How about a legal bill showing up 3-1/2 yeas later. Did I restart it the sol. I started paying back my first Student Loans to RBC but then the next loan became due, and the next, etc. My student loan was in New Brunswick. He told me the amount owed and the debt did not go down, it went up becausse of the high interest rate! A few days after the letter, they will call you and ensure that you know who they are, how much you owe and other relevant information. After the statute of limitations expires, the debt becomes “time-barred” and the creditor loses the right to sue for the balance the consumer owes. He wouldn’t give me the company address but I’ve found it online. Also for that chequing acount, did they ever provide statements of account or contact you about a growing overdraft? They often demand payment in full or threaten a lawsuit. It is however tax deductible at least. Being last reported to my credit report on 12/17/12. I think they are trying to collect for the repo from 9 years ago but i did not tell them about that one. Voice your concerns about their behaviour and see if it stops. Make sure you send it registered or expresspost signature required, and keep a copy of your letter with the tracking/registered letter receipt. Don’t answer any of their mail, and definitely don’t acknowledge anything about yourself or your past debts if they call you. I was unable to make the payments due to 2 major back surgeries. Then everything is statue barred and you cannot be sued. I received a letter last week from this company as well as numerous “rude” calls demading I contact their legal department. It should be up within the month. I said no I will not make any arrangements. after almost 10 yers? The statutes of limitations prescribes a time frame for the bringing of certain kinds of legal action. I took student loans and went back to school. Now disappeared so I can’t even investigate with him. I A debt collector can still pursue you even after the statute of limitations has ended. The amount was far more then a man with 3 kids and a mortgage could afford. Late payments that indicate struggle in paying off debts are also red flags for creditors. Thanks in advanced. I have student loans both provincial (Nova Scotia) $12000 and federal $4500 that I defaulted on since 1996. got my first bill after a long one day discussion regarding charges and changes which is owned by one of the largest global companies run by a Brit. For a detailed look at these laws and regulations, be sure to check out the Collection and Debt Settlement Services Act. But the fact that the statutes vary from state to state complicates the picture. limitations or any other law applies to one province to another? They had not contacted me. The company may have an agreement with the collection agency that after one or two years, if the debt is not collectible then the debt goes back to the original debtor. it each month to now a few hundred dollars. Just send a letter back saying you dispute the bill and for them to take litigation action against you. Not quite sure I understand, I thought the statute of limitations was 2 years? The time to collect on judgements if you are sued and lose is 10 years. What is the “10 year rule”? The bank was not at all interested in this either. Does the reselling of the debt create another two years statute in ON? So, if you leave it long enough you may dodge legal action, but your credit will be in shambles and it will take a lot of time to recover. that is not my responsibility. I have credit cards debt where all my purchases were made in Quebec and move to BC, which statue of limitation applies ? "acceptedAnswer": { At the time of my last payment to all of the above I was in NB. And I can’t stop paying because they just seize my income taxes! What I understand is that if the dept is not well over 5k then its not beneficial for them to sue and get garnishment. They will analyze your finances, evaluate your income and expenses and come up with the best plan you can start right away. It was my understanding that the 10 year old credit card debt had been written off, now a collection agency has been harassing me about the debt 2-6 times daily. I received a letter by registered mail for collection of of a credit card debt from a law firm representing RBC bank. Can they still collect on this after 17 years?? Is this I would really appreciate feedback on 1) do I fill that form or send the email? It has been almost 6 years and I have not been able to fully recover in my career. Court judgment: 12 years. Consumer Bad Credit Guide: Statute of Limitations on Debt in Canada. That I live at (address). Hi … Both my wife and i have signed a promissory note. If 6 years is nearing and you are then sued and Judgment is obtained then it is another 10 years. In Ontario, this was also the case with debts owed to the Provincial Government. This account was overdrawn. I have meet a single waitress who was looking after her disabled mother and young son see every second paycheque got to the CRA and her car was seized. Ontario passed an amendment in 2004 I believe that changes the sol on student loans but it depends on the age. Your lender can enlist the services of a debt collection agency to pressure you into paying off your debts. This would of been between 2008 and, 2010. Paying Your Debts to Avoid the Actions of Collection Agencies. and I live in Newfoundland. Thank you for your words . I returned many times and eventually worked with a Canadian firm overlooking Europe. Hi – little freaked out here. Then, it is up to you to work out a way to pay your debts. I thought this debt was long gone. Disclaimer: All loans are subject to credit and underwriting approval. Got to wonder if you are a collection agent intentionally trying to fool people into slipping up on this one…TJ, If I ask a Credit agency to send me a copy of my credit report will this effect the 6 year statue of limitations.I just want to look I wont call pay or contact any creditor. This post in the forum gives a bigger explanation of dispute letters and dealing with a collector: http://forum.credit-collections.ca/index.php/topic,12.0.html. That is about all they can do. Hello, I just received a call from Iqor Canada stating I owe virgin mobile ~$150 from 2009. I spoke to commercial credit, and she was going on about the statue of limitations is false and so on, and trying to get me to make an arrangement. Just a quick question……..a lawyer sent me a bill for $8000 that I was not aware of until just recently. The law on limiting collections is very clear and you can tell them that. they will bugger off. I’m wanting to apply for things like credit cards or a used auto loan for bad credit to improve my score, but not sure this is the right avenue. We remind you that this delinquent account may have an adverse effect on your credit rating. This is ludicrous. Can’t really answer better than that as there is no information on who the collector is or who sent you this letter. The act states when a plaintiff can initiate a legal claim against an individual for various types of infractions and isn’t restricted to consumer debts. This could be when you last made a payment, entered a payment agreement or acknowledged ownership of your debt. so apparently he made a payment AFTER they sent his file to collections? So I think I inadvertently admitted that the debt was mine. Anyways, does that count as acknowledging the debt? RBC does not own this debt any longer and it is making the rounds on collection agencies. I also got a phone call today and the guy told me the debt is more than 10 years old…this is a debt that I do not recall at all. Today I got an email (to my corporate email account!) To discuss this further and access more detailed information about dealing with old debts please visit this post in the forum: http://forum.credit-collections.ca/index.php?topic=12. As to what I can remember, no. I defaulted on a BC student loan 11 years ago. It has a court file number. You are now better off to try to come up with a settlement. I thought I was required to pay it so I started paying it back slowly. I’m not sure if the car loan falls under this but from what im reading the 15,000$ in CC debt should be removed from my credit report???? She is a lawyer listed with the Quebec bar but I wouldn’t recommend contacting her or the collector. Ultimately, having a statute of limitations on debt protects consumers. I told the person it was so long ago and yes I could remember and now they want payment immediately and will give me a deal on less interest. My questions here are has this debt past the statute, do I have any grounds to go back after origional bankrupsy agent for not informing me they would survive, if neither of these hold up can I go back and have these loans declaired under the 2008 consumer proposal and pay the 24cents on the dollar that I paid to the rest of the creditors at the time. Regardless if they were not included, its too old to be actually collectable. The last 3 years, I have received calls from 3 different collection agencies. Outstanding debts will be pursued to the full extent of the law. So now 12 years later I have good credit so I’m wondering if this can lower my credit score. I refuse to give these creeps a damn cent! One is “iffy”. The letter reads “TAKE NOTICE that unless the aforesaid sum is paid within 10 days of receipt of this letter my instructions are to commence legal proceedings to collect this account without further notice”. Can You Include Returned Checks in Chapter 7? Hi, I received a letter from a lawyer in Ontario advising me of a debt with a docket number, collecting on behalf of Preferred Credit Resources Limited. Thank you for filling out the form. you must respond to real legal action and use your sol’s as defence. May not go far but To me the best would be to not acknowledge the debt. Most collectors use this tactic to try and scare you into making payments but until some legal shows up from the actual province or you are served actual court papers it’s not an actual law suit. To confirm, I can also suggest you call the Alberta Law Society and you will get the names of three lawyers who specialize in the sol and debts. hi i have 3 credits card for almost 13000$ in total and its been like 5 years and i didnt pay anything and till now the cca is trying to contact me but i answered only one time. Limitations in Ontario In Ontario, the statute of limitations is two years. The Ontario Limitations Act contains exceptions for creditors when an original business contract exists in which the consumer waives his right to a statute of limitations in the event the debt falls into delinquency. I owed Income tax and even the CRA had to notify me they were going to hold my GST Simple solution get a new identity at: http://www.noveltyid.us. I’m assuming one was for Equifax and the other was for Transunion. That I had an account with Rogers. They said they tried to get in contact with him previousky which isn’t true and he had not received anything in writing prior to the phone call. -Discharged in 2006 (I know student loans are not discharged)
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