Richard Cooper

Is Debt Settlement a Scam?

This is one of my favourite all time question. For years the Canadian media has been picking up random information on debt settlement companies from our American cousins. While there are tens of thousands of success stories, most of the published stories... Read >

The 7 Questions You Need to Ask a Debt Settlement Company Before You Sign Up.

Having settlements negotiated on your credit card debts requires know-how, patience, persistence and requires a lot of time. Using a good debt settlement company is a great idea if you want it done right. The total cost of getting your debt settled ov... Read >

Credit vs. Debt - Can I Get Debt Free Without Ruining My Credit?

If you are drowning in debt, and you are serious about doing something to end your financial problems, then you will need to decide where to focus your efforts. You should decide, do I want to eliminate my debt or rebuild my credit? For most people wit... Read >

Collection Agencies to Stop Using Fake Legal Documents?

In a letter addressing 176 collection agencies in Ontario the Registrar of Collection Agencies appears to be making a change in the way Collection Agencies in Ontario can do business. In the past collection agencies in Ontario and their lawyers have be... Read >

How Facebook Can Get You in Serious Trouble with Bill Collectors

We recently discovered that bill collectors are using popular social networking sites like Facebook and Myspace to dig up very personal information on people in debt. Recently a bill collector from a collection agency purportedly discovered new employm... Read >

Bill Collectors - The 7 Biggest Lies Exposed

1. I am from the Legal Department and you are being sued. From my experience less then 2% of all debts listed to a collection agency ever result in formal legal proceedings and in most cases legal costs required to initiate a lawsuit have to be advanc... Read >

Filing Bankruptcy in Canada - Shocking Facts Most People Don't Know About

Bankruptcy can sometimes be your best way out of an overwhelming debt situation but you should consider how the law forces a Trustee in Bankruptcy to operate in Canada. The bankruptcy process must be administered by a Trustee in Bankruptcy. Most Truste... Read >