Credit Problems? How to legally reduce or eliminate all your debts.

STOP BILL COLLECTOR CALLS

Bill collectors keep calling you and

you do NOT know how to respond!

Get their name, company, log all calls

and report them for harassment

Learn what to say and how to say it when debt collectors call and demand payments and answers to personal questions! Best to say nothing.

STOP BILL COLLECTOR HARASSMENT NOW

When dealing with debt collectors,

you have plenty of rights

BEWARE Both the collection agency and the bill collector are only interested in collecting the debt from you. Collection agency bill collectors count on you now knowing the laws controlling their actions so they will try threats, bullying and intimidation to get money from you. But if you know the law, you can stop them cold. Dunning phone calls can be stopped

Collection agencies exist only to collect bad debts from debtors for the creditors. If you have not paid a debt, you are fair game.

They are hired to do this by creditors companies with outstanding bad debts. They will not rest till they pick your bones clean.

Collection Agencies generally get a percentage of what ever the can collect from you, the debtor. If they collect nothing, they do not get paid.

The bill collector,  the person who is actually calling you to collect, is paid usually on commission. No collections, no commissions and soon no job.

They do not give a tinker's curse about your problems or reasons for not paying. When you talk to them they are listening for clues on how to get your money. Nothing else matters to them.

Collection agencies obtain or arrange for payment of money owed to either a person or a company. When you have an account with a business that is “past due” or in default, the business may turn your account over to a collection agency.

How Do You Deal With Collection Agencies?

You must be notified in writing by the collection agency that an account has been turned over to a collection agency before any phone calls are made to you.

The agency will contact you for as long as it takes and as often as they want, to attempt to collect the money you owe to its client. They won't go away until you pay.

Once your account has been given to a collection agency, you'll be dealing only with that agency when making arrangements for payment. The company you owe the money to is now out of the picture. Your credit rating is severely damaged by this action.

When possible, although you would not be in this position if you could, pay the money you owe. The collection agency will have no right or reason to contact you again once you have paid your debt in full. .

The  collection agency and the agent wants your money right now and in full, since that is the only way they get paid.

They will first try to bully you into paying in full now. They will bluster, threaten law suits and garnishees and such.

When they realize that is not going to happen, they will probably listen to some sort of payment arrangements. You are actually in the driver's seat at this point, They want you to pay so they have to work with you.

When it's impossible for you to pay the full amount right away, explain why but avoid giving them details of your bank accounts.

Offer something like a lump sum at a later date or a series of monthly payments. They will try to get the money sooner or get larger payments, but in the end they will probably agree since something is better than nothing.

Pay by money order Keep the copy for your proof of payment. Never ever send cash or a cheque. If you pay by cheque they will know where your bank account is which is not a good thing for you.

YOU CANNOT RUN FROM DEBTS: Your debts will not vanish if you ignore them. If you cannot pay as originally arranged, you simply must deal with the debt, either by new payment arrangements or in the worst case, by bankruptcy

Canada Trusts

CANLAW

On line Since 1996