Credit Repair Toronto: Why Not? Many people think it’s best to try a credit repair Toronto company before they investigate the Canadian insolvency process. I’m here to tell you that many of these companies are not acting in your best interest. What do Dave Ramsey and Gail Vaz-Oxlade have to say? Many are paid – and in some cases managed – by credit card companies. According to an article by financial guru Dave Ramsey: “Some of these ‘counseling’ companies withhold credit card payments until the account is three to six months past due. Then, they contact the lender and negotiate to settle the bad debt…That’s how they get negotiated discounts on credit card debt. Card companies don’t settle on your debts when your payments are on time. These services are always a bad idea, and sometimes they’re a complete scam.” Dave Ramsey isn’t the only one leery of credit repair Toronto companies. Gail Vaz-Oxlade writes: “One of the big drawbacks of using a debt counseli
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