Re: Help!!! Debt forgiveness for ODSP recipients

[Lorene]

Darin, It depends how long have you finished the last school date. The
loans have to be at least 7 years old, not under, to be qualified for
bankruptcy.

My OSAP loans was at least 10 years, well almost. At the time I had
to wait til at least 10 years when they changed the law to down to 7
years old in 2008 few months before I start processing for bankruptcy.
It was at the point that Revenue Canada stepped in and stop the tax
credits that I had to file for bankruptcy. I am officially declared
debt free or discharge as of June 2009. I am just so happy no more
harrassing phone calls and no more threatening mail from all kinds of
collection agencies. I am stress free and happier nowadays today.

Lorene



On Aug 16, 3:28 pm, nvp <vande...@lao.on.ca> wrote:
> Hi Darin,
> there is no way to actually get debt forgiveness because of being on ODSP.
> The only possibility is bankruptcy.  Actually, the same credit cousnselling
> agency that set up the $300 payment for you should also be able and willing
> to explain bankruptcy to you.  People filing for bankruptcy do have to pay
> a fee; that is usuallyu taken from the GST and property tax (now called
> "Trillium) tax credits.  It is a hardship to do without those for a year
> but at least it gets rid of your debt, and it would be way less difficult
> than paying $300 per month.
>
> The other choice you have is just to stop paying the $300 per month.  ODSP
> cannot be "garnished" to pay off debts.  They cannot take it from your bank
> account.  If the $300 is currently coming from your bank account, you might
> have to fight to get that stopped --or it might be easier to just open a
> new account for your ODSP to be deposited into.  You will still owe the
> debt, and debt collectors could call you and tell you to pay, but they
> would not be able to get any money if ODSP is your only source of income
> and you don't have assets.
>
> I would still advise you first to go back to the credit counseling agency
> and exlain changed circumstances.
> Nancy Vander Plaats
> community legal worker
>

[SW]

Darin--don't file for bankrupcy---do a consumer proposal--your credit
rating will be the same as bankruptcy, and you will have to make
payments, but they are WAY lower than what you would have to pay now.
My debt had amassed to a huge amount and they reduced it by a quarter.
My minimum payments were less than what you have to pay. Do some
searches online for Consumer Proposals--you also get to keep your tax
returns and gov't checks. If you file for bankruptcy, you don't.

Lastly---sad but true, if you default on payments, if you have no
assets, they can't really do anything. This was told to a friend of
mine who went through a similar situation. They said 'you can't get
money out of a stone" (her family was able to help her out in her
case)



On Aug 16, 9:17 am, Darin <uncleda...@gmail.com> wrote:
> Need help finding information!
>
> I was working and wanted to get out of debt so I went to
> credit counselling and have been paying $300 every month.  But my PTSD got
> really bad and I had to go back on ODSP!!!  Does anyone know of where I can
> access information to get forgiveness of this debt based on being an
> ODSP recipient or metal health related reasons?  I simply cannot pay $300
> every month any more!!
>
> Much appreciate the help - feeling overwhelmed and really sacred.  If you
> wanna email me directly about this: uncleda...@gmail.com

[Michael Bertrand]

Melanie, I also think you could just call it greed and worry about the consequences later, even with many people on ODSP. They get a credit card and they go wild and max it out and then they are screwed. I have neighbours that  try to bum smokes and borrow? money at the end of every month because they know I have it (I budget well and my credit cards are paid in full every month I use one). I always say no to loaning money and for smokes I just tell them fifty cents a smoke and $12.00 a pack, but it's the same every month and the same people. It may seem cruel but I am not set up to be a bank or to support someone else. I even get offers for credit cards on my cell phone.

 

 

----- Original Message -----

From: Hope

To: odspfi...@googlegroups.com

Sent: Saturday, August 25, 2012 11:51 AM

Subject: [odspfireside: 48141 ] Re: Help!!! Debt forgiveness for ODSP recipients

LOL, pretty soon we'll all know someone who has used them because Canadians are up to their eyeballs in debt.  I'm not even kidding, the average household debt as reported by some big financial watchdog this past week was $23,000.00.  This is non-mortgage debt.  We have a serious problem here folks.  The problems are - too little income and our culture and how it wants so much now (you want it, you buy it now and pay later).  They said this is the highest debt has ever been in Canada.

It's going to be a good year or decade for these consolidation agencies.  Business will come pouring in.

I get a credit card offer or personal loan offer at least once a month.  I do believe your banks share information on a central database to credit card/loan companies.  They have to.  The more debt you have, the more they want your business.  They want you buried.

Melanie

 

[Ron Payne]

I have a friend on OW and when they maxed out the 3 = $1500.00 credit cards, one company increase the limit to $3000.00.

Like many, this kind of thing is going to come back and bite some rear ends.

Ron

[Paul]

The only people you should consult are CREDIT COUNCILORS, not DEBT
ELIMINATION companies.

DEBT ELIMINATION companies are in the business to make money and take
a portion to pay for their services. That money you pay for them to
resolve your debt could better be used to actually pay your debt.

Using DEBT ELIMINATION companies you are not off the hook it these
companies fail to pay your debts.

I watch U.S. Suzy Orman and she mentioned that the way to go is
CREDIT COUNCILORS. They are not in it for the money, they are like coaches.

Whatch who you use to get rid of your debt!

[Ron Payne]

That is $40.00 per month.

Call Kerry at 905- 525-5824 Welcome Inn
Email Kerry Turcotte, M.A.(ke...@welcomeinn.ca)

Ron

On Sat, Aug 25, 2012 at 6:03 PM, Ron Payne <welfarel...@gmail.com> wrote:

In Hamilton the WELCOME INN has a program that will match your savings dollar for dollar up to $40.00 per month for 6 months and teaches all about debt and budgeting.

Phone Kerry and ask if they will do your area.

Mention my name

Ron Payne
Welfare legal
Hamilton, Ontario


P.S. This is not considered income at OW or ODSP.

Pass it around

Ron

On Sat, Aug 25, 2012 at 2:56 PM, Paul <paul...@gmail.com> wrote:
I watch U.S. Suzy Orman and she mentioned that the way to go is CREDIT COUNCILORS.  They are not in it for the money, they are like coaches.Whatch who you use to get rid of your debt!

[Ron Payne]

In Hamilton the WELCOME INN has a program that will match your savings dollar for dollar up to 4$0.00 per month for 6 months and teaches all about debt and budgeting.

Phone Kerry and ask if they will do your area.

Mention my name

Ron Payne
Welfare legal
Hamilton, Ontario


P.S. This is not considered income at OW or ODSP.

Pass it around

Ron

On Sat, Aug 25, 2012 at 2:56 PM, Paul <paul...@gmail.com> wrote: