Will a Creditor Actually Sue You When You Default on a Debt?
We often have clients call us, when debt becomes unmanageable, asking if a creditor will actually sue if you default on a debt. While it may seem unlikely, it is, unfortunately, very common. A creditor may sue you themselves, hire a paralegal to cover it, or assign your account to collections, whereby the collection agency […]
Dealing with Debt Part 1 – Collections Debt in Canada
Many people have collections debt in Canada. Collection agencies are routinely hired by private businesses to collect money from individuals who have defaulted. When a company assigns an account to a collection agency, the collection agency will add their fees and additional interest to the debt which will cause the debt to grow at a […]