Dealing with Debt Collection Agencies
Are you tired of receiving calls from collection agencies? Would you like to finally end these calls for good? Here's how to stop collection agency calls and get your financial house in order:
- Deal with them on your own. Our guide to strategies for dealing with collection agencies calls, including rules collection agencies must follow, will help you through the process of talking to a bill collector and negotiating a debt repayment plan.
- Eliminate your debt. If you have several debts, or you don’t think you can arrange payment terms you can afford with the debt collection agency, then it’s time to look at your debt relief options.
Debt Reduction Options
Debt never goes away on its own. If you owe more than you can easily repay you need to look at your options to reduce debt:
- File a consumer proposal
- File for bankruptcy
- Arrange a repayment plan through a credit counselling agency
Why do Collection Agencies Call Ten Times a Day?
Bill collectors are calling because you owe money. They often are paid a commission for every dollar they collect, so they will keep calling and sending letters as long as they believe they have a chance to collect money from you.
Most collection agencies in Ontario today use computerized "auto dialers", so if you don't answer, the computer puts your name back on the list, and you are called again in an hour. That's why ignoring collection calls doesn't work: they just keep calling!
Eliminate Debt. Stop the Collection Calls!
If you can't pay your debts asking one of our trained professionals for help can turn your life around. The calls will stop and you can get on with your life!
Don't be scared off by the title "Bankruptcy Trustee". A Licensed Insolvency Trustee is trained in all the different Ontario debt management options and bankruptcy is just one of them. In fact, the majority of people who contact us at Hoyes, Michalos & Associates are able to successfully resolve their debts without ever filing bankruptcy.
Your next step is to simply call or email us and take advantage of our FREE, professional consultation. One of our experts will review your situation today, and it's private, confidential, and no-obligation.
You deserve a brighter, more secure future and we can help you get there. Just give us a call today and let's get started!Contact A Trustee Today