11 - Your Rights with Collection Agencies

Many Canadians are juggling their finances - trying to keep all their payments current. But if you have become delinquent on any of those credit accounts -  that debt may wind up in collections. This means your original lender has sent your account to a collection agency who will contact you repeatedly in an effort to see the debt paid. But what are your rights?  Here’s an opportunity to find out what creditors and collection agencies can and can’t do. In today’s podcast Licensed Insolvency Trustee, Mark Marshall from Allan Marshall & Associates delves into this topic.

Find out the best way to deal with collection calls, when and where collection agencies can contact you and how to correspond with them.  A few of the topics covered in this episode are:

• How and when creditors are allowed to contact you
• Things you can do to get them to stop
• Informal and formal proposals to clear your debt
• What to do when the contact turns into harassment.

Licensed Insolvency Trustees (LIT) are federally regulated and approved by the Canadian government. They are the only professionals that can administer formal proposals such as a Consumer Proposal or Bankruptcy. An LIT can also help you prepare an informal proposal to settle the debt on your own.

Mark Marshall has been working in the insolvency field for 20 years. He received his Licensed Insolvency Trustee accreditation in 2012 and has also been an active board member with Music NB. He endeavors to give each client he meets advice on all of their available options so they can proceed with the knowledge they need to make an informed decision.

• Allan Marshall & Associates - Licensed Insolvency Trustee | Bankruptcy Trustee
• Stop Collection Calls From Creditors: Dealing With A Debt Collection Agency
• Never-Ending Debt And How To Stop It - We Can Help