528 – Illegal Debt Collection Tactics: Know Your Rights (ft. Blair DeMarco Wettlaufer)

528 – Illegal Debt Collection Tactics: Know Your Rights (ft. Blair DeMarco Wettlaufer)

Author: Doug Hoyes October 12, 2024 Duration: 34:25
Debt Free in 30
BusinessInvesting

Back by popular demand: Canadian credit collector Blair DeMarco Wettlaufer!

Even if you're not currently dealing with prohibited debt collectors, this eye-opening episode is captivating and informative. 

Learn about your rights as a Canadian consumer, the tactics some creditors use to pressure debtors, and how to protect yourself from unethical and illegal debt collection practices.

Covering key topics such as re-aged debt, prohibited collection methods, and how technology is transforming the debt collection industry. Whether you're managing debt or simply want to be informed, this episode provides essential knowledge to help safeguard your financial future.

Timestamps:
(0:00) - Introduction of Blair DeMarco Wettlaufer from Kingston Data and Credit
(1:10) - Provincial differences in debt collection laws
(2:25) - Why should creditors follow the rules?
(5:15) - Common unethical creditor tactics
(6:40) - Re-aged debt: What it is and how to avoid it
(11:10) - Tips on making arrangements with creditors
(17:25) - Predictive dialers and the impact of new technology
(23:55) - Challenges with email communication in debt collection
(27:45) - Are you talking to an AI collector without realizing it?
(29:55) – Behind the curtain of prohibited practices in debt collection


We release new content every weekday! Follow our socials for funny podcast clips, money management tips, Q+A's, and more!

Hoyes Michalos Instagram

Hoyes Michalos Facebook

Hoyes Michalos TikTok

Hoyes Michalos Twitter (X)

Hoyes Michalos LinkedIn


Resources:

Straight from the Horse's Mouth - Things Collection Agents Can and Cannot Do With The Credit Bureaus

Your Top Debt Collections Questions Answered!

Navigating Debt Collectors: Practical Advice

Hoyes Michalos YouTube

Hoyes Michalos Blog

Doug Hoyes on X

Find a Hoyes Michalos Office in Your Area Here


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: 500

Official website RSS
instagramyoutubetiktoklinkedin
Debt Free in 30
Podcast Episodes
608 – Advice or Sales Pitch? Why Canadians Have Lost Trust in Banks [not-audio_url] [/not-audio_url]

Duration: 30:27
Most Canadians trust their bank to help them make smart financial decisions. But sometimes, what feels like advice is shaped by something else. We talk about how bank incentives influence recommendations, why that can le…
607 – Credit Score vs Cash Flow: What Actually Matters in a Crisis? [not-audio_url] [/not-audio_url]

Duration: 30:22
A high score does not always indicate stable finances. It is possible to keep up with most of your bills and maintain a decent credit score while still feeling like you are falling behind. When cash flow is stretched, ev…
605 – Owe CRA Tax Debt? The Biggest Loan Mistake Canadians Make [not-audio_url] [/not-audio_url]

Duration: 30:23
Owing money to the CRA can feel urgent, and taking out a loan might seem like the fastest way to fix it. But in many cases, it can make your situation worse. Doug Hoyes and Ted Michalos break down when borrowing to pay o…

12345...50»