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Business News

By Collectrite Collections 06 Sep, 2017
So, you have a customer who has an overdue account and is not making an effort to pay. You have taken a number of steps to recover the funds yourself such as sending a reminder email, making phone calls and sending overdue payment letters. Yet still you have not received payment or worse you cannot contact the debtor at all. When this happens, you have a few options moving forward.
By Collectrite Collections 23 Aug, 2017
Recently, the Ontario Ministry of Government and Consumer Services issued a consultation paper entitled " Consultation on Collection and Debt Settlement Services Act Regulation Reform ," addressing various items relating to debt collection regulation in Ontario. Following the recent enactment of Bill 59, which amended the Collection and Debt Settlement Services Act (Ontario) to:
By Collectrite Collections 18 May, 2017

Being in debt isn’t a pleasant experience. Whether you’re unhappy with a service you got, completely forgot, or simply can’t afford it, getting a debt collection notice isn’t a high moment in anyone’s life – but it happens .

When people receive a debt notice, their first response may be to fight back. But is fighting always the best answer? In most cases, no. Even if you’re highly frustrated, understanding what’s going on is important to get to a resolution that’s good for the long-term.

Business News

By Collectrite Collections 06 Sep, 2017
So, you have a customer who has an overdue account and is not making an effort to pay. You have taken a number of steps to recover the funds yourself such as sending a reminder email, making phone calls and sending overdue payment letters. Yet still you have not received payment or worse you cannot contact the debtor at all. When this happens, you have a few options moving forward.
By Collectrite Collections 23 Aug, 2017
Recently, the Ontario Ministry of Government and Consumer Services issued a consultation paper entitled " Consultation on Collection and Debt Settlement Services Act Regulation Reform ," addressing various items relating to debt collection regulation in Ontario. Following the recent enactment of Bill 59, which amended the Collection and Debt Settlement Services Act (Ontario) to:
By Collectrite Collections 18 May, 2017

Being in debt isn’t a pleasant experience. Whether you’re unhappy with a service you got, completely forgot, or simply can’t afford it, getting a debt collection notice isn’t a high moment in anyone’s life – but it happens .

When people receive a debt notice, their first response may be to fight back. But is fighting always the best answer? In most cases, no. Even if you’re highly frustrated, understanding what’s going on is important to get to a resolution that’s good for the long-term.
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