Collection Agencies

Is collection activity from creditors keeping you up at night? Do you want incessant phone calls from collection agencies to stop? We can help!

Collection activity is one of the leading reasons that people call us for help. New clients often tell us that collection agents can resort to intimidation tactics and misleading information to induce debtors to pay. Understandably, it can be difficult to navigate the truth from the falsehoods alone.

It is also difficult to negotiate a payment plan that will satisfy a collection agency’s demands. Many collection agencies will offer to settle for a portion of what you owe but they will insist on a larger payment than you can afford, and they may want it immediately. Simply put, the more you pay, the more money they make.

In addition, you may have more than one collection agency threatening you about the same debt, even making calls to your employers and family members. It can be overwhelming and stressful to keep track of who is calling and whom you should negotiate or bargain with legitimately.

As a first step, the link below will provide you with a framework of Collection Agency dos and don’ts

The Canadian Government’s Recommendations for Dealing with a Debt Collector

However, to deal with ongoing stress of collection agency harassment, it is best to seek the guidance and advice of a Licensed Insolvency Trustee. A bankruptcy filing or a proposal made under the Bankruptcy and Insolvency Act will provide immediate relief from collection agencies.

A Licensed Insolvency Trustee will apply experience and knowledge of the Bankruptcy and Insolvency Act to assess your situation and provide you with options to allow you a fresh start.

If you need immediate relief from collection harassment and an unmanageable debt load, call us today. Our associates will listen to you, review options with you, and explain to you how we can help protect you from further collection action.

Let’s start solving your problems today!

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