Richmond Hill Collection Agencies
Richmond Hill, Ontario has a population of 185,541 people. There are several industries in this large Canadian city, including agriculture, manufacturing and construction, wholesale and retail, finance and real estate and health and education.
For Richmond Hill collection agencies, and all other places in Canada and the United States, the amount of time for which a collection agency or actual creditor can file a suit against a client or consumer for an overdue payment or debt is the statue of limitations. This time period, according to collection agencies in Richmond Hill, is two years and this is why one must act quickly to get their debt collected. It is important to act before it becomes too late.
Richmond Hill debt recovery agencies go by the Ontario Limitation Act. This act is in place to state exceptions for the collectors and creditors so that when there an original contract in existence where the client waives his or her rights to the statute of limitation if their debt becomes delinquent. In cases where rights have been waived the customer can be pursued for the full time limit that the contract has stipulated. This precedent was set by the case of Ontario Inc. vs. Chorny. These cases states that the statue of limitations for cases in Ontario begin on the very day that the account first goes into default, not the day that the Richmond Hill creditor depends payment for the first time.
Richmond Hill collection agencies can make getting this unpaid debt a lot easier on your business. Many people make the mistake of waiting months before hiring a collection agency, hoping that their customers will come around and begin being responsible consumers again. While this is a hopeful attitude to have yet it will leave you broke. Once an account goes into default it should be sent to a collection agency immediately. This is because the older a debt becomes, the harder it is to make people pay it. Even if your staff is making calls and sending letters. When you hire Richmond Hill collection agency knows all the tricks of the trade and can get your money quicker than you can. They are trained professionals and this is what they do all day long. They have the time to dedicate and are extremely persistent. This is why they are able to do more for your bad debt than your own staff can, and why you should get a collection agency involved as soon as possible.
We collect your debt anywhere in Ontario including but not limited to these areas:
Prince Edward County Port Colborne Quinte West Sarnia St. Catharines St. Thomas Thorold Stratford Orillia Belleville
We also cover all the major cities in Ontario:
Barrie – Brampton – Brantford – Burlington – Cambridge – Guelph – Hamilton – Kingston – Kitchener – London – Markham – Mississauga – Niagara Falls – North Bay – North York – Oshawa – Ottawa – Peterborough Pickering – Thunder Bay – Toronto – Vaughan – Waterloo – Windsor