146 - How to Respond to Collection Notices and Protect Your Credit

DebtMatters Podcast

Anyone can fall behind on debt payments especially in these uncertain economic times. Having unpaid debt turned over to a debt collector is a worst-case scenario for the majority of Canadians. But when this happens, it’s important to know how to minimize the impact if a debt collection agency does come calling. Licensed Insolvency Trustee, Mary-Ann Marriott knows that having a debt collector call can put more pressure on top of the debt itself.

In this podcast she talks about:

• The first thing you need to do when you get a call
• Why you need to keep a log of all communication
• The options available when an account is in collections
• How to negotiate a settlement
• When to contact a lawyer
• Reducing the impact on your credit score
• Where to find out about your rights

Licensed Insolvency Trustees are considered to be the best debt advisors in the country and are licensed by the federal government of Canada. If you are concerned about your debt, book a free consultation to find out what options are available to you. They can help get your finances back on track.

About Mary-Ann Marriott

Mary-Ann Marriott has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014.

Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives.

Additional Resources

• Allan Marshall & Associates Licensed Insolvency Trustee
• How Should I Handle Creditor Calls and Harassment?
• Rebuilding Credit: How Long Will It Take to Get My Credit Back?