Wouldn't they want a money order or cashier's check?
There are NO acceptable excuses.
no
No. A library fine is not reported to credit agencies. Late payments on a credit card or mortgage are reported to credit agencies.
A few debt collection agencies to check out are: Credit Bureau Collections Ltd, Collection Systems Canada Corp, Direct Collect, Global Collection Consultants and National Credit Recovery Inc.
yes
Collection agencies notify all the credit bureaus electronically concerning the delinquency amount of the debt and number of days outstanding every 30 days.
no
An easy way to find out what collection agencies you owe money to is by pulling your credit report. Credit reports will list balances with all creditors as well as if any balances were turned over to collection agencies.
They are sold to collection agencies and negatively impact your credit report.
No but they can put a lean on your house
Some of the well known collection agencies in Ontario are PSI collection agency, Credit Bureau Collections, and Canadian Express Collection Agency. There are more, but these are the most common.
Collection agencies don't manipulate your credit or remove accounts from your credit. The credit bureaus themselves are repsonsible for maintaining accurate reports, but because the credit is yours, you should check you reports at least once a year to ensure their accuracy.