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Ontario
Priority Credit Recovery or PCR is a fully licensed and bonded commercial collection agency in Ontario or ON under the Ontario Collection Agencies Act. PCR is 100% compliant with applicable Ontario laws and carries $2,000,000.00 of Professional Liability (Errors and Omissions) Insurance as further protection for our clients.
No matter which collection agency you choose, make sure they are licensed in the Province of Ontario. In ON it doesn't matter if it is a consumer or commercial debt. In order for a 3rd party to collect your debt in Ontario they must be a lawyer or a licensed collection agency in Ontario. There are no exceptions.
Numerous collection agencies will claim they can legally collect commercial debt in Ontario when in reality they are just praying they don't get caught. When they do get caught you the client may face possible liabilities for the illegal actions of their collection agency.
Using a collection agency in Ontario that isn't licensed is playing roulette with your reputation and there are numerous pitfalls such as:
In Ontario under the Ontario Collection Agencies Act only Canadian residents may be licensed as a collector.
In Ontario It is illegal for a collection agency to communicate with a debtor using any name other than the name under which the collection agency is registered. This means it is illegal for a collection agency employee to hold himself out as calling from the creditor, a law firm, or some government agency.
Once a collection agency speaks to a person a collection agency may not contact that person more than three times in a seven-day period on behalf of the same creditor
Using a collection agency in Ontario that isn't licensed is taking a risk. Sooner or later the agency generates a complaint or query and you are no longer dealing with a debtor but a Large Government regulatory body who wants to know why an agency that isn't licensed to collect debt in Ontario, is trying to collect in Ontario.
When it comes to commercial collections in ON, PCR has the tools, licensing and collection professionals to turn your receivables into fast bankable dollars. Make PCR your commercial collection agency in Ontario.
