Not exact matches
The legislation gets complex for Section 75a, because for a purchase to be covered, the finance must be properly linked to an item (known
as a
debtor - creditor -
supplier agreement) so the finance company can see a clear relationship between the money and the goods.
However, we asked the Ombudsman and it said although PayPal appears
as the merchant on the cardholder's statement, it can not be seen
as the
supplier in a
debtor - creditor -
supplier agreement under section 75.
Analyzing cardholders» spending habits and debt for purposes of assessing their present financial status Teaching
debtors how to rebuild credit and establish a positive credit score Creating a debt - elimination plan to enable borrowers to attain their financial objectives Negotiating lower payments and interest rates on behalf of their clients
Supplying a multitude of calculators
as an aid for debt analysis Furnishing financial educational pamphlets
Another way that borrowers can reestablish their credit is by using a secured credit card, which works
as follows: A
debtor supplies the funds up front by placing a specific amount of money in an account.
We advise clients who are counterparties on major contracts with the
debtor, such
as construction,
supply, intellectual property and franchise agreements.
If the court makes such an order, requiring the
supply either on the same terms
as were offered to the
debtor prior to the CCAA filing or on terms determined by the court, then a charge over the property of the
debtor is granted in favour of the critical
supplier.