Credex is here to help you resolve outstanding accounts. If you are hearing from us, it’s important to treat the matter with urgency. Failure to pay a debt in a timely matter results in us credit reporting to the two main credit bureaus in Canada – Equifax and Trans Union. From here it will continue to impair your ability to attain credit in the future for up to 6 years if the debt remains unpaid.
What Does this Mean?
Until the account has been paid in full, you will have trouble getting credit. This includes loans, mortgages, credit cards and other simple banking features. This will not change unless the debt has been satisfied in full.
Even if you can’t pay right away, it’s important to get in contact with us. The absolute worse you can do is avoid the problem. We are here to help you resolve the issue so you can start rebuilding your credit. Remember, a lot of people have been in this same situation and it’s nothing to be embarrassed about. So let us help you today! Speak with a licensed Collection Officer now 1.800.263.6334