Brought to you by Lawyer Link Alberta
Introduction
Facing debt collection can be stressful, but knowing your rights and how to respond can help protect you from unfair practices. Alberta has strict rules governing how creditors and collection agencies can contact you.
Your Rights Under Alberta Law
Under the Fair Trading Act, collection agencies are required to follow specific guidelines when contacting you. For example, they cannot call you between 10 p.m. and 7 a.m., or use abusive language.
Negotiating with Creditors
In many cases, it's possible to negotiate a payment plan or settlement with your creditor. Ensure any agreements are in writing, and seek legal advice to review the terms before signing any agreement.
Statute of Limitations
The statute of limitations for debt collection in Alberta is generally two years from the last payment or acknowledgment of the debt. If the limitation period has passed, the creditor may not be able to take legal action to collect the debt.
Conclusion
If you are dealing with debt collection, it's important to know your rights and options. An Alberta lawyer can help you navigate the process and protect your interests.
If you want the best possible representation that fits your budget call 1-800-LAWYER-0 (1-800-529-9370) for a free no obligation consultation.
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Always consult a qualified professional for personalized guidance.
Comments