Tag - Collection Agencies

November 2017

July 2017

May 2017

How to deal with collection agencies

Do you know what to do if a collection agency contacts you?

Collection agencies can be intimidating. Incessant calls can become frustrating, stressful, and exhausting. Sometimes, agencies will even use questionable methods to put pressure on debtors. Unfortunately, you may have to deal with them if you have outstanding debts. If this is the case, remember that you should not feel threatened. There are steps you can take to make the process much less painful. This will let you return to your normal activities without fear of reprisals by collection agencies. How collection agencies work If you are receiving calls from collection agencies, it’s because you owe money to one or more creditors. Collection agencies have a mandate to recover what you owe to creditors. In general, collection agencies work on commission. The more money they [...]

May 2015

bankruptcy can help you

7 Ways Bankruptcy Can Help You

Bankruptcy has got a bad reputation. As a trustee, I notice that money problems are still a taboo nowadays. The fear of going bankrupt leads many people to avoid meeting with a trustee. Yet bankruptcy is a perfectly legitimate solution to get out of debt. Each year, between 60,000 and 65,000 Canadians find out that bankruptcy may actually be of help. (more…)

April 2014