stress over my debt
Question: I live in canada and i owe 20 000 for income taxes and a student loan which i don’t know how much it is now and bad credit cause i did not fufill the agrements each month. i need to do something fast to get this fix so i can reclaim my credit and name and i want to go to edmonton to work as a subcontractor for a drywall company that my friend offered me. for that i need 10 000 to get their a get settled.i hope theirs an answer for every question that i asked. thank you
Answer: If you have more debt than you can handle, you have a few choices. We suggest you seek professional advice, either by contacting a credit counsellor or a bankruptcy trustee. For debts to Revenue Canada, you will either need to make a repayment plan directly with them, or try a consumer proposal or personal bankruptcy.
As for getting the money to move to a new city, if you have poor credit you will probably not qualify at a bank, and therefore will probably need to rely on family or friends for help, or see if your new employer can provide you with assistance to get you started.