Unsecured debt elimination is based on accepted accounting procedures. In arbitration the issuing company is asked to show their ledgers that prove they moved their money into the customer's account. If they cannot, then the ownership of the money was never in their hands. If they never owned the money then they did not lend it so no debt was established. It is simple accounting.
If it is legal has anyone tried it and does it really work, and does it work in Canada. Is it difficult to do with the programs these companies offer.
most are scams
I have written more than a couple Hardship Letters for my credit card companies that have resulted in lowered interest rates and lowered payments.