905-206-8955

This is not true; if this were the case, no one would ever had an incentive to pay their outstanding bills once they reach collections. Ask the credit bureaus, they will tell you the same.

Once you pay the bill, you can ask them to update your credit bureau to show that it has been settled or paid in full. This will cause your credit rating to improve.

I have been going through the same thing. They are trying to collect $2402 from an old account which I had with HSBC which I paid off in 2011. I even received a letter at my work. They are scammers. They will try anything to get money from people. I reported them to the BBB.

We've received the letters to our house, employer, and now a letter from an out of province lawyer.  Has Mac Financial ever successfully sued?

We do receive a lawyer letter from them as well, nothing so far, this number still keep try to call... If anyone has any updates, please post here! Thanks!

Out of the blue I received a letter a work. Looked official. It stated I had 7 days to reply or a garnishee would be placed on my wages at 30%. I called to find out what the "F" was going on. They proceed to tell me I owe a Best Buy card to the tune of $8800 but will cut me a deal if I pay by Friday the 20th. How much I asked? They guy tells me $2400. I questioned how they could do that so he got his manager. Upon telling his manager what he had offered me the guy flipped right out. Swearing at the first guy saying he had no authority giving me that deal. I laughed and said to late. He then wanted to make it official and send me a letter with the settlement deal outlined but because they were in Toronto he wanted to email it. I smelled something fishy and googled them when I got home. I also called equifax to find out if anything was on file. Nothing with Equifax. I sent them a  reply stating that and sorry about there luck buying old files and trying to collect by intimidation and harassment.

Some people run into hardships and simply can not pay back, having said that the original company has written off that debt as a loss which they can claim when filing taxes

Please take 2 minutes and read my other comments. The best advice has already been stated. If you have received a letter or are getting calls, pull your credit report and check if the debt is active. They will only sue you if the debt is still on your recent credit report and you also own property (a house or condo). For those that are too lazy too read my advice in the previous pages, just pay your debts and you won't be in this position again.  If you are not the person they are looking for, send a cease and desist letter by registered mail.

Most of the  case, after two years, all debts can't be after because it passed the two years time limited as long as you never reply or paid any amount of money to the credit card. Your record will be keep six years and clear again.

I just got anither letter at my job from these guys after not hearing from them for like a year now there are saying that my emplyment has been verified and that a court process could be started soon unless I pay them the full amount. I am sick and tired of these guys the debt dates from 10 years ago if not more its not on my credit report at all. Im at my witts end and dont know what to do anymore.

Since the letter was mailed, take it and the envelope to the post office & forward it to the postal inspectors.  They may have a regulation to deal with that.

Canada has extensive debt collection laws that sort of mirror out FDCPA.  It varies by Provence however.

I would take the time to research debt collection laws in the Province where you live.

http://www.canadianlawsite.ca/debt-collection.htm

the crazy thing is I got the same latter in 2014 and the one I got today they added about 1500.00$ to the debt they are claiming WTH

they will never take you to court.

ignore them. they can do nothing to you

Too bad your advice is 2 years too late.

Sorry but that is one whopper of a fairy tale.  You just failed at trying to scare anyone with that lie.  But at least your screen name speaks the truth because your are now BURNED AS A STUPID SHILL!

So, you received a judgement against you without any court proceedings.  Too bad you never finished high school, now, you cant find a legitimate job.  You now have to "work" for a criminal enterprise.