Dealing with a collection agency in Calgary can be a stressful experience, but it doesn’t have to be. By understanding how collection agencies operate and knowing your rights as a consumer, you can work with them successfully to resolve any outstanding debts.
The first step in working with a collection agency is to understand why they are contacting you. Collection agencies are hired by creditors to recover unpaid debts that have been past due for an extended period of time. When a debt is turned over to a collection agency, it means that the original creditor has given up on trying to collect the debt themselves and has enlisted the help of a third-party agency.
When you receive a call or letter from a collection agency, it’s important to respond promptly. Ignoring their attempts to contact you will only make matters worse and could result in legal action being taken against you. Instead, take the time to review the information provided by the collection agency and gather any documentation related to the debt in question.
Once you have gathered all necessary information, contact the collection agency directly to discuss your options for resolving the debt. Be prepared to provide details about your financial situation and explain any extenuating circumstances that may have led to your inability to pay off the debt.
It’s important to remember that collection agencies are bound by strict rules and regulations when attempting to collect on debts. As a consumer, you have rights under both federal and provincial laws that protect you from harassment or unfair practices by collection agencies.
If at any point during your interactions with a collection agency you feel that they are violating these laws or acting inappropriately, don’t hesitate to file a complaint with the appropriate regulatory authorities. In Calgary, complaints against collection agencies can be filed with Service Alberta’s Consumer Contact Centre.
When negotiating with a collection agency, keep in mind that they are often willing to work out payment arrangements or settle for less than the full amount owed. If you are unable to pay off the entire debt at once, consider proposing a payment plan that fits within your budget.
By being proactive and communicative when working with a calgary collection agency, you can increase your chances of resolving your debts successfully while maintaining good relations with both creditors and collectors alike. Remember that honesty is key when dealing with collections – being upfront about your financial situation will go a long way towards finding an amicable solution for all parties involved.
Bison Credit Solutions
6125 11 St SE #260, Calgary, Alberta, T2H 2L6
403-263-7670
