Quote:
Originally Posted by ken0042
I'm no lawyer, so take this for what it's worth.... but I believe that there is a limitations of 2 years that somebody can persue legal action to collect on a debt in Alberta. Now with this being a debt from the UK, may not apply. But the most important thing I was told was that you cannot acknowledge the debt; or else the clock starts all over again. Meaning don't give them $20 to keep you current, and don't communicate in writing anything about "I plan to pay you."
One collection agency once tried to get me to apply to 2 banks for loans to cover the debt, and if I get regected send them the letters, and they had "something they could do for me." I didn't do it at the time because my bank had never pulled my credit report (which was shot back then) and I really didn't want them to know I was a deadbeat. Turns out that ended up saving me.
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Your right on the two year limitation, and the clock restarting. The only thing to really worry about is the effect on your credit if you try to avoid restitution or contacting them to negotiate pay out.
No collection agency should ever try to get you to apply to a bank for loans, or ask you to provide a letter of rejection. One of the best things to do is go to credit counciling, some of them have a service where they will work with the collections agency on your behalf to work out a satisfactory payment schedule.