The Truth About Payday Loans and High-Interest Loans
December 3, 2020
Don’t be fooled by the misleading promises made by high-interest loan lenders who promise a quick & easy debt solution. Set yourself up for financial success.
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Wage Garnishment
When your wages are garnished it makes it difficult to live day to day.
We have solutions that can stop wage garnishment and get you back on track. Speak to our licensed debt professionals to find out more.
A creditor that hasn’t received their money can turn to wage garnishment as a court-mandated way to directly take funds from your income. When you have ignored payments (or simply been unable to meet them), your creditors can take up to 20 percent of your gross wages to go towards what you owe. Creditors often turn to this avenue if you’ve defaulted on your loans or haven’t made payments on your debts despite substantial reminders.
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Based on 740 reviews
Patty Murphy
21:34 18 May 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
Debbie Livingston
01:24 11 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
Cassandra Keenan
21:05 10 May 22
Nothing but good things to say about Jackie. She was so nice and so understand and everything was so quick and easy. In a matter of a week, there was the solution that I never thought was possible. Thank you so very much for everything that you have done. ❤️❤️❤️
Hubert Z
03:08 10 May 22
I was in a lot of debt and stress, Jackie Stanley with David Sklar & Associates was very professional, and extremely helpful with getting out of debt. I should of did this sooner, they take the all the weight and stress of a persons shoulders, amazing team at David Sklar & Associates!!
prettylush 13
02:42 10 May 22
Jackie helped me out during a really tough time and she made the entire process very easy and painless. I highly recommend reaching out to her if you find yourself in any financial trouble. You won’t be disappointed!
Kipyego arap Serem
19:00 09 May 22
I had a good experience with Jackie. Making appointment to see her was easy and follow up was great. I appreciated the detailed information she gave and the clear explanation of the options I had. While I landed on this company without anyone's recommendation, I will be happy to recommend their services to those who need them.
Ankita Sisodia
18:51 09 May 22
Jackie has been really helpful with my issues. She is approachable and friendly and I recommend her to anyone trying to access her services.
Christina Ivany
15:52 07 May 22
The service that was provided to me from Trina at David Sklar and Associates was nothing but superb! I was referred to them through family, and Trina was nothing but understanding and so so so helpful! Every part of the process was smooth and efficient and she explained everything to me so I would be able to understand the process. Can’t believe the weight that has been lifted off my shoulders. Thank you so so much Trina!
Linda Bennett
15:29 06 May 22
I’m so glad that I spoke to Rhoda. I was nervous having to claim bankruptcy, but Rhoda is very resourceful and has a wonderful way of putting you at ease. I felt like I was speaking to my best friend. Rhoda from the bottom of my heart thank you for your help and kindness it goes along way. Linda Bennett
Emma Higgins
19:14 02 May 22
I was absolutely terrified of admitting I needed help and was in a tough position where my best option was to file for bankruptcy. As someone with severe anxiety it was one of the hardest calls I had to make but once I spoke with Trina at David Sklar she immediately made me feel at ease and like I was in good hands. I mostly dealt with Trina and Eva who were so kind and communicative throughout the whole process and made it as painless as possible.I did briefly speak with a couple of other associates from time to time and they were also equally as lovely. The reviews for this company obviously say a lot about these guys and it rings true. I’m not someone who usually writes lengthy reviews but I am happy to recommend David Sklar and associates for anything. Thank you guys for always treating your clients like human beings and always being available for questions or concerns.
Jan Toone
00:43 28 Apr 22
I’m finally debt free! I made the right decision by contacting David Sklar to help me with my debts. Grateful to his Associates, especially Cori Naron, she’s very approachable, knowledgeable and kind. She indeed helped me succeed (with her advices and experiences) to pay off my balance before my due date 😇. Her office at St. Clair Ave. West is very accessible as well. I can now focus with my other goals - for I am a mother of Four….
Keeping It Real With Sandy and Ang
17:15 21 Apr 22
I highly recommend this firm. Christine has been such a help and was very professional but kind I was treated with respect at a time when I was vulnerable and overwhelmed and Christine in a very short time made me feel at ease I didn't feel judged or looked down on. This was a hard decision for me to make but I am so glad I took the leap to move ahead with a plan that is showing light at the end of the tunnel.. Again I highly recommend this firm as well as Christine.
Keeping It Real With Sandy and Ang
12:57 21 Apr 22
I highly recommend this firm. Christine has been such a help and was very professional but kind I was treated with respect at a time when I was vulnerable and overwhelmed and Christine in a very short time made me feel at ease I didn't feel judged or looked down on. This was a hard decision for me to make but I am so glad I took the leap to move ahead with a olan that is showing light at the end of the tunnel.. Again I highly recommend this firm as well as Christine.
Brandon Podilczyk
20:25 19 Apr 22
It's been good talking an working with gurvinder he helped me out a lot with my issue I was having an want to say thanks
Alex Vrzovski
16:14 11 Apr 22
David Sklar & Associates really helped me. Specially Jackie Stanley, and the whole team. It was a difficult decision to make, but I was so glad I made it. It was like a huge weight off my shoulders and felt like never ending payments to creditors that needed to stop. With the Team at David Sklar it helped me reset my life again and giving myself a chance at it. Thank you so much for all your help I really appreciate it.
Ricky Oliveira
16:04 11 Apr 22
I definitely recommend going to see Jackie Stanleyto anyone who needs help with their financial stability. Not only was she very knowledgeable in the field, but she was super supportive and always keep your interests as their number one priority. Thanks for all your help!!!
WHAT IS WAGE GARNISHMENT? HOW DO I STOP IT?
Since wage garnishment is a legal proceeding, a creditor must first file a Statement of Claim. You have 21 days to respond to that claim to either dispute the debt or notify the creditor of an error. Without any response, the court assumes you agree to the debt and the creditor gets their Garnishment Order. Some of the ways to stop wage garnishment once it’s in action is to file a consumer proposal or file for Bankruptcy.
If you would like to learn more about the pros and cons of filing for a Consumer Proposal or Bankruptcy, please book an appointment with a licensed Insolvency Trustee at David Sklar & Associates to learn about the process. For many debtors, a Consumer Proposal is the most ideal way to settle their debts without some of the severity of filing for bankruptcy.
TEAM UP WITH A LICENSED INSOLVENCY TRUSTEE
Licensed Insolvency Trustees are licensed by the Office of the Superintendent of Bankruptcy (OSB) to administer forms of debt relief like bankruptcy. But they can also help you learn about options you might not have even known you had like a consumer proposal.
There are a few steps that you need to take before your proposal is approved by your creditors. Only a licensed insolvency trustee can officially file the proposal for you, so it’s important to work with someone empathetic and knowledgeable when you are ready to initiate a consumer proposal in Ontario.
PAYING OFF YOUR CONSUMER PROPOSAL
The amount of time you have to pay your creditors through your consumer proposal depends on the terms of your agreement, but the process can take up to five years. One of the attractive qualities of a consumer proposal vs bankruptcy is that while bankruptcy affects your credit score for up to seven years after it is completed, a consumer proposal only stays on your credit history for three years after it is completed.
Even if you have five years to pay off your consumer proposal, the promise of having the record wiped from your credit history means you might want to pay off your proposal as fast as possible. Are you thinking about taking out loans while in consumer proposal in order to speed up the process? Consumer proposals do not collect interest in the period that you pay them off, but your loan will.
If you take out a loan to pay off your proposal, you’ll pay more money in the long run. Be smart and conscientious about your repayment strategy. It’s best to be financially responsible than trying to make the problem disappear quickly with long-term consequences.
If you are dealing with Garnished Wages and live in Ontario, we invite you to call us for a free consultation at 1-844-962-9200. At David Sklar & Associates, Licensed Trustees in Bankruptcy, we will be happy to review your financial circumstances and discuss all your options regarding your garnishment and help you get on with your life.
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You might remember the “Money” episode of the popular NBC sitcom The Office. The character Michael Scott realizes that he is deeply in debt, and
How Much Time Will It Take to Do a Consumer Proposal?
September 17, 2020
Using a solution like a consumer proposal will make the repayment process easier and faster but by how much? How long will it take from start to finish?
How to Stop Wage Garnishment in Ontario
February 19, 2019
If your creditor doesn’t receive the money they are owed, they can turn to wage garnishment as a court-mandated way to directly take funds from