Frequently Asked Questions

Do all my credit agreements have to be included?
Does my spouse also have to go under review?
Will I have money left for day to day expenses?
Do I have to undergo debt counselling at a company in my province?
What happens if I fail to meet my monthly obligations?
Will I still be able to apply for credit while under Debt Counselling?
Will I be black listed?
What if I get a job overseas?

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Do all my credit agreements have to be included?

Yes, all your credit facilities will be cancelled and all your cards destroyed.

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Does my spouse also have to go under review?

If you are married in COP, your husband also has to undergo Debt review

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Will I have money left for day to day expenses?

We will take your living expenses into consideration when restructuring your debt obligations.

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Do I have to undergo debt counselling at a company in my province?

No, you can undergo debt counselling with any company. We don't have to see you personally.

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What happens if I fail to meet my monthly obligations?

We will have to cancel our agreement with you and then your credit providers can take immediate legal action.

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Will I still be able to apply for credit while under Debt Counselling?

You may not enter into credit agreements nor use any credit facilities while under debt review.

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Will I be black listed?

Your credit profile will be flagged as under Debt Review and therefore you will not be able to obtain further credit until we have issued you with a clearance certificate.

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What if I get a job overseas?

That wont be a problem, as long you carry on paying your monthly obligation.

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