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Collection agencies in Canada are notorious for their loud bark and agressive collection tactics. If you have seen a collection on your credit report or you are being harrassed by by a collection agency, make sure you watch this video. We go through the statute of limitation in Canada, what happens when a collection is paid or settled, and why their bark is worse than their bite. We also cover a few tricks that will save you thousands when negotiating with a collection agency. CHAPTERS 0:00 Preview 00:35 You have a high chance of getting a collection, even if you pay your bills 01:01 Collection agencies play dirty 01:37 There Bark is worse than their Bite 02:08 Will they purse legal action if I don't pay? 02:27 What does it mean to Garnish wages? 03:38 What is the Statute of Limitation? 03:59 Is a collection removed when it is paid or settled? 06:08 What happens if you just don't pay? 07:15 If I pay the full balance outstanding will it be removed from my Equifax and TransUnion report? 7:57 Is paying the full amount outstanding better for my credit? 8:28 Will the collection agency update Equifax and TransUnion? 10:26 Collection Negotiation tips 11:26 What matters most to a Collection Agency? 14:46 What if I say something wrong? 15:11 How do I avoid looking desperate? 15:40 Time to Review LINKS How to save thousands when negotiating with collection agecies • Collection Negotiation in Canada - How to ... The limits of the Statute of Limitation in each Canadian Province! https://creditgame.net/wp-content/upl... MY STREET CRED https://creditgame.net/street-cred/ RESOURCES BOOK – The Credit Game - https://www.amazon.ca/Credit-Game-Rul... CREDIT COURSE: • FOR ALL CANADIANS – The AHA! Credit Course - https://www.learnthecreditgame.net/of... • REBUILD CREDIT FOR MORTGAGE FINANCING – The Mortgage CREDucation Course - https://www.learnthecreditgame.net/of... • REBUILD CREDIT AFTER A DEBT PROGRAM – The Life after Debt CREDucation Course - https://www.learnthecreditgame.net/of... FOLLOW US: WEBSITE - https://creditgame.net/ PODCAST – On Apple, Google, Spodify, and others FACEBOOK – https://www.facebook.com/search/top?q... INSTAGRAM - https://www.instagram.com/creditgamec... TIKTOK - / creditgamecanada ONLY FOR CANADIAN MORTGAGE PROFESSIONALS *If you are a Canadian mortgage professional below are the links to the private pages*: Facebook: / 731868324863099 Linked: / 14056075 DISCLAIMER This YouTube channel is produced for your general education and entertainment. We have done our best to ensure that the information provided is correct and helpful, however, nothing on this YouTube Channel should be considered financial advice. We cannot be held liable without knowing your specific credit or financial situation. Email me directly at [email protected] if you would like a one-on-one consultation. #collections #creditgamecanada #credittv