2025-06-30
The Four Stages of Debt Collection
Debt Solutions
Here are the four stages of debt collection you can expect.
Can Old Age Security Be Garnished By Creditors?
The only creditor who can garnish your Old Age Security is Canada Revenue Agency.
However, once it's deposited into a bank account, those funds can be seized by any creditor who has a judgment against you or, if you owe money to the same financial institution that your money is deposited with, that financial institution can seize the funds and apply them against your debt with them.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2025-02-27
Who needs a debt plan, and who doesn’t?
Debt Solutions
A debt plan can help you pay off your debts without going into more debt. Learn who needs a debt plan and how to develop a plan to achieve a debt-free future.
2024-11-13
Understanding financial literacy in Canada
Debt Solutions
These days, financial literacy is a crucial life skill.
