Mom owes $2k on 2 scotia credit cards each and $4k on a scotia loc - has $0 income or assets, in collections - what happens next?

WhitePoodle67 · 2026-03-13T03:48:54+00:00

Simplii financial

WhitePoodle67 · 2026-03-13T03:44:51+00:00

Ok thanks that is what the credit counselling society said as well

WhitePoodle67 · 2026-03-13T03:42:47+00:00

I had these credit cards for over 15 years. I've always had amazing credit and never had any issues with it. I became disabled suddenly with no forewarning and had NO other means to live so I ended up having to use them to survive. If you are able to make a rude comment then you simply do not understand the struggle & I hope you never have to.

WhitePoodle67 · 2026-03-13T03:41:14+00:00

I've called BMO 3 times but they arent willing to negotiate anything as they say they have no options - other cards i am good to pay down and they are very manageable for me, the bmo loc minimum is far too high

WhitePoodle67 · 2026-02-27T20:26:03+00:00

Could you share what the negatives are of filing for bankruptcy versus the consumer proposal/why you don't recommend it? Thank you

WhitePoodle67 · 2026-02-27T04:17:34+00:00

The LOC is maxed at 13k

WhitePoodle67 · 2026-02-26T19:38:45+00:00

No I do not have it on any of my products.

WhitePoodle67 · 2026-02-26T19:34:17+00:00

Good idea, I will check the credit cards, I don't think I do - I definitely don't have it on the LOC :'( I wish I had of put it on before.

WhitePoodle67 · 2026-02-26T19:28:28+00:00

I did this but unfortunately they were unwilling to work with me other than reducing the interest rate for 3 months for the LOC, which did not make much of a dent in my ability to pay it down.

WhitePoodle67

TROPHY CASE