Tuesday December 21, 2010 -- Credit agency fined over personal information breach Full story By Amy Minsky, Postmedia News
In a breakthrough ruling, the Federal Court awarded damages Monday after a credit reporting company sent inaccurate information to a bank, breaching the federal act respecting personal information.
Federal Court Judge Russel Zinn awarded Mirza Nammo the precedent-setting $5,000 after credit-reporting agency TransUnion of Canada Inc. was found to have collected inaccurate personal financial information about Nammo, then transmitted that information to a bank, and failed to promptly correct the information and to alert the bank of the corrected information.
Nammo also was awarded $1,000 in legal expenses.
Nammo, who lives in Calgary and represented himself, told the court TransUnion's inaccuracies directly led to his failure to secure a loan for a business opportunity.
The ruling marks the first time that damages have been awarded for a breach of the Personal Information and Electronic Documents Act.
The ruling followed Nammo's April 2008 complaint to the Privacy Commissioner's Office, which in January, found his complaint "well-founded and resolved."
Nammo, 44, told the court he was approached by someone who wanted to venture into a trucking business, but didn't have the means to secure a business loan.
The individual offered to make Nammo a 50 per cent partner in return for his name and credit history.
The Royal Bank of Canada didn't approve Nammo's request for a loan, because it was told he had bad credit.
The information that lead the bank to that decision was obtained from TransUnion, but originated from a Calgary collection agency.
Upon contacting that agency, Nammo was told the information in question related to someone else -- a 28-year-old with a similar name but who lived in a different province and had a different social insurance number -- and was never intended for Nammo's file.
Nammo said the mistake could have easily been avoided, had the credit agency noticed the person cited in that file had different personal information.
"It is a challenge to determine whether its response was mere obfuscation or, as was suggested by the applicant, deliberate misrepresentation," Zinn wrote in his judgment. ". . . TransUnion took no responsibility for the error which was its and its alone."
Zinn criticized TransUnion for trying to pass the buck to the collection agency, and took issue with the credit agency's failure to inform the bank of its mistake once Nammo's file was updated. Although TransUnion contacted RBC to notify bank officials that Nammo's file had been updated, the details of the update were not offered.
Nammo asked for damages of $250,000 for losses, as well as a review into how TransUnion managed to supply the wrong information. He also sought damages in a "reasonable sum" for stress, mental anguish and embarrassment caused.
Monday December 20, 2010 - 11:30 PM EDT -- Canada Credit Fix Is Flying High As It Introduces Air Miles Reward Points
Canada's favourite Air Miles Reward Program has come to Canada Credit Fix! Customers can now earn Air Miles every time they purchase Canada Credit Fix's credit repair and debt negotiation memberships, and redeem them through the Air Miles program for free flights and rewards. This is yet another fun and useful benefit for clients to get a boost during their time of credit recovery.
Canada Credit Fix is pleased to announce that it has joined the Air Miles program! Offering their Canadian customers their Fix and Fly program is just another great reason to deal with Canada Credit Fix. With its generous rewards on everyday purchases through participating retailers and service providers, the Air Miles program has become a fixture amongst reputable businesses in Canada. And now the consumer can earn their Air Miles when they choose to repair their credit through Canada Credit Fix! It is now literally rewarding to be responsible with your credit.
The Air Miles Reward Program has become a household name in Canada. As a fun and easy program for earning reward points redeemable for travel tickets and prizes just by making common household purchases, it has expanded to be one of the most popular consumer rewards programs in Canada. Since the program's first started in 1992, Air Miles has given away millions of points and remains a popular program with Canadian consumers. This program is so popular in Canada that it is estimated there are over 10 million Air Miles accounts. It's also estimated that two thirds of the Canadian population are participating in the Air Miles program.
With so many Canadian consumers as a member of the Air Miles Reward Program, many retailers have jumped at the opportunity to use Air Miles to promote their own businesses. Retailers such as Safeway and Rona offer Air Miles. So do financial institutions like The Bank of Montreal. Even credit card company American Express is on the Air Miles bandwagon. And now, Canada Credit Fix is authorized to offer Air Miles as well.
Canada Credit Fix is Canada's number one credit repair and debt negotiation company. Its mission is to provide a full suite of credit repair, debt settlement and recovery services to clients who have low credit scores, errors, general bad credit, collections and bankruptcies on their credit report. Canada Credit Fix also caters to those consumers with good credit that just want to improve their credit rating so they can get the best deals on loans, leases and mortgages. Canada Credit Fix is like a full litigations department in a law firm, fighting on behalf of the consumer to give them the credit that they deserve. Through their innovative programs designed to negotiate the client's debts, increase consumer credit, keep that credit score high and protecting clients from further damage to their credit report through identity theft, Canada Credit Fix has become an indispensible service for the Canadian consumer and an advocate for fair treatment of their clients by the credit industry. Canada Credit Fix has and continues to speak on behalf of their clients whenever a compliance violation occurs or an inaccurate entry in a credit report appears. Canada Credit Fix fights for their clients rights to fair, accurately reported credit.
And while Canada Credit Fix strives to give their clients a credit report that better reflects their credit worthiness, the clients can now earn Air Miles that can be redeemed for rewards, be it saving for that family vacation or earning that special item they need for the household. Canada Credit Fix clients can earn 50 points with their Air Miles card, letting them fly while they fix!
With the ability to earn points with their Canada Credit Fix membership purchase, clients not only can earn rewards, but it also gives them a welcome boost of morale during a time when their financial situation is less than ideal. Canada Credit Fix is all about giving their clients peace of mind and putting them at ease during this transition. With reward points from Air Miles, both Canada Credit Fix and its clients are flying high.
Monday October 04, 2010 - 18:05 PM EDT -- Cease Collect Joins Canada Credit Fix in Credit Repair
Canada Credit Fix Grows Again
Canada Credit Fix (CCF), rapidly expands again. In a powerhouse move CCF has negotiated a merger with Canada’s Cease Collect
agency and has agreed to incorporate their infrastructure and clients into their current system. CCF has also added Cease
Collects president Tyler Lorenz to their roster of talent and brings his senior position in their credit repair and debt
settlement facility. With Cease Collect in the Canada Credit Fix fold, the consumers win by having the strongest partnership in the industry.
Canada Credit Fix (CCF) has announced today that, in a move to devour more market share and client base in the credit repair
industry, they have adopted the debt settlement agency known as Cease Collect. Cease Collect; the fast growing Canadian debt
negotiation and credit repair agency, brings its expertise in the fields of credit repair, debt settlement and collections
expertise to Canada Credit Fix’s already formidable knowledge base. Both CCF’s President Sheldon Wolf and Cease Collect
President Tyler Lorenz are excited about the new merger, as Tyler Lorenz’s experience is combined with CCF’s industry leading
credit repair technology and top notch credit experts.
Tyler Lorenz Is a veteran credit expert in the fields of credit and collection. With almost 2 decades of industry service he
started Cease Collect to also help consumers with their credit troubles dealing with unethical collection practices and out of
control debts. Cease Collect agents have worked with organizations such as American Express (USA and Canada), CIBC, Royal Bank,
Bank of Nova Scotia, Wells Fargo (incl. Future Shop, Best Buy, Birks, etc), Arrow Financial, Student Loans, National Money Mart,
and a number of collection agencies. Cease Collect has helped clients in the past with their credit and debt problems, and as such,
specializing in debt settlement, debt negotiation, credit repair and collections calls. Tyler Lorenz has made it his mission to
help people deal with the stress of debt and collectors.
One of Cease Collect’s specialties is helping their clients stop the harassing calls from unsecured creditors and collections agencies.
Cease Collect knows the unethical and illegal tactics of the credit collections agencies on a daily basis, and knows how to stop them cold.
Collections agencies can resort to unsolicited calls to a client’s work, home and family. Therefore, Cease Collect fought for the
client’s rights by halting such unwarranted calls, thereby giving the client the time needed to settle their collections
Credit Fix, the number one leaders in Canadian credit repair and debt settlement, welcomes Mr. Lorenz to their arsenal of experts and
looks forward to further rapid growth. Canada Credit Fix has grown 1800% since December 2009 and claims their business will double again
within the next 6 months. Both Canada Credit Fix and Cease Collects customers are the real winners as the combination of corporate
strategies and technology will insure that the customers receive the best and most favourable results even faster than before.
Canada Credit Fix brings bring to the table their own revolutionary levels of expertise in the fields of consumer credit and credit
report repair. With their own pool of credit experts, debt negotiators and litigators, Canada Credit Fix has developed one the most
experienced and sophisticated credit repair labs and technology in all of North America. We have pioneered and produced the most
advanced technology for credit repair and debt negotiation in our field claims owner and President Sheldon Wolf. “We are able to help
people repair their credit and settle their debts in a fraction of the time” claims Wolf.
Canada Credit Fix is on the forefront of credit repair, and will only get stronger as it expands in the credit industry. Acquisition
of Cease Collect and the talent that it brings forth is a vital component to their dominance of the credit industry. With Canada Credit
Fix’s dynamic energy and cutting edge developments in the field of credit repair and reporting, and Cease Collect’s vast experience in
the credit collections, debt settlement and negotiation field, this merger promises to be an unbeatable partnership with unprecedented
growth potential.
Tyler Lorenz will take his new position as a senior advisor and lead the marketing and development outside sales division. Canada Credit
Fix is pleased to have Tyler Lorenz on their team, and predicts a bright future as the merged companies forge ahead to revolutionize how
consumers and companies both approach credit.
The Credit Repair industry grows faster in a down turned economy.
Our "Supply" is knowledge and our "Demand" is overwhelming!
Canada Credit Fix has announced the launch of 140 new Credit Repair
Business licences across Canada.Currently, Canada Credit Fix has Reps and Agents in all
provinces. The aggressive plans for office expansion were based on
the overwhelming demand brought on by the down turned economy.President Sheldon Wolf says that when the economy is bad we
simply grow faster.
Credit Repair in America is a booming business. In fact you
can pretty much go into any Taco Bell and order 2 enchiladas and a
side of credit repair to go with it.
Canada on the other hand has seen a few individuals attempt to set
up shop, however as quick as they came they seemed to drown in the
puddles of government red tape. There are a few "Guys" still
out there attempting to do credit repair however..... this is
hardly a business that can be run properly out of your bedroom on a
laptop.
They used to say...
“The only thing that is certain in life is Death and taxes”Now it is death, taxes and credit!Good or Bad...All Canadians have to deal with credit!
Canada Credit Fix has created several programs that should quickly
become a standard in every adult life.Credit Fixer, Credit Secure, Credit Vault, Credit Resolve and
Credit Build.These
programs are meeting the needs of modern living in a credit based
country.These days if
you are not monitoring and insuring your credit is like running a
computer without a virus protector.If you choose not to it is simply a matter of time until you
meet your consequences.
Every day we have the task of repairing and rebuilding Canadians
credit reports that have been victimized by Errors, False Data,
Sloppy Reporting or Identity Theft!
Credit report agencies, much of the time simply is not the problem, sloppy creditors
and collectors mat be the real problem. We consider ourselves a gateway to recovery, with the
assistance of “Credit report agencies” and “Government Acts” we manage to help
Canadians clean up and re-establish their credit.
Our approach is both friendly and aggressive but very simple and
that gets the job done.
Our expansion is also releasing 140 "Canada Credit Fix" virtual
offices from coast to coast.Our goal is to eventually partner with agencies such as
TransUnion allowing them to do what they do best while
we focus on what we do best.
All qualified parties that are interested in operating one of our
business licences should send their letter of intent or proposals to
Sheldon@Canadacreditfix.com
.
Canada Credit Fix Inc announces: Free Credit Repair for Canadian Military Veterans and the severely disable and handicapped.
We never charge Canadian Veterans or Current members enlisted in Canadian Military Services.
Additionally we will never bill clients that are permanently disabled or recipients of AISH (Assured Income for severely handicapped.
Our policy is to offer our services to everyone in this Country even if you cannot afford our fees. Please contact us and we will do our
best to work things out for you. Visible credit is your right and the ability to view, analyze, negotiate and dispute is something every Canadian should
be able to do regardless of your financial status. www.canadacreditfix.com 1-866-530-3646
Question and answer. Should I hire a lawyer to fix my credit?
Having a lawyer do the job is possible but most lawyers that handle things like credit repair seem to charge $300 to $500 /hour. That is like paying $3000. for
an oil change.
Credit Repair is best left to a "Reputable" agency that knows their stuff. There are many cases where we advise people to do it themselves and in
fact we tell them how to do it with zero charge.
That said there are also times where people can actually make their credit worse than it was before. Experience is everything in credit repair. Make sure
they are qualified and capable of doing what they promise!
Any good credit repair agency should be able to repair credit between $300 to $500. We know our customers do not have lots of extra money and our policy
is to flat rate and keep costs to a minimum.
If you are looking for a Canadian agency to handle your messy credit and you are either a war veteran, in the military currently or permanently disabled
consider your complete service complimentary with Canada Credit Fix. You will never be billed 1 cent from us!
www.canadacreditfix.com
Canada Credit Fix - Elimination of Canadian foreclosures up to 85% By: Canada Foreclosure info Date Added: Apr 17, 2010.
Canada Credit Fix Inc. (CCF) has announced plans to offer its "Foreclosure and loss
mitigation program" to the Canadian mortgage lenders and insurers coast to coast. Several Canadian mortgage lenders have entered
into negotiations with CCF for exclusive use of their program; however the Debt Settlement and Credit Repair agency would prefer to
become a national standard system rather than an exclusive bank program. Canada Credit Fix President Sheldon Wolf claims that 85% of all Canadian
foreclosures can be avoided with their exclusive mediation and loss mitigation system being implemented.This converts into endless millions of dollars saved by
banks, insurers and most important Canadian homeowners. The current system is a complete failure that is clearly proven by the scorching high amount of
deficiency judgements and record loss claims made by mortgage lenders to CMHC and Genworth. The “wait and see” approach to the economy is no longer, nor
has it ever been a good excuse not to mitigate losses as even in a “perfect” economy the system should still be required.
Loss mitigation is a huge industry in the United States that sees third party agencies
similar to Canada Credit Fix dealing with the homeowner rather than the bank or a lawyer. The first problem with the current
system in Canada is that mortgage lenders and the distressed homeowner often lack the proper communication skills or tools to
resolve matters and resolution soon becomes a stalemate not to mention a conflict of interest.
Often the relationship between the lender and the consumer may have become tarnished through hardships and stress; much like
any divorce there usually needs to be a 3rd party mediator due to the high level of emotions involved. The second problem occurs
when matters end up on a lawyer’s desk and down the path of inevitable repossession. Within days of the lawyer "touching"
this file the already behind homeowner may now be further behind by over $3000 because of the expensive legal
fees, inspection fees, appraisals, application costs etc. The real problem lies when the customer now has the $5000 mortgage
arrears, but not the new balance of $8000 and now the lender has essentially created a foreclosure loss. Any intelligent businessman can
see that the lawyer’s role in a foreclosure file will almost always be a conflict of interest with the homeowner’s position.
Let’s face it the lawyer’s bill will get paid no matter what from either the lender or the homeowner.
The fact is we need the lawyer only if this file cannot be resurrected! Do we really want the homeowner spending his money on frivolous legal fees
or catching up the arrears?
Here is what Canadians will rarely find out. Firstly, the use of a
foreclosure lawyer is great if the homeowner has no intentions to pay up, (this is not the case 85% of the time) however if the
customer wants to work out matters many files end up in a conflict of interest. Does that lawyer want to make $300, $3000 or even
$6000 for a completed foreclosure file? CCF has named this process "Foreclosure Manufacturing" but the most frightening problem
occurs when the mortgage is insured by CMHC or Genworth. There are many cases where a lender would simply rather collect the losses
from the insurer, which once again is a conflict of interest. Many times a mortgage lender has a greater benefit to profit in the
foreclosure than mitigating matters. So essentially, both the lender and the lawyer may prefer the home to go to the point of repossession.This is the ugly part of the lending industry is simply done
but not talked about.
Simply put, the facts are established that the majority of homeowners want to stay
in their homes and work things out, avoiding foreclosure. The lawyers make less money when this happens and the
mortgage lenders collect insurance money either way plus may profit from the completed foreclosure action.Then we have the mortgage insurer,
CMHC and Genworth; whose real purpose is to reimburse the lender for their often avoidable losses, and then go on to sue the original
homeowner along with all other parties that may have assumed this mortgage in the past.
Unfortunately, the now ex-homeowner that most likely wanted to prevent the foreclosure is found in a position of owing $120,000
in deficiency judgements to the insurer.Here is the fact that ends to vicious circle of greed and
corruption; without being a economical genius it is fairly easy to figure out that if the foreclosed on homeowner was struggling with
getting on his feet and paying the arrears of the mortgage than most likely he does not have and extra $120k sitting in his piggy bank.
By this point however the ex-homeowners are broke, bankrupt or homeless and the deficiency judgement gets written off.
Clearly, the system is a failure and change is desperately needed for lenders and their insurers.
There needs to be an unbiased third party agency to confirm fairness and ethics have
prevailed between the homeowner and the lender, the lender and the lawyer and the lender and the insurer.
A proper “Loss Prevention” system would see files only get to the lawyer’s desk in the event that matters could not be worked out
within the 1 week period. The intervention of our adjusters and underwriters would take
place promptly after 2 months worth of payments are in default.Distressed homeowners will be given various options and will
be part of the solution. Through solid communication, available terms and solutions it is our policy to do help Canadians keep their homes in times of
hardship and avoid losses. In the event that we are unable to assist with mitigation then the file would be immediately be forwarded to the lawyers along
with our report.
Canada Credit Fix Inc is currently investigating several recent cases where the banks
may have actually "created" avoidable losses. A lender should be obligated to make reasonable efforts to avoid any loss to its
shareholders, insurers and most importantly its consumers. Intentionally creating millions of dollars in default claims without
scrutiny is ridiculous and irresponsible. This practice is called “Manufacturing foreclosures” and
unfortunately we are dealing with this on o regular basis from many of the known mortgage lenders.
On a daily basis lenders and insurers may spend $300 to $350 per appraisals prior to
funding a new mortgage. This diligent process is completed only so that the lender can insure that the mortgage being funded will not
exceed the loan to value ratio of its market value. This preliminary process is both critical and necessary as to
avoid unnecessary losses, however for unknown reason the lender or insurer won’t spend virtually the same fee of $300 to $350 to
prevent the actual loss in the time that matters the most; which is attempting to protect the mortgage and its secured asset.
Canada Credit Fix has also devised a Fraud Prevention program that would eliminate
most fraudulent mortgages from being funded in the first place. The system is similar and the fees are identical to those used in the
foreclosure prevention program. The 3rd party agency integration eliminates questionable ethics and dubious internal activities.
Corruption is no longer a big secret in the industry amongst mortgage broker, reps, realtors, appraisers, and lawyers. Most mortgage fraud
occurs in teams and includes of all of the above industry players. Once again Canada Credit Fix claims to be able to reduce
foreclosure loss from fraudulent activity up to 85%.
Canada Credit Fix wants to implement their mitigation program that will see every
insured mortgage go through a brief and efficient process prior to the lenders lawyer executing any action. The written report provided
by Canada Credit Fix will need to be provided by the lender to its insurer as part of the “proof of loss” much like the appraisal
requirements. While the appraisal will demonstrate accurate value of the current property, the mitigation report will demonstrate that the lender made
reasonable efforts to avoid foreclosure action against the home owner. CCF President Sheldon Wolf has dealt with foreclosures
and credit for over 22 years and claims that almost 85% of these cases can be resolved with his effective loss mitigation program.
"Let the people stay in their homes" almost everyone wants to work it out and simply need a friendly voice with options and solutions.
There is no better party to handle foreclosure prevention and mitigation than a third party agency that is unbiased and
unemotionally attached to the specific mortgage file. Foreclosure prevention is the cure for the Canadian mortgage meltdown.
