Category: Debt

When Can A Collection Agency Call You?

Are you dealing with a collections issue, and wondering when a collection agency can and cannot call you? The team at our Calgary Collection Agencyshare their expert answers today. 1. When Can A Collection Agency Call You? An Alberta-based collection agency can call you any time between 7 AM and 10 PM Alberta time. 2….

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Bankrupcies; Meh…

The latest figures from the Office of the Superintendent of Bankruptcy Canada released on January 10, 2019 show the number of Canadian businesses and consumers financially going under jumped significantly in November 2018 compared to a year ago. Alberta continues to lead the nation. Total insolvencies in Alberta in November 2018 — including bankruptcies and…

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Canadians; CRAZY in love with debt

As a collection agency with offices in Edmonton, Calgary and the GTA we recognize that the vast majority of consumers we inevitably end up dealing with are good people, with good intentions, that have now simply arrived at the tipping point of having to either try to continue to rob Peter to pay Paul or,…

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Consumer Cannon Fodder

Good news for long abused savers while long favoured debtors are nudged a little closer to the precipice. It appears overindebted Canadian consumers can now officially consider themselves nothing but cannon fodder at the Bank of Canada. Governor Stephen Poloz and his deputies on the Governing Council raised the benchmark interest rate a quarter-point to…

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CPA Survey of Employees

More evidence was released in September that an alarming proportion of Canadians are in financial quicksand. The Canadian Payroll Association’s annual survey shows 40 per cent of working Canadians feel “overwhelmed” by their debt, with more than one-third of respondents saying they loaded up on leverage over the last year. (Will we ever learn). Meanwhile,…

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A Deeper Dive on Business Bankruptcies/Proposals

Has your company experienced an uptick in once good paying commercial customers suddenly going past due, into CCAA protection or bankrupt? As a collection agency operating in Edmonton, Calgary and the GTA we can help. Our intent is not to fear monger or spread doom and gloom. We’re not economists. Nor do we consider ourselves…

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Consumers worried? Really?

Nearly 60 per cent of Canadians have changed their behaviour by doing things such as cutting back on spending on both extras and essentials to brace themselves for rising interest rates, a new survey from Manulife Bank suggests. As a collection agency operating in Edmonton, Calgary and the GTA we recognize that the vast majority…

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Debt Trap!

The day of reckoning for over indebted Canadians does not appear to be coming soon, but a new survey indicates a rising proportion of Canadians fear the fallout from higher interest rates. Thirty-three per cent of respondents to a survey conducted on behalf of MNP said they could be pushed toward bankruptcy due to rising…

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Global Gluttony Continues

Taking on debt in basic terms simply means stealing from our future income in order to purchase or consume something today. If we do enough of it what will be left of our future income in order to purchase or consume in the future?  Is there not an inevitable wall that will be hit?  Will…

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Uuuum…Alberta We Have a Problem….

As a collection agency operating in Alberta we recognize that the vast majority of consumers we inevitably end up dealing with good people, with good intentions that have now simply arrived at the tipping point of having to either try to continue to rob Peter to pay Paul or, in the alternative, to make some…

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