Margaret H. Johnson ACE, RQIC, is a thought leader in the field of credit education and debt management. She offers 100% confidential and unbiased credit counseling and debt consolidation services. If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business finance.
Consumer Alert: Debt Settlement
Written by Margaret Johnson | Thursday, 10 May 2012
The Ontario Government’s Ministry of Consumer Services is the latest government body to issue a consumer alert “warning consumers to exercise caution when considering a contract for debt settlement services.” They warn that “complaints about companies offering debt settlement services are increasing,” and “most of the complaints are about unclear or misleading contracts, excessive fees, and failure to reduce debts as promised.”
If you are considering using a debt settlement company read the following official government warnings and learn the difference between debt consolidation and debt settlement. Make an informative decision!
Government of Canada Consumer Alert
Ontario Government Consumer Alert
Prince Edward Island Government Alert
Manitoba Government Warnings and Action
Nova Scotia Government Cautions Consumers
Ontario Provincial Police Warning
If you have made an agreement with a Debt Settlement company and have experienced an unfortunate or unforeseen situation please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 1.877.588.9491 ext.119.
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