Are debt collectors making life difficult? You do have rights when it comes to

1. Dealing With Debt Collection

2. LCTaylor: 1.800.463.8371 lct@lctaylor.net
As more and more Canadians are falling
prey to overwhelming debt, we are faced
with a new breed of debt collectors.
Debt collectors often resort to unethical
practices in order to collect on a debt.
Do you need to stop the harassing phone
calls and letters?

3. Discuss viable payment options with your
lender before your debt gets sold to a third
party collector.
Once the debt is sold, collection efforts
become much more aggressive.
LCTaylor: 1.800.463.8371 lct@lctaylor.net
Negotiate With Your Creditors
Before You Get to Collections

4. The Office of Consumer Affairs has laws to
protect you from aggressive debt collectors and
collection. A debt collector may not:
•Threaten to repossess your belongings or garnish
your wages
•Call before 7 am or after 8 pm or on Sundays or
holidays
•Harassing your family, neighbors, or coworkers
•Charge you service or collection fees
Know Your Rights
LCTaylor: 1.800.463.8371 lct@lctaylor.net

5. Avoiding the problem will not make it go
away. In fact, it will make it much worse.
Answer the calls and see what types of
arrangements you can make.
Answer the Phone. Open Your
Mail.
LCTaylor: 1.800.463.8371 lct@lctaylor.net

6. Many companies will arrange a payment
plan that lets you pay off your debt by
making smaller monthly payments until the
debt is paid off.
Others may negotiate to settle the debt for
less than what you owe.
Remember, it’s less expensive to negotiate
than it is to go to court.
Negotiate a payment or settlement plan.

7. Get it in Writing.
If you do agree to a payment plan or
settled amount, make sure you get the
terms in writing before you begin making
payments.
LCTaylor: 1.800.463.8371 lct@lctaylor.net

8. Keep Copies.
Keep copies of any documentation
you receive, especially letters of
satisfaction.
Check your credit report and
ensure that your paid off debts
have been notated.
LCTaylor: 1.800.463.8371 lct@lctaylor.net

9. Never Forget – These Collectors
are Being Paid to Collect From
You!
LCTaylor: 1.800.463.8371 lct@lctaylor.net
Debt collectors are paid commission on every
debt the collect on.
Some unethical collectors will resort to threats
and scare tactics to force payment.
Know your rights.

10. If you feel you’ve done all you can on your own,
enlist the help of a bankruptcy trustee.
A Trustees will review your situation and provide
you with options.
If necessary, both bankruptcy and a consumer
proposal will legally stop all collection activity
against you.
Contact a Licensed Trustee in
Bankruptcy

11. When it Comes to Tackling Your Debt
The Best Action to Take is Any Action

12. If you having difficulty managing your debt or
If you are having problems with debt collection
in Manitoba or Ontario visit
LCTaylor.com
Trustees are available to answer your questions at our
Winnipeg and Kenora locations.
Call us now to schedule your free consultation.
LCTaylor: 1.800.463.8371 lct@lctaylor.net