Uncover what an assortment agency can and cannot do, exactly how debt payment agencies work and just exactly exactly what creditors do.
Alberta calls for all debt collectors, enthusiasts, financial obligation payment agencies and financial obligation payment agents become licensed underneath the customer Protection Act additionally the Collection and Debt Repayment methods Regulation.
The agencies that are following agents take part in credit rating and financial obligation repayment:
- Creditors give credit, loans or other agreements to customers, enabling consumers purchasing products or services.
- Collection agencies focus on behalf of creditors to gather debts that are unpaid locates debtors for other individuals.