Why is Total Credit Recovery calling me?

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Total Credit Recovery might be contacting you about a debt. They’re a legitimate collections agency in Canada, but their B- rating on BBB suggests some issues. Always verify the debt by reaching out to your original creditor to avoid fraud. If you’re overwhelmed with debt, consider a consumer proposal or bankruptcy through a Licensed Insolvency Trustee—just remember, not every trustee can be trusted. Reach out via phone, text, or live chat if you have any questions.

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Total Credit Recovery Calling Question

Why is Total Credit Recovery calling me? I’m trying to understand why this company is contacting me. Are they legitimate or should I be concerned?

From: Anonymous Question
Location: Oshawa, Ontario (ON)
Category: consumer proposal

Total Credit Recovery Calling Answer

Total Credit Recovery is likely reaching out because of a debt they think you owe. They’re a Canadian collection agency, though their B- rating on BBB shows some unresolved complaints. This might hint at pushy behavior. It’s super important to check if the debt is real by contacting your original creditor—just to be sure you’re not mixed up in a case of mistaken identity or fraud.

Given their sketchy BBB status, tread carefully. If you do owe money and can’t handle it, you might want to think about options like a consumer proposal or bankruptcy through a Licensed Insolvency Trustee. Just be mindful, as not every trustee can be trusted. Trustees get paid by the lenders and creditors and don’t advocate for Canadians in debt. LITs can also double bill you or charge you extra. Beware!

If you’re confused or need a hand, don’t hesitate to reach out by phone, text, or live chat for help.

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

Total Credit Recovery is likely contacting you regarding a debt collection matter. Under the Bankruptcy and Insolvency Act, creditors may engage collection agencies to recover debts owed to them. It is legitimate for a collection agency to pursue debts as outlined in this act. You should verify the legitimacy of their claim by requesting documentation that substantiates the debt, as required by the regulations under the Act.

If you believe you do not owe the debt, or if you feel harassed, you may have rights under the applicable provincial legislation regarding debt collection practices. It’s advisable to refer to the regulations concerning the conduct and responsibilities of collection agencies to ensure they are acting within the law.

From: OSB Helper

Related Questions to Why Total Credit Recovery Is Calling Me

Here are the top 5 most frequently asked questions related to “Why is Total Credit Recovery calling me?” based on common concerns and search trends in the context of debt collection in Canada:

1. Why is Total Credit Recovery calling me?

Total Credit Recovery is calling you to collect an outstanding debt that you owe to one of their clients.

2. What happens if I ignore Total Credit Recovery calls?

Ignoring Total Credit Recovery calls can lead to further collection actions, including letters, emails, and potentially legal action to recover the debt.

3. Can Total Credit Recovery affect my credit score?

Yes, Total Credit Recovery can report unpaid debts to credit bureaus, which can negatively affect your credit score.

4. How do I verify the debt with Total Credit Recovery?

You should request a written validation of the debt from Total Credit Recovery to verify the amount and details of the debt they are trying to collect.

5. What are my options for dealing with Total Credit Recovery?

Your options include paying the debt, negotiating a settlement, setting up a payment plan, or seeking advice from a credit counselor or financial advisor to explore alternatives like consumer proposals or bankruptcy[1][4][5].

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

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