Collection Agencies - Advice please - Canada

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RE: Advice plegase

Postby HonestAbe » Mon Jan 20, 2014 09:58:48 AM

Thanks for the response, but the post was made back in July, 2012. Given that the account had already been transferred twice by then, it's probably more than 2 years old by now and stats barred. Anyone going to sue would have done so a long time ago. Some collection agencies like CBV and CRS have acquired debt buying arms, but I wasn't aware MJR had. Is that correct? As well, government pensions are exempt from attachment if it is any form of social assistance or disability.

BTW: They have 6 days, not 7 days, to send a letter of assignment.

http://www.e-laws.gov.on.ca/html/source/regs/english/2006/elaws_src_regs_r06103_e.htm

But what I'd like to know is the reason for the wholesale disregard of Section 21(2) of Reg 103/06 (Collections Act of Ontario Regualation) just to save on a stamp. Why are agencies chronically allowed to get away with this? The legacy of Brian Pitkin?
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RE: Advice plegase

Postby XDebtcollector » Mon Jan 20, 2014 01:36:18 PM



John Watford
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RE: Advice plegase

Postby TJ.brooks » Tue Jul 31, 2012 08:50:37 PM

Given your circumstances it is unlikely that they will sue, the probability is very small, even if they did and win, they really would have no way to satisfy a judgement. No wages to garnish no property to attach a lien.
Basically they would be throwing good money after bad on a debt they only paid pennies on the dollar for.

Let them know your financial position then forget about it.
Just be aware a judgment is good for many years so if your circumstances change they could still go after you.
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RE: Advice please

Postby susanar » Tue Jul 31, 2012 04:23:02 PM

I have been making monthly payments to CRC until this month when MJR said they now hold the debt. I have not signed anything with MJR. I gather I will have to deal with MJR now & see what comes of it.
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Advice please

Postby susanar » Tue Jul 31, 2012 11:38:38 AM

Long story - short version. Had a credit card with CIBC but after several years of employment, moved & have not worked for wages for 5 years. CIBC sent account to CRC and I was dealing with them making low monthly payments with what I had coming in as govn't pension. Received a call from a very rude lady who says she is with MJR. CRC sold the account to them. I phoned CRC and this was confirmed by phone - no letter from CRC. The lady from MJR is making threatening noises. I figure they don't really have a leg to stand on as the original contract I had was with CRC but, want to confirm this is the case. If so, I can phone this lady & tell her so. If not, what other options do I have, if any? Can they sue me? Not sure what they would get doing that as I have no income (other than gov't pension) nor any assets. Any advice would be most welcome.
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