are much more. So in other words - there is opportunity for EVERYONE except for those who intend to screw the system. Unfortunately, that is a frequent problem more so today than previous years and I suspect this is because of the economic climate and severe anger and resentment people have towards the student loan system and it's management in general.
So look, if you want to be free of being hounded, harrassed, or terrorized by collectors that can be remedied. If you want to get set up on a productive repayment structure where YOU pay directly to them affordable installments, that can be done. If you want to build a working relationship with them whereas you materialize to become a human being in front of their eyes rather than a statistic of bias and whatnot, than it can be done. It is what I and this group does for you - or teaches you how to do! People often save a lot of time and money this way.
I charge a fee and it is MINISCULE in comparison to what bankruptcy or digging a hole and living the life of a gopher will cost you.
If you have me do this then the context of your life will be taken into account and that is where it starts.
So, if you were my client, then here is the benefit:
first - If there is a limitation issue and you are in financial crisis past and current - and if there are obstacles in your path that will prevent you from getting out from underneath this in the future then this is the ultimate opportunity/benefit. Then you are done with it.
If it is not barred then:
1) All risk areas will be approached and a preemptive intervention will take place to secure those risks and turn things around.
2) Your CSL will be addressed whereas you will be able to pay them a reasonal monthly installment and no threat of justice activity or litigation.
3) The same applies for the CIBC share.
4) You won't have to worry about NCO because they will have no further need do anything other than communicate with CIBC and monitor whatever the arrangement you make with them.
The longer-term opportunity and benefit is: debt reduction due to hardship with extenuating circumstances. If your hardship is sever enough then the government may be willing to remove the debt from recovery due to that hardship, providing it is demonstrated properly and convincing.
The bank will help you too IF the relationship is in place. You are NOT going to secure that sort of relationship through insolvency or gophering up because they turn their back to those results.
So, after reading these opportunities and potential benefits, is it what you want?
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