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MTCU now assigned to Collections

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mikes View Drop Down
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Joined: 19/July/2017
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    Posted: 19/July/2017 at 8:11am

I checked my credit on creditkarma.ca and a recently opened June 1 2017 collections from FDR collections shows $5,167 from MTCU.  I believe this debt to be from 2001 or 2002.   My credit score was 618 and dropped to 594 when this happened.   1.  Is this legal for FDR collections to start a new open date on this old loan?   2. Can this new open date stay on my report for 6 more years and effect my credit score negatively each month?   3  How do I remove this information from the report?  Do I contact the collection agency and remind them of statue of limitations?

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KimM View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Posted: 23/July/2017 at 8:01pm
Me too. I am in Ontario. The loans are from '90's-2001. Mine is around $20000 and my credit rating on kremitch karma went down 58 points. Would like to know more about this. Thanks
Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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KimM View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Posted: 23/July/2017 at 8:35pm
At the same time trans union posted this to my account they also reactivated a monthly credit report I cancelled last year.. I had to call them to cancel it and filed a complaint to my credit card company. Looks fraudulent to me. And I have said before, there is a lot of hand holding and scare tactics which i suspect begets kick backs. Just saying eh?
Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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a.j View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote a.j Quote  Post ReplyReply Direct Link To This Post Posted: 01/April/2018 at 6:02pm
Hey, same thing happened to me.  Verbatim:  

I checked my credit on creditkarma.ca and a recently opened June 1 2017 collections from FDR collections shows $6255 from MTCU.  My debt is from 1995-1998.  I haven't lived in Canada for 8 years.  Before I left, I did my taxes and naturally that went to the student loans which were from Ontario.  I am guessing that is considered acknowledgement of the debt.  Regardless, I don't believe there is any statute for limitations in Ontario.  Did you ever find out answers to your questions?

1.  Is this legal for FDR collections to start a new open date on this old loan?   

2. Can this new open date stay on my report for 6 more years and effect my credit score negatively each month?   

3  How do I remove this information from the report?  Do I contact the collection agency and remind them of statue of limitations?

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