At Unik Credit Management, we understand that every unpaid debt represents lost time, energy, and revenue for your business. That’s why we combine professionalism, ethics, and proven strategies to maximize recovery while protecting your reputation. With a client-first approach and decades of experience, we work diligently to turn overdue accounts into real results — because your success is our success.
Yes, they have to abide by the Collection Agencies Act, which set out a strict code of ethics for collection agencies.
Since January 2004, a person may initiate court proceedings within 2 years of a debt claim being past due (some exceptions may apply).
In Ontario, since 2008, an individual and/or business can only be represented by a lawyer or paralegal licensed by the Law Society of Upper Canada.
The National Retail Credit Association Research Department reports that debts can devalue as much as 55% after one year.
Once an account is listed against a company /individual with the Credit Bureau, it will hamper any chance of this company/individual getting any type of credit for a period of 6 years.
