Is Credit Bureau of Canada Collections legit?

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The Credit Bureau of Canada Collections is a legitimate collections agency, working with creditors to recover debt. Verify their legitimacy by asking for their full name, company name, a callback number, and checking their website. They typically send a letter before calling. Be wary of scams; don’t share sensitive info too soon. Concerns? Contact regulatory experts or reach out to us via phone, text, or live chat if you have any questions.

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Credit Bureau Of Canada Collections Question

Is Credit Bureau of Canada Collections legit? I’m wondering if this is a legitimate collections agency. I want to make sure I’m not falling for a scam or fraudulent activity.

From: Anonymous Question
Location: Brantford, Ontario (ON)
Category: debt settlement

Credit Bureau Of Canada Collections Answer

The Credit Bureau of Canada Collections is indeed a real deal in the world of debt collecting. They’re hired by folks you owe money to, and they stick to the rules set by consumer protection agencies. To double-check they’re not a scam, ask for their full name, company name, and a callback number, and peek at their details on their official site. Remember, they usually send you a letter before they give you a buzz. Ignoring them might land you in hot water, like court visits or having your wages skimmed.

But watch out for tricksters! If someone is getting all pushy or threatening over the phone, that’s your cue to be suspicious. While there’s chatter about complaints against them with the Better Business Bureau, they’ve tackled many head-on, showing they do care about sorting things out. Never hand over sensitive info unless you’re sure who you’re talking to, and maybe think about giving a ring to a regulatory guru to ensure they’re legit. We can help!

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

Credit Bureau of Canada Collections is a legitimate collections agency. Under the Collecting Debts Regulations, as outlined in the Bankruptcy and Insolvency Act, it is required for collection agencies to be licensed and adhere to certain standards of conduct when collecting debts. You can verify the legitimacy of a collections agency, including Credit Bureau of Canada Collections, by checking with the regulatory body in your province or territory to ensure they are registered and compliant with applicable laws. Additionally, they must provide clear identification and relevant debt details upon contact, as per the regulations governing debt collection practices.

From: OSB Helper

Related Questions to Credit Bureau Of Canada Collections

Here are the top 5 most frequently asked questions related to the legitimacy and operations of the Credit Bureau of Canada Collections, formatted in markdown:

1. Is Credit Bureau of Canada Collections legitimate?

• Yes, it is a legitimate debt collection agency.

2. How do I verify if a call from Credit Bureau of Canada Collections is legitimate?

• Verify by asking for the caller’s full name, company name, and a callback number, and check their information on the official website.

3. What should I do if Credit Bureau of Canada Collections is contacting me about a debt I do not recognize?

• Investigate the possibility of it being a fraudulent account or identity theft and request supporting documents from the collection agency.

4. Can Credit Bureau of Canada Collections affect my credit score?

• Yes, unpaid debts reported by them can negatively affect your credit score, but paid debts should be updated to reflect the current status.

5. What are the consequences of ignoring communications from Credit Bureau of Canada Collections?

• Ignoring communications can lead to legal actions such as court judgments, wage garnishment, or bank account seizure.

If you have a question about debt see our debt questions or ask your own debt related question.

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