Is CBV Collections legit?

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CBV Collection Services Ltd. is a debt collection agency in Canada, with BBB accreditation since 1997 despite past complaints. They’re well-versed in sectors like telecommunications and utilities. While they follow regulations, be cautious of their tough collection practices and potential spam calls. Reach out via phone, text, or live chat if you have any questions.

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Cbv Collections Legit Question

Is CBV Collections legit? Is CBV Collections a legitimate debt collection agency, or should I be wary of them?

From: Anonymous Question
Location: Whitby, Ontario (ON)
Category: debt settlement

Cbv Collections Legit Answer

CBV Collection Services Ltd. isn’t just any debt collection agency; they’ve been in the game in Canada since 1921. They’re on the up-and-up, carrying an A- rating from the Better Business Bureau (BBB) since they joined back in 1997, even with 264 complaints filed against them. They’ve got their hands in various pots, working with sectors like telecommunications and utilities. They mostly play it by the book when it comes to collecting debts. However, you might want to keep your guard up for some possible red flags, like stories floating around about their tough collection approach and those pesky debt collectors.

Know Your Rights

1. You have the right to request that the collector only contact you in writing.
2. Debt collectors are prohibited from using harassing, oppressive, or abusive tactics.
3. You can ask the collector to call at a more convenient time or place
   
   From: Insider Scott
   
   

Office of the Superintendent of Bankruptcy (OSB) Answer

CBV Collections is a debt collection agency operating in Canada. They must adhere to applicable laws and regulations outlined in the Bankruptcy and Insolvency Act (RSC 1985, c 11) and associated regulations. For example, they are required to follow guidelines specified in the Collection Agencies Act and have to comply with the regulations surrounding fair collection practices (C.R.C., c. 369, sections related to debt collection practices). If you have specific concerns, you can verify their registration and compliance with necessary regulations through the provincial authority where they operate.

From: OSB Helper

Related Questions to If Cbv Collections Is Legit

Here are the top 5 most frequently asked questions related to “Is CBV Collections legit?” based on the provided sources and general online trends:

1. Is CBV Collections a legitimate debt collection agency?

Yes, CBV Collections is a legitimate debt collection agency.

2. How does CBV Collections affect my credit score?

CBV Collections can severely affect your credit score by reporting delinquent accounts to credit bureaus.

3. How can I remove CBV Collections from my credit report?

You can remove CBV Collections from your credit report by disputing the entry, negotiating a pay-for-delete agreement, or settling the debt and ensuring it is marked as “paid in full”[1][2][5].

4. What are the best ways to negotiate with CBV Collections?

The best ways to negotiate with CBV Collections include validating the debt, offering a settlement between 30-60% of the original debt, and ensuring any agreement is in writing[1][5].

5. Can I stop CBV Collections from contacting me?

Yes, you can stop CBV Collections from contacting you by sending a cease and desist letter, which they are legally required to honor[2][5].

If you have a question about debt see our debt questions or ask your own debt related question.

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