Is Veritas Alliance legit?

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Veritas Alliance Inc operates in the debt collection field in Toronto, appearing stable with a consistent revenue and team. However, folks are raising eyebrows due to issues like bogus debt claims, harassment, and non-compliance in British Columbia. With compliance questions on the table, it’s crucial to proceed with caution. If you have questions or need guidance, feel free to reach out via phone, text, or live chat.

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Veritas Alliance Legitimacy Question

Is Veritas Alliance legit? I’d like to confirm if this company is legitimate before interacting with them. It’s important to avoid scams.

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

Veritas Alliance Legitimacy Answer

Veritas Alliance Inc, a legit Canadian outfit in the bustling city of Toronto, plays in the debt collection league. They’ve got an address, some steady revenue, and a modest crew suggesting they’re stable. But, here’s the kicker – folks have raised eyebrows over their legitimacy. There’s been chatter about bogus debt claims, a bit of harassment drama, and some over-the-top collection antics. The real head-scratcher? It seems they’re walking a risky line without the proper permits over in British Columbia, flashing a big red compliance flag.

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

To determine if Veritas Alliance is a legitimate company, you should verify their registration and compliance with the requirements outlined in the Bankruptcy and Insolvency Act (RSC 1985, c 11) and the associated regulations.

Specifically, check the following sections:

1. Under the Bankruptcy and Insolvency Act, Part I – Administration of the Act, Section 8 requires all trustees and administrators of proposals to be licensed by the Office of the Superintendent of Bankruptcy (OSB). You can confirm if Veritas Alliance is listed as a licensed trustee on the OSB website.

2. In the Regulations under the Bankruptcy and Insolvency Act, refer to C.R.C., c. 368, specifically Section 7 which pertains to the qualifications and licensing of trustees.

If Veritas Alliance holds a valid license and meets the regulations set forth in these documents, they are likely a legitimate entity. Always exercise caution and verify their standing directly with the OSB before engaging with them.

From: OSB Helper

Related Questions to If Veritas Alliance Is Legit

Here are the top 5 most frequently asked questions related to the legitimacy of Veritas Alliance, based on the available data and common concerns:

1. Is Veritas Alliance a licensed collection agency?

• No, Veritas Alliance has been operating in British Columbia without a license and not following local regulations[1].

2. Why is Veritas Alliance contacting me for a debt I don’t owe?

• Veritas Alliance has been reported to mistakenly contact individuals for debts they do not owe, often due to incorrect information or misidentification[1].

3. How do I stop Veritas Alliance from calling and sending letters?

• You can request that Veritas Alliance cease contact by informing them that you do not owe the debt and providing evidence to support your claim; filing a complaint with the Better Business Bureau or relevant authorities may also help[1].

4. Can Veritas Alliance affect my credit score?

• Yes, Veritas Alliance can negatively impact your credit score if they report an incorrect debt to the credit reporting agencies, which can lead to undue stress and financial harm[1].

5. What legal remedies do I have against Veritas Alliance for harassment or false debt claims?

• You can seek legal remedies such as filing a complaint with consumer protection agencies, contacting a lawyer, or reporting the issue to the RCMP if you believe you are being harassed or falsely accused of owing a debt[1].

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

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