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COLLECT A DEBT

ONTARIO LIMITATIONS ACT

September 7, 2017

Beat the clock – After two years, you may lose all legal remedies to collect an account!

We at UCM wish to remind our clients of the impact the Ontario Limitations Act may have on their account receivables.

According to the Ontario Limitations Act, any Court proceedings in respect to a claim must be initiated within a certain period of time. The Act sets out a basic limitation period of two years. This means that for most claims, a lawsuit must be commenced within two years of the day the claim was discovered (time the creditor knew or ought to have known that the account was due).

Because the Act does have exceptions, creditors who have claims they consider commencing now would be well advised to seek legal advice as soon as possible to ensure they do not lose all legal remedies. Call us now for any additional information or further questions.

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    TESTIMONIALS

    You have been absolutely amazing to deal with and I really wanted to thank you for all your help over the past 2 seasons with Collections. I can honestly say both your company and yourself have greatly impressed me. You have created a stellar relationship with our business and I am looking forward to continuing it for many more years to come!

    Erin, Accounts Receivable Manager
    Ottawa Senators Hockey Club

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    Professionalism is very important to our firm, which is why, along with being very satisfied with their high rate of recovery for our delinquent accounts, we find UCM (Unik Credit Management)’s approach, recommendations, effectiveness and professionalism in handling these matters to be most appropriate and cost effective to our firm.

    Director of Administration
    Raymond Chabot Grant Thornton

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    Unik’s representatives are well-trained and provide excellent follow up with our accounts. We certainly appreciate the easy and simplicity of transferring clients’ debts to Unik. Unik’s staff is respectful of the relationship that we have had with our clients while at the same time they are very successful at recovering past debts.

    Darlene MacInnis , Office Manager
    Nutri-Lawn Ottawa

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    Our best move was switching over to UCM (Unik Credit Management) for our collection services.
    My personal experience with them shows that they really know their way around court/legal representation and it clearly reflects on their recovery rate, which is much better than what we were getting from our previous collection agency.

    Credit Manager
    Surgenor National Leasing / Hertz Rentals

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    We were referred to UCM (Unik Credit Management) and switched over to them after not being too pleased with the rate of recovery we had with a national collection agency. UCM.’s rate of success surpassed our recovery expectations; they even had a high rate of recovery on accounts that had previously been assigned to the national collection agency.

    Director of Student Loans
    Federation des Caisses Populaire

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