by PEICanada » Mon Oct 15, 2007 12:20:15 PM
In 1998 the bank that I had my mortgage with got paid their outstanding amount that I owed from CMHC as my mortgage was CMHC insured. Now 3445 days, yes almost 10 years later I got a letter from iQor, Inc formerly CBCL - Canadian Bonded Credit Limited - Now Iqor Collection Agency for the outstanding amount. Nobody has contacted me since 1998 until now. Not only do they want the outstanding amount, $19,000 but they want over $9,000 more in interest. Should this account be status barred or stat barred??? I have never given anyone a single cent toward this debt. This was on my credit report, but has since disappeared. Does anyone know any of the laws pertaining to this. I am in PEI