Originally Posted by
kss
you sure thats not a scam?
The agency is real but the scam is their trying to collect on a debt more that six years old.
Statute of LimitationsStatutes of limitations govern the timeframe in which one party may exercise legal action against another. They exist primarily to expedite due process, preserve evidence and protect equity and fairness for the defendant. In the case of debt collection, statutes of limitations protect debtors from civil lawsuits and court judgements long after the debt has gone into default.
In Canada, the statute of limitations for collections action is
six years from the time the debtor has defaulted on the debt in question. However, this timeframe resets whenever the debtor makes payment towards or otherwise formally acknowledges the debt in question.
Each province and territory also has their own statutes of limitations, which are as follows:
- B.C.: Six years
- Alberta: Two years*
- Saskatchewan: Two years
- Manitoba: Six years
- Ontario: Two years**
- Quebec: Three years
- New Brunswick: Six years
- Nova Scotia: Six years
- P.E.I.: Six years
- Newfoundland and Labrador: Two years
- Yukon: Six years
- Northwest Territories: Six years
- Nunavut: Six years
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