I'd just like to say thanks average_joe, I've calmed down a lot and it's nice to have someone to talk to about this. I still don't know what I'm going to do because I really don't have any more money than what is in my account, so I guess I'm just going to have to deal with whatever they toss at me. My credit is already bad, and I don't have anything for them to take so they're trying to squeeze blood from a stone at this point.

I made a payment of $150.00 too both of them in March, but I'd already missed to many payments on the RBC card.

I would ignore the threats the agents are telling you. It looks like your debts are under $15,000 and if I were you I would not go bankrupt. If you have no assets, no income and you’re living in your parent’s home; I would not be worried about being sued from the creditors. When was the last time you made a payment on these accounts?

I am over 10k in debt, I have a TD Visa card which is owing 3,800 as well as a Student Loan of 6k but you need money to go bankrupt which they have, I am not sure why they are trying to settle went they already have all my money.

I don't know what I am going to do, I can't settle and I can't go bankrupt, it's like I am stuck.

Edit: Another thing, the agent I talked to wasn't very nice. He was kind of bullying, telling me that if I went bankrupt I wouldn't be able to get a job because of bad credit, and that I should ask my family for money or file tax returns, and when I told him I had asked my mom he said he didn't believe me and that I was irresponsible.

Are they allowed to be like that, I already feel crappy as it is and stressed out.

If that money is in an RBC bank account and you owe RBC visa money they can take it without a court order. The court order which is a judgment is needed when they are trying to get money out of another financial institution or a garnishment or from a job and also assets in some provinces. In order to file for bankruptcy you must have over $10,000 worth of debt and some debts can not be bankrupted.

I don't think they can, because they haven't yet. I don't think they are legally allowed to do that in Canada unless they get a court order, but if they do that's all they are going to get because I don't have any money and I keep trying to tell them that but they won't listen and if they take that money then I won't have any money to go bankrupt.

I'm not exactly sure what will happen from there.

If they did they are going to apply that money to your rbc visa debt and there is nothing you can do about it.

I can't, they put a hold on my account.

Is the $2500.00 in a rbc account, if so pull it out right away before they take it from you.

My Visa went into arrears, I haven't had a job since 2008 and recently went back to school to try and get beef up my resume. I paid them 150 last month, but by then it was already too late and now they won't accept that, currently I owe like 6500, and they said they would settle for 4600 but I don't know if I can swing that much.

The only cash I have is the 2500 in my account which is student loan money I received and I told them that, I don't have a house, or a car, I live at home and have no income. They told me to ask my parents, I have but he said he didn't believe me and that this is ruining my credit and will make it so I can't get a job in the future.

I tried to see if I could pay half of the settlement now and then half again in two months but that was really just a way to try and by time because I honestly don't know where I am going to get the money. And he says that won't settle any lower, I don't want to go bankrupt and I told him that but he won't listen and he said even if I go bankrupt it will cost money.

I don't think they believe me, because when I told them the checks I had deposited were student loan checks he said he needed to check with the bank to find out what they were.