Portfolio Management Canada Inc.

April 8th, 2007, 02:08 AM

If any one had ever called and wanted to speak to a manager at PMCI, and got the run around, here is the direct link to the Corporate offices of PMCI
http://portfoliomci.com/whoweare/corpinfo.htm

April 8th, 2007, 02:18 AM

Nothing will generate from you giving the number, Bell canada recycles, telephone numbers, they have a turn around base of like 3 to six months. However, sometimes a telephone number can be cross mixed, possibly the number was eith his before, or your number was similar to his and it was type error. Now when you say "house" it is not strange due that may be the information that they were looking for was maybe an apartment of residence or something that showed that J. Tomkins never lived in a house. I can tell you how many times, I myself have seen the cross mix of telephone numbers, I have recieved calls from numbers that I have called, and when I asked for the number to either pull the file so i can remove the #, peopl get so irate and say you called find it yourself, in other cases most will give you the number so the file can be retrieved and removed from the file so you wont get any more calls.***********
People must realize, this when you give your number, you are not giving information, it is just a tel #. If your number is unlisted, ****each and everytime you apply for credit it will show on your credit bureau regardless of your number being unlisted or not. There is no information that is useful in a tel #....hope this eases your inquirey

April 8th, 2007, 02:24 AM


PMCI recieves bad debt from Citi, however if you had established credit with Citi, they will have proof of application when the loan was established, if you inform them your in Cuba...well it would not be that hard to verify, trust me, with motor vehicle searches, through MTO, and it is public record, there are alos other means to verify. I suggest, to not get your self deeper in a situation that can be avoided as opposaed to getting court papers, to appear in court, for a loan that could possibly been authorized by citi.

April 8th, 2007, 02:32 AM

A very small portion of the collection act, however, in defense of the Colletion Agency and yes it is in defense, how many peopl avoid the Colletion Agency? How many peopl diliberately avoid their debts?
The collection act is in place and yes some will evade away from the true essence of the rules, we all do, for example, how many peopl actually stop fully at a stop sign? No one is around so we do a rolling stop.....the portion of the act above is a known fact that collections does not take place on a stat holiday. With my experience there are many collectors that are cordial, and it is usually the person that owes the debt that get irate....maybe there should be an act on how debtors should treat collectors?, Not all Collectors are tirants, think about the people that when a collector tries to negotiate a paymant plan, they are irate, and abusive, and well, lets just say it is a two way street.

April 8th, 2007, 02:49 AM

First you cannot imply legal action, on something you need proof on, also, any legal informant will direct you to the Ministry Of Business and Consumer Affairs, this is the place you need to go through Trust me....let me share an incident, it took place back in 94. A collector, almost like your issue with CBCL, would hound and call and be irate, however he never spoke to the person that the debt was owed by, it was the spouse, and due that they were from another country, he figured they had no clue on their rights, well the person the man who owed the debt finally called in, because he was at work and worked a lots of over time, he was actually quite nice, despite the calls to his wife...however here is the kicker, and will tie in on how to get through to these collectors that think they can bully.
The man calle din like i said, and spoke to this said collector, the collector was so rude and obnoxious, this was just afte the guy stated his name, well the collector proceeded to continue, to the point that he sated to this guy, "Why dont you climb down off that tree you monkey, and your ape family and pay your bill", the call ended. Well I knwo this was said due that unknown to the collector the man, had known his rights and had set up a tape recorder, and since I was an Executive at that time, it was recorded, the tape sent to the Ministry and the collector once the claim was filed and we were notified, the collector was immediately fired, however, due to the graphic nature of this call the collecotors license was revoked and permantly marked on his record, with the Ministry, he is banned for life never to collect.

If you are having issue swith CBCL, inform them that you will render a complaint to the ministy, as well inform them of third party disclosure, if they are telling your spouse about the debt, that is against the collection act. A collection agency must at all times provide to you proof of debt, and by law must submit to you any information that related to the debt, invcoices statements etc.

Request in writng not to call your home and that you wish to recieve only corespondence, also AMEX is not the greatest in record keeping when they write off bad debts, but they do have th einformation, CBCL is just lazy and will nto put a requistion in for the statements, I know they exist and I used to work for NCO in Brantford, under their AMEX department, and we alway got statemments from AMES every two weeks.

To remove anythignof the credit file, go directly to the credit bureau, and no they cant reactivate the account after the drop off period....hope this helps,

April 18th, 2007, 02:22 PM

About portfolio management canada inc.

last year in August my spouse called me at work and told me someone called and wanted me to call them back. She gave me the phone# and extension. When I called the extension couldn't be reached from the number I was calling from. I finally got thru and the after confirming who I was, the next thing the lady said was that the call is recorded and asked me if I am still living at such and such address (my current address). I confirmed and she started telling me that she is calling about a purchase at Zales I allegedly made in 1996. i told her I don't recall ever having made any purchases at Zales and she insisted that I did and I had to pay the alleged outstanding bill.
I asked how much the bill was for maybe that would jogg my memory; got the amount ~$800and in the same breath the so called discount rate which was ~$200 less.
After some back and forth I asked where we are going form here and she said I would have to send them proof that the bill was paid in full.
So the dance started again. how can I send proof of a bill that I a.) don't have any recollection of and b.) how many people keep bills and receipt for more than a few years, if that long.
I didn't hear from this company for almost a year. Then this week I get a letter , the first thing in writing I ever got from this company, basically stating the same as I was told on the phone.
owing to Zales and account#; a reference #, the amount and the "fantastic" discount and that it would only be availlable till such and such date.
last year after talking to this person at PMC, I went home googled for the closest Zales store just to find out that there are no Zales stores in Canada.
Now even if I would have shopped at Zales in the U.S., it couldn't have been in 1996 since the first time I ever been to the States was not before 1998 and I got my passport to proof this.
Now I read and read in this forum and others, but still there is no straight answer, or maybe I have overlooked it, but 11Years back?
Ok I moved several times in the last few years, but i had the same job for the last 10 years and I bought a house 2 years ago and nothing came up on the credit check.
I mean $600 is $600, really isn't out off this world, but I refuse to pay something I never got real proof of that I made this purchase.

April 18th, 2007, 03:06 PM

Ahh yes the infamous Zales has creeped in again, well the best advice I can truly pass on to you is this, if you had never shopped in
Zales or ever held a credit card to Zales then your fine, Zales cannot offer credit cards to non US citizens, unless you lived in the USA. However, if PMCI is contacting you, then state to them that the accoutn is stat barred, you need not worry about proof of a receipt or anythign like that, the fact is it is stat barred, if they insist on houding you fo this debt that is past 7 years, contact the credit bureau, both Trans Union and Equifax, get copies from both, then what you need to do is write a letter to the Ministry of Consumer and Business Affairs, and send along your copies of your credit file. Only copies, state in the letter that they are contacting you on a stat barred debt and in turn they will start the process investigation. That is one way. The other is tell PMCI it is stat barred and if they still contact you then tell them you will place a complaint to the Ministry on illegally collecting on a debt that is stat barred.

April 18th, 2007, 03:22 PM

For one I must rebutt, any collection agency is not allowed to relist an item to your credit file unless it is clearly stated within the guidlines of the creditor, that is only in the case if the creditor has not listed the item themselves, however, under law, the only debt ever to be consistent on your file is any government debt, PMG PMCI cannot relist an item to stand for 24 per post. However I must totllay agree with you, do a credit file check, look it over, if there is nothign on there and you get calls for something that is not on your file then challenge them, look at complaining to the Ministry, if they can bully us, then we have the ammunition to fight back.
Remember "Eaton's" well here is a bit of info on that, they were financed by a company called Trans Canada Credit, this was back in the day. Now Eatons closed the doors and went bankrupt, only on their real Estate and Corporate side of the company, and under protection prior to they sold the logo, and the retail portion to Sears Canada. Now here is the tricky part, because all of the other stuff was taken care of they needed to resolve the credit card accounts, so what they done is sent to all their credit card holders, ones in goodstanding, different options for other credit cards, to replace the Eatons card, Trans Canada Credit financed several other department stores, Holt Renfrew, Danier Leather, Sears, at that time. However the credit accounts that were dilinquent were placed in a holding data base, because they needed to resolved the good credit accounts.
Now it took some years to finalize the good credit, and what happened in the meantime, the time line of 7 years less a day took effect on at least 90% of the bad debt, so in turn to get these bad accounts off their hands Trans Canada Credit decided to sell all their bad debts to have nothing more to do with them, they sold it to a company, that operates in Chicago, they operate here has Canada Receivables, now Canada Receivables cannot operate as a collection agency, not the parent company, I will try to get the name, due to US laws and Canada Laws, so they made a mock company Canada Receivables, and in turn they sell these debts to collection agencies, from the time TCC holding these accounts to resolve the good debt, to selling them and then CR selling them to Agencies, the 7 year issue is in effect, any one getting a call about an old Eatons account, all of them are stat barred.

April 18th, 2007, 03:31 PM

People I cant stress enough, please read, anytime you apply for a credit card through a department store, they are financed through a finance company, if anyone goes to the store directly the main store will never have information on your credit, you need to find the finance company, example this is just an example apothesis, lets say The Brick, they are financed through lets say Wells Fargo, you apply for the brick card, even though the name "The Brick" is on the card it is a Wells Fargo credit line, only your limited to The Brick purchases.
Now lets say you defualt, and years go by, The Brick will never ever have any credit info on you, it is wells fargo that will, even though you go into the store to pay the card, all the brick does is record your payment and the stats are forwarded to wells fargo, in the post about Whacky Wheatleys never heard of PMCI or they dont have info on you, that is correct, becasue Whacky's do not deal with the credit side, they only have a finance company, find out who the finance comapny is and go from there, but if it is past 7 years, then just tell PMCI it is stat barred.

April 18th, 2007, 03:40 PM

In one of my replies I do believe Peoples Jewellers was part of Trans Canada Credit some years back, remeber People's went belly up, and they were bought by another company to retain the People's insignia, however in the case of your spouse, he may have paid the account, but at that time it might have been a cross line of debt, he paid it and the file was on process of going to an agency, or in the bad file data base. however look closly on your credit file, People's will not be listed as a creditor, only the finance company at that time, if nothing is on your file about a past debt, then your in the clear, one the collector should have informed your spouse what the debt was for, and form what I see in your post it is stat barred anyway. You are not obigated to pay, due to the statue of limitations, now in defense of the agency, any information that is on your credit file is updates regularily, anytime you ever apply for credit, mortgage, anything that requires a credit check, all information is updated, under law if a collection agency has a debt they are allowed to perform a credit bureau inquirey, if you are unaware how they knwo your previous information address etc, it is off the credit file. Most people that have unlisted numbers are baffled on how an agency finds it, it is because it is on a credit file, when the app asks for a home number, people dont realize, just cause it is unlisted, you place it on a credit app, it becomes unlisted to creditors.

April 18th, 2007, 03:47 PM

Ahh yes the automated calls, I get them all the time, I hate them, I just hang up, if they want to call me I want to speak to a live person, not some computer voice informing to call back, collection agencies are moving into the computer era, they are finding ways to save the task of collectors calling, it is the quantity, how many numbers can a cimputer call, well from my experience, a dialing system a cometer can call with in a minute over 1000 numbers simultaneaously, they detect the answered calls, and answering machines are just classed as no answers, yes when you call back your led down several paths to get to the final result of the original call, then to find out that it is a debt, from your post collection agencies are not scams and are governed by law, the BBB wont be able to help you, it is the Ministry of Business and Consumer Affairs. You did the perfect thing by looking after your credit file and resolving any issues that were errors.

April 18th, 2007, 03:52 PM

With many companies an incomplete website does not mean it is a scam they just never got around to finishing it, they are ligit, they are a full collection agency, here is a bit of help, they are located in London Ontario, and you can find them through canada 411.
On their website oh yes they have changed it again here is the info
Visitor Address:
700-200 Queens Avenue
London, Ontario CAN
N6A 1J3Postal Address:
700-200 Queens Avenue
London, Ontario CAN
N6A 1J3866-226-8881
519-964-3106
E-mail: scoffin@portfoliomci.com
that email address is to the president of PMCI, the numbers are main numbers so if you are looking to contact someone here ya go, to avoid the transfer here and their.

April 19th, 2007, 12:16 AM

We have had a credit place call us for 2 years now ,they have the wrong person ,I tried telling them reported to ombusman and Bell we ignore the call ,I know I could change the number or futher my complaint but Im not wasting my time or money screwing with thses people I wrote a letter even .
All to no avail --
5 bucks a month to block the call
-they use diffrent number
-no not paying -
-screen calls
the goverment wanted us to do all this paper work and then they'd see what they could do
At the begining they ask all these question and I told other halpf hang up tell nobody nothing if the place is legit they would know who you are
I dont care anymore --
They leave a tape recored message

Im not paying to get rid of these people --why should I

April 19th, 2007, 12:26 AM

What is the name of the credit place, and who are they asking for, do you ahve a main number for this place?, What you need to dois contact the Ministry of Business and Consumer Affairs, they will need to know the name of the credit place, and what you have done, re your post letters etc. Now remember "a credit place" and collection agency" are two different aspects, credit issues credit, collections collect.
The ministry will look into this for you and in most cases will investigate, and will give a very strong warning. Now also keep in mind, that anytime they call, anybody can say they are the wrong person, just to avoid calls, the Ministry may also require you to provide them the Ministry with adequate proof. because any one on the other end can say you got the wrong person, I have experienced those calls and it turned out it was the person that owed the debt, not saying it is you, but just step back and think about the whole subject......

May 23rd, 2007, 11:28 PM

Hey excollector -- nice to see someone who knows what's going on here.

Just wondering -- I have a lot of bad debt from when I lost my high-paying job 5 years ago. I'm self employed now and my earnings are, well, pathetic, frankly. At the beginning of my saga I was honest with Portfolio, sent a letter stating my situation and why I couldn't pay. I had and have no assets of any value and pretty much what I have is covered by bankruptcy exemptions anyway. I chose at the time not to go bankrupt, believing my situation would be very temporary. Didn't quite turn out that way.

My question for you is, how often do companies like PMC sue, and is there a threshold? Do they know somehow that they wouldn't get anything out of me by suing, or are they blind that way? I owe a substantial amount to Canada Revenue (which I've been chipping away at), I'm assuming they'd be aware of that and realize CRA is first in line... or do they.

I read the actual act in BC (my home province) on limitations, and it states from what I understand that an action (court proceeding) cannot be brought more than 6 years from the date that it became possible to do so. Like I said, it's been 5 years since my last activity on my bad accounts. I read elsewhere in here that in other provinces that they can renew the statute of limitations just based on a phone conversation where you acknowledge owing -- do you know anything about BC?

May 24th, 2007, 01:45 AM

Just to summarize, if you ever get a letter from a collection agency then later a letter from a lawyer, it is usually a scare tactic becuase most collection agencies will pay a lawyer just to send a formal legal letter......the creditor has to approve legal suit. Collection agencies do sue accounts that are a high value, and if there is a form of obtaining funds, a person needs to be employed, hold a full time job. But just remeber that if it is an account that the creditor has given permission to sue, then the best thing would be to look at the avenue if bankruptcy.
If Rev Canada is getting payments from you, they will not sue, because you have made partial payments, besides if they were gonna sue then they would have already commenced legal action.....
Hope this helps

May 25th, 2007, 04:41 PM

Thanks muchly. Yeah I cringed pretty hard when they first threatened to sue years ago. But they didn't, and it's been 5 1/2 years and they're still threatening. I figured any creditor looking at my credit report, with that many bad things on there, and my being totally self-employed with nothing commission-wise, etc to go after would probably conclude it wasn't worthwhile. But you never know.

I had one guy from PMC tell me that they could apply a 'pre-legal judgement' or something about that and take 20% of whatever I earned right away. That was one of the early ones I actually talked to someone on. I told him that I had 10 creditors, and, well, do the math.. how is *everyone* going to get 20%?

To be honest, not having lived up to my obligations is something that haunts me every day. I had perfect credit, no blemishes at all until losing that job. I've not paid anything on that debt since, but I've had 5 1/2 years in the hole with no ability to get credit, not even a chequing account at a bank. I'm definitely getting some (deserved) punishment. I keep saying yeah, I'll pay it off.. but it just isn't happening. Isn't enough to go around yet.

May 28th, 2007, 12:02 PM

Does anyone here have the phone number to contact the Montreal office?