Long story and I am only coming to understand my mistake now. but I have an online trading acount In canada with a canadian and aan american currency account. I thought I was being smart and was super diversified, and automatically I deposited money monthly. but because I was mostly buying american stocks, I was esentally borrowing on margin from the US account and just letting my canadian money sit unused for years. The end result is owing 50k in interest.
Obviously a bonehead mistake on my part, but guess what im wondering if i have any options bsides paying it. i because sometimes outtragous phone bills etc can be negotiated down, is there any chance in this case? Do brokers have any opligation fo notify users of massive debt being acrued on on an accasional basis? And Aside from a full on bancruptsy is thery any legal ways of getting the interest lowered or debts forgiven.?
Submitted March 17, 2019 at 04:08AM by happyniceman https://ift.tt/2TPmSGC
