Dec 13, 2025
Debt collectors are contacting Canadians more
than ever. In this episode, Doug Hoyes and Ted Michalos explain why
activity is increasing, what collectors are actually looking for,
and how to respond without accidentally restarting the clock on old
debts. They also cover how to spot scams, understand your rights,
and know when it’s time to get professional help.
Ontario
Limitations Act
Collection Agency Rules, Ontario
Search the Ontario government’s website to
verify that a collection agency is licensed
here
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Ontario
(00:00) Why debt collectors are busier than
ever
(02:00) What’s driving higher delinquencies in Canada
(04:10) When creditors typically begin collection efforts
(06:00) What collectors want besides money
(08:00) How small payments or acknowledgments reset the 2-year
clock
(10:00) Why collectors ask for employer and contact information
(12:00) Should you answer if you can’t pay?
(14:00) How to verify a real collector vs. a scam
(17:00) Your rights when dealing with collection calls
(19:00) When it’s time to speak with a Licensed Insolvency
Trustee
Disclaimer:
The
information provided in the Debt Free in 30 Podcast is for
entertainment and informational purposes only and is not intended
as personal financial advice. Individual financial situations vary
and may require personal guidance from a financial professional.
The views expressed in this episode do not necessarily reflect the
opinions of Hoyes, Michalos & Associates, or any other affiliated
organizations. We do not endorse or guarantee the effectiveness of
any specific financial institutions, strategies, or digital
tools/apps discussed.