521 – Debt Collectors: Practical Advice (Compilation)

521 – Debt Collectors: Practical Advice (Compilation)

Author: Doug Hoyes August 24, 2024 Duration: 28:51

In this eye-opening episode of Debt Free in 30, host Doug Hoyes dives into the world of debt collection with Blair DeMarco of Kingston Data and Credit. Together, they unravel the complexities of debt collection and help you understand your rights from initial contact to facing settlement offers or legal threats. Whether you're grappling with old debts or dealing with aggressive collectors, this episode equips you with the knowledge and strategies you need to protect your credit and manage your debt effectively.   

Timestamps and Titles: 
 

00:00 - Introduction with Guest Blair DeMarco – How Collection Agencies Work  

03:05 The Collection Process: Best Questions Answered  

06:05 Understanding Your Rights: Statute of Limitations and Credit Reporting 

12:10 Can You Be Sued by A Collection Agency?  
15:00 Old Debt – How It's Affecting Your Credit and What to Do About It 
17:45 Insights on Handling Aggressive Debt Collectors  
20:10 Consumer Proposals and Stay of Proceedings – Navigating Your Options  

21:45 Debt Re-Aging – Creditors Can Reset the Clock 

24:45 What to Say When Debt Collectors Call  
 
 
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Resources: 
 
Kingston Data and Credit 
 
Wage Garnishing: Know Your Rights  
 
Frozen Bank Accounts: What You Can Do Next  

Stop Debt Collection Calls for GOOD  
 
 

Special Thanks: 
 
Blair DeMarco  
Scott Terrio  
 
 
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 personalized advice from a qualified financial advisor. Always consult with 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 or strategies discussed. 


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 100

Debt Free in 30
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