It is with a heavy heart that I read in the Vancouver Sun today about a financial adviser who targeted as many as 484 investors, many of them seniors, in an investment scheme alleged by the BC Securities Commission to have been premised on fraud and misrepresentations.
I have worried for the longest time about credit ratings. There are many good reasons for my fears.
To begin with, credit ratings are based solely on mathematics – the days in arrears. You are judged in a moral way by being labeled with a good or bad rating. The reason for your problems doesn’t matter. Just the days in arrears.
April 30, 2013
By D. P. Welbanks
The distance between unlicensed and licensed credit counsellors is far too short. The need is even greater to regulate activities that purport to counsel people. Counselling is a specialized term that implies a wide variety of benefits including trust being given to those who call themselves counsellors to act like counsellors. The following is an excerpt from Almost Empty www.chateaulanepublishing.com
At Credit Solutions, we provide 100% confidential, unbiased credit counselling based on trust, respect and integrity. Our qualified Credit Education Specialists™ are fully trained, Government licensed, bonded and insured for your protection. We provide customized services to consumers and corporations in Canada.