Money problems: When debt catches up

Man with empty pants pockets

Image  by 1820796.  CC0

Read Original Version (CLB5+) You are reading the Simple Version (CLB3-4)

Skip to:

Do you have money problems?

  1. Are you:
    • spending more than you earn?
    • using credit cards all the time?
    • borrowing money monthly?
    • paying only the minimum payment due on credit?
  2. Are creditors:
    • calling you for payment?
    • threatening to sue?
    • saying that they will get your car, furniture or other possessions?
  3. Were your utilities (hydro, water, telco, etc.) cut because you cannot pay your bills?

Get help if you have said yes to any or all of the above.

How to get help

Follow these steps:

  1. Admit your problem. Stop spending and adding to your debt.
  2. Get debt counselling. Debt or financial counselling agencies offer solutions.
    Go to:

Financial literacy programs:

Learn good habits to handle money:

Your Rights: Collection agency

It is against the law for a collection agency to:

  • phone or visit before 7:00 a.m. or after 9:00 p.m.
  • phone or visit on a Sunday or a statutory holiday.
  • trick you with a paper that looks like a legal document or a court form.
  • harass you or your family.
  • say that they will repossess goods without authority.
  • get any goods when no one is at your home, except with court authority.
  • harass neighbours or friends to know the where you (or members of your family) are.
  • get any item that they are not authorized to get.
  • phone or telegram collect. (Collection Practices, Manitoba Consumer Protection Office)

Contact the Consumer Protection Office if you have questions.
Sources: Consumed by debt? Government of Canada site; and Consumer Protection, All accessed October 5, 2017.

Back to top

Community Resources

Read Talking about Money to help you handle your money in Canada.

Back to top

We'd love to hear from you!

Please login to tell us what you think.

Related Learning Activities

Tips about how to get ready to file your tax return in Canada

T1 form for tax return in Canada

Taxation can be a very difficult and overwhelming topic. The goal of this workshop is to make it a little… Read more »

Preparing yourself for retirement in Canada

A young girl stacking piles of quarters.

Getting financially ready to retire in Canada is one thing, but there’s a lot more to it that that. Come… Read more »

The importance of having a will

A young girl stacking piles of quarters.

we have all heard that it’s important to have a will, but why? Come to this workshop and find out!

The importance of having a will

Article thumbnail fallback

Having a proper well could save you and your family from financial disaster. Join this workshop to discover the importance… Read more »

Back to top

CC BY-NC-SAText of this page is licensed under CC BY-NC-SA, unless otherwise marked. Please attribute to English Online Inc. and link back to this page where possible. For images and videos, check the source for licensing information.