On June 1st, the Small Claims Limit in BC increased from $25,000 to $35,000.
Creditors can now sue larger outstanding debts in the more streamlined BC Small Claims system which could mean a quicker collection result.
Of course, the same debt collection questions remain – is it worth suing? And, will a judgment enable a creditor to collect? These are questions a professional collection agency can often answer before a creditor spends time and money on a court process.
Current Small Claims Limits in some other Provinces:
Each province has different small claims rules and procedures, and some small claims courts, like Manitoba, do not offer a default judgment without a court hearing that the creditor must attend first.
Before deciding if court action is necessary, a creditor can assign the debt to a professional collection agency.
At CGI Credit Guard Inc., we accept all past due accounts on a No Collection – No Fee basis. There are no membership fees or minimum listing requirements.