An Ontario woman says she was shocked when provincial fines from 20 years ago suddenly tanked her credit score last week, but according to at least debt expert, the situation may not be as unusual as it seems.
Details on the offences were limited, listing brief descriptions, such as vending prohibited, keep, sell or offer liquor, no licence, and health protection act. Beyond these labels, Prosser has no idea what the fines are for and the only way she can find out is by visiting a Toronto courthouse, she said.
While Prosser wished the city did more to track her down, insolvency trustee Samantha Galea said provincial and municipal fines are not statute-barred, which means there’s no limit on how long creditors have to pursue collections.Lisa Prosser said she panicked when four derogatory marks suddenly appeared on her credit score.
He explained the City of Toronto likely assigned FDR to collect this debt in December, hence the recent date on Prosser’s report. Under pressure with her imminent home sale, Prosser felt the only way to resolve the issue was to pay the fine. “I need to get it off my reports. It's the only choice I have,” she said.
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