Your Top Debt Collections Questions Answered! | DFI30 |
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- Опубликовано: 21 июл 2024
- Your Top Collections Questions Answered by a Debt Collector! | DFI30 | Ep. 373. You asked. We answered. On today’s podcast guest Blair Demarco-Wettlaufer, Managing Partner for Kingston Data and Credit (a collection agency), returns to answer your most pressing debt collection questions, like whether a collection agency can add interest to your debt or force you to file bankruptcy. Blair also discusses whether you should even bother with collectors if the debt isn’t listed on your credit report and many, many more of your questions! Tune in for lots of great practical advice.
Resources:
Blair Demarco-Wettlaufer on Twitter: / kdcblair
Blair’s blog for information on credit and collection issues: receivableaccounts.blogspot.com/
Hoyes Michalos free credit repair course: courses.hoyes.com/courses/reb...
Hoyes Michalos blogs on dealing with collections: www.hoyes.com/blog/tag/collec...
Rights & Responsibilities - Collection Agencies - Ontario.ca: www.ontario.ca/page/stop-coll...
Business License Ontario: www.ontario.ca/page/search-bu...
Time Stamps:
4:29 - Should I ignore a debt collector?
11:53 - Can debt collectors add interest or fees to a debt?
14:33 - Can a collection agency show up at my work or call my boss?
18:44 - Should I even bother with a collector if the debt is not listed on my credit report?
20:17 - Should I accept a settlement offer and pay it or don’t pay it? Will that reset the statute of limitations?
22:02 - What if you don’t have the cash to repay debt, how do you settle or negotiate?
23:55 - Can a credit collection agency force you to file for bankruptcy?
24:30 - I had to shut down my business during the pandemic. I had internet shut off and said I would pay off in payments. Now I got a collections letter directed to my business. Should I deal with the collector, and will this show on my personal credit score?
26:05 - Would a collection agency take the advice of a bank rep and ask family to repay a debt?
28:34 - How do collection agencies communicate with people who don’t have voice mail or answer the phone?
31:04 - How do collection agencies get paid?
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#CollectionAgency #CollectionAgent
I had money taken from a collection agencie from my 2021 tax return... I called the collection agencie..and they said it was from a ticket that I owed since 1993 ...not knowing about the statue of limitations... I agreed to making monthly payments and now its paid off... I said when it's paid off send me a receipt of the debit paid in full and until today they have not sent me nothing...
I’m going to use consumer credit
Very good and funny videos bring a great sense of entertainment!
What about hardship , food and household things
Quick Question. Lets say debt originated in Ontario and got defaulted and went to Collections while I reside in Ontario. Ontario has a 2 year statue of limitations. If I move to a Different Province at 4 years after the debt was defaulted (lets say Nova Scotia who has a 6 year Statue) what would occur? Can they sue me now because I live in a province with different statue of limitations ? or it has expired when it did at 2 years while I was in Ontario? Also offsetting money from a bank account because I banked with the same institution would counts as a partial payment and reset the clock? or It only counts if you specifically make a payment towards a specific account?
Great question. The claim would need to be filed in NS, so arguably the 6 year statute would apply as that's applicable to the court -- but you could file a defense claiming ON limitations apply ... ultimately it's up to the judge to make a ruling ...
I don't believe power of offset counts as an acknowledgement of debt ... you didn't exactly volunteer to make that payment. But again, depends how a judge chooses to rule on it ...
What a great interview and very helpful thanks. Really helpful
Thanks for watching, glad to hear it was helpful!
If there is no way I can pay back any amount would it be better to file bankruptcy
I have a credit card debt from 14 years ago. My ex wife actually ran up all my debt for 2 yrs. And she intercepted the bill. I paid for 10 yrs. I became totally disabled. They had a judgment
judgmentdefault judgment