As of July 2014, the national debt for Canada is an estimated 619,674,167,665.25 Canadian dollars. The country owes money to banks, insurance agencies, and investment dealers.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
Someone can learn how to reduce debt from a number of websites such as Debt Canada. Debt Canada provides individuals and businesses with debt counselling services.
Debt consolidation in Canada is much the same as it would be in the US. Many banks offer debt consolidation loans to persons wishing to get some relief with paying their debts. There are also company's that specialize in debt consolidation that someone could use as a resource.
Debt has no borders, so your debt will follow you around the world. Moving to Canada will make no difference.
no
If no legal action is being taken against them and they have the money or ability to pay the debt then maybe. Each case needs to be looked at on it's own. He cannot use Canada to hide from his debt.
There are several acclaimed debt collection service companies in Toronto, Canada. These companies include but are not limited to the Global Collection Consultants Debt Collection Services and the Ontario - Toronto Canada Debt Collection Agency Services.
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To help pay back the US for it's WW2 debt.
575 Billion Dollars total Canadian Debt as of April 2011
yes