Dealing With Debt Collectors

In most provinces and territories you must be notified in writing that an account has been turned over to a collection agency. (Agencies are required to do this or to make a reasonable attempt to do so.) The agency will contact you to attempt to collect the money you owe to its client.

Once the account has been officially turned over to a collection agency, you’ll be dealing only with that agency when making arrangements for payment. It may be best not to contact the original business—this just creates confusion—unless there’s an error in the account. When this is the case, advise both the business and the collection agency.

When possible, pay the money you owe. You won’t have to deal with the agency once you have paid back the full amount. The agency is not allowed to collect more than the amount you owe and cannot charge for its costs to collect the debt. Read More…

Your Credit Bureau

Building a good credit history is important for your financial health. Along with millions of other Canadians, you have a credit history that is kept on file by companies called credit reporting agencies. They track how you use credit products, such as credit cards and loans, and pay your bills.

This information is used to create your credit report and credit score. These are some of the main tools lenders use when they decide whether they will lend you money and how much they will charge you to borrow it. Employers and landlords may also use credit reports to get a sense of your reliability. You have the right to see your own credit report. And there are ways you can get it for free. Read More…

Consumer Affairs Canada

If you have concerns about the actions of a collection agency, contact your provincial or territorial consumer affairs office. Find your local office by Clicking Here…

Eliminating Payday Loans

The following information is our three step process to eliminating payday loans from your life. Simply follow these steps and watch as your payday loans vanish. Make sure to follow these steps closely as it is very important you complete all of these steps in order. If you have any questions or concerns please feel free to contact us. Read More…