You`re in Canada, you don`t have to pay shit, never did, never will. I personally wouldn`t have paid what you have paid so far.
Stop looking for any expert help on this, all experts will tell you the same shit.....the shit they`ve been taught on how the whole credit system in Canada works....but they don`t know shit, but they`re clueless that they don`t know shit.
Never listen to an expert on this matter, they`re trained to think within the lines.....inside the box.
The Canadain credit system was my main area of revenue for almost 20 years.
As a young man I was taught how to manipulate it by the `true`experts, crooks theyre called by the government, but theyre really shady entrepreneurs, they were great guys, they taught me alot about how life really works as opposed to how it looks like it works. Same with business and the Canadian credit system.
My advice is to default on anything you have left owing, you should have done this from the start, then you would have had money to start another venture and get back on your feet. DO NOT CLAIM BANKRUPCY.....ever in Canada.
Reason being is because even though it`s supposedly off your record after 7 years it really isnt, it`s there for life, they just cant deny you credit based on it ....after 7 years.....but they can still see it....and some bank forms...loan forms....financial forms etc can ask you if you`ve EVER claimed bankrupcy....meaning Ever.....not asking in the last 7 years. There goes the whole 7 year bullshit theory by the experts.
No a bank cannot hold it against you technically, but the loan officer, bank manager....can still see it, it`s a psychological thing, you dont want it there.
You dont have to claim bankrupcy in canada, in the states yeah, its a form of protection, in cananda it doesnt matter, credit agencies have no real power here anyway....in the states yes they do, in canada they dont, all they can do is call and bug you, thats it. so change ur number every 2 months, ive done it.
credit agencies are stand alone agencies in canada, they have no power, even though they still nuerotically believe they do. Anybody working for a credit agency in canada will tell you all about how much power they have, even though theyve never seen it, strange but true, they are so delusional.....they actually believe they have the same power as credit agencies in the states.
Ive been on the phone with many over the years telling me all the horrible things they were gonna do, then me telling them to fuckoff and hanging up and changing my number....again and again....i was such a little bastard in those days.
Anyway, the fact remains, they cant touch you as long as you default, claim bankrupcy and it gives them all kinds of legal loopholes into your life you dont want them having.
You do what you want, but i advise default, it works and theres no mess afterwards and in 6 months to a year they will forget about you and write off your debt, maybe 2 years, depends.
I`ve advised a few people over the years, one guy that owed 4 million, he was a buddy, and he wouldnt be back in business today if he would of listened to the so called experts instead of me.
Also, there is a way you can start a brand new legit credit file, i suggest waiting 6 months after defaulting though. And no its not that dumb business number bullshit they pedal in the states, mines legit, people have paid me for it, ill give it to you free, im not posting it here.
Do not attempt any of the shit in the usa, or try to default against the canadain gov, it cant be done.
