Glossary - Debt and Consumer Rights
In Debt and Consumer Rights, Cellphones
A temporary pause in your wireless service. This can be because you did not make a payment or because you went over your spending or usage limit. Your account and contract remain in force during the service suspension.
In Debt and Consumer Rights, Tribunals and Courts
Unfair business practices are any dishonest way a company gets your business. This includes a company:
- making false or misleading promises to you
- overcharging you for goods
- taking advantage of your disability, languages you don’t understand, or challenges you have with reading
- pressuring you to buy their goods or services
An unsecured creditor is a person or business you owe money to that does not have collateral. This means that if you don’t pay your debt, this creditor cannot automatically take any of your assets to pay for what you owe. Most credit card companies are unsecured creditors. But an unsecured creditor may be able to take your assets eventually, if they get a court judgment against you.
An unsecured debt is money you owe a person or business that is not protected by collateral. This means that your creditor cannot take any of your assets if you don’t pay what you owe, unless they take you to court and get a judgment against you. Most credit cards are unsecured debts.
A used car dealer is anyone who sells cars, trucks, or motorcycles as a business. Used car dealers must be registered with the Ontario Motor Vehicle Industry Council (OMVIC). Used car dealers must follow specific rules in Ontario.
Wage assignment is when you agree to let a person or business take money directly from your employment income to pay a debt. This is different from garnishment, which has to be ordered by a court.
A warranty is a written guarantee that that a company gives that promises to replace, repair, or redo any items or services purchased from them that are not working. Warranties are usually limited to a specific time from the date of the purchase.
