Northwest Territories

Northwest Territories
Collection Agency

Priority Credit Recovery or PCR is a fully licensed and bonded commercial Northwest Territories collection agency, under the Northwest Territories Consumer Protection Act. PCR is 100% compliant with applicable Northwest Territories or NT laws and carries $2,000,000.00 of Professional Liability (Errors and Omissions) Insurance as further protection for our clients.

No matter which collection agency you choose, make sure they are licensed in the Northwest Territories. In NT it doesn't matter if it is a consumer or commercial debt. In order for a 3rd party to collect your debt in the Northwest Territories they must be a lawyer or a licensed collection agency in Ontario. There are no exceptions.

In order to check if an existing or prospective agency is a fully licensed and bonded collection agency in the Northwest Territories call (867) 873-7125 or visit the NT web site.

Numerous collection agencies will claim they can legally collect commercial debt in the Northwest Territories when in reality they are just praying they don't get caught. When they do get caught you the client may face possible liabilities for the illegal actions of their collection agency.

Using a collection agency in the Northwest Territories that isn't licensed is playing roulette with your reputation and there are numerous pitfalls such as:

  1. In the Northwest Territories neither a collection agency nor a collector shall communicate with a debtor after the debtor has advised the collection agency in writing to communicate only with the debtor in writing and the debtor has provided the agency with an address where the debtor may be contacted.

  2. In the Northwest Territories a collection agency is permitted to contact a debtor's employer once a year to confirm the debtor's employment, title, and business address.

  1. In the Northwest Territories a collection agency cannot state an intention to sue a debtor unless it has express written authority to sue the debtor, and a collection agency cannot recommend to a creditor that a lawsuit be commenced for the purpose of collecting a debt unless the collection agency first notifies the debtor of the collection agency's decision to make this recommendation.

Sooner or later the collection agency generates a complaint or query and you are no longer dealing with a debtor but a Large Government regulatory body who wants to know why you have an agency that isn't licensed, collecting debt in the Northwest Territories.

When it comes to commercial collections in NT, PCR has the tools, licensing and collection professionals to turn your receivables into fast bankable dollars. Make PCR your commercial collection agency in the Northwest Territories.

For information how PCR can improve your bottom line in the Northwest Territories contact a PCR collection agency professional.

Did You Know?
In the Yukon Despite any agreement between a creditor and a debtor, the debtor is not responsible for any expenses incurred by the collection agency or the creditor employing the collection agency.
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