Oh what the hell, the last payment I made to Citi was either in Jan or Feb, of 2013, but their listing the Date of Last Activity in Sept?! Did that get updated when PYOD bought the debt?!

Thanks for the replies guys. After reviewing the paperwork I have received from everyone, it seems "Credit Bureau of Canada Collections" is the only agency to mail me a formal demand notice - Gatestone or ARO haven't.

As for the last payment dates; I'm personally not 100% sure, but I have attached pictures of both my TransUnion and Equifax bureau pulls at the end of October. I also attached all of the collection letters I have received.

Credit Bureau of Canada Collections:
http://s12.postimg.org/r3i69db2l/ccbc1.jpg
http://s12.postimg.org/ygxk8bv4d/ccbc2.jpg
http://s12.postimg.org/i9r9s9o3x/ccbc3.jpg

General Credit Services:
http://s23.postimg.org/a07ygxrnf/Scan_Image007.jpg

VW:
http://s12.postimg.org/oeis5lg7h/image.jpg

TransUnion:
http://s12.postimg.org/f46o225hp/transunion1.jpg
http://s12.postimg.org/j5sclgn65/transunion2.jpg

Equifax:
http://s12.postimg.org/e36fcxoi5/equifax1.jpg
http://s12.postimg.org/r9vvcgk7h/equifax2.jpg

72 hour demand! Lol. I don't think so. Bunch of miserable vultures.

I agree with your conclusion. Best to let all your creditors know how hopeless your financial situation is. It may seem counter-intuitive, but you don't want to avoid them until at least all the 2 year limitation periods have expired so they don't try to sneak in a default judgment. You want to avoid that at all costs.

If they think you're a poor prospect, they probably won't sue when they know you have no regular job (to garnish wages), real estate, or other valuable personal assets. The great majority of the time they won't throw good money after bad. However, there are some exceptions despite what consumer lawyer Mark Silverthorn says. If I had to put a number on it, I would say it's 20:1 you won't be sued. Not perfect, but a lot better than Georges St. Pierre's chances tonight.

Credit counsellors make a living off the misfortune of others. You don't need one; you need a real job. If you can't get one, you can always become a credit counsellor, yourself, as a desperate last resort. Besides, under a consumer proposal you'll be at R7 for 3 years after you've paid everyone off. Effectively no better than R9.

But don't declare bankruptcy. Anyhow, you can do that any time if you really have to. But for $13K? Not worth it.

What was the last payment date on all these debts...be specific.

Hey folks,

Feel a little dirty airing out some dirty laundry in public, but after reading through several posts here, I'm quite a bit more informed about my situation.

Small background, I lost my job just over a year ago now, held a few temp ones and just wasn't able to keep up. My car was repo'd and my three other debts are now being hounded by collectors. ARO, Collection Bureau of Canada Collections (or something??) and Gatestone (however I never received a letter from Gatestone so I have no idea what their collecting). I've been in collections before with MJR and I'm not overly concerned really, however with this "new" agency, I'm just not sure. Their called General Credit Services (out of Markham, ON) and they actually have a pretty convincing first letter. That being said, they are collecting on a loan I have/had with CitiFinancial. According to this letter, it seems they sold it off to a company called "PYOD LLC" and now GCS is collecting.

My question is: can debt buyers sue and or what is the likelyhood of it? The debt is $5200, and with the others I owe (Scotia Bank overdraft ~ $1100, Amex ~$1600 & $6500 for the remainder of what my car loan sold at auction for) I know I have the option for bankruptcy, but the thought of it for only $13k kinda sucks for a 26 year old :(

http://s23.postimg.org/a07ygxrnf/Scan_Image007.jpg

Does anyone have any advice? Would "credit counselling" help in my case?

Thanks everyone!