The next time iQor Canada Ltd calls you to collect on an outstanding debt, you might as well tell them “I’ll pay mine when you pay yours.” As the CBC reports, iQor, one of Canada’s largest debt collectors, “was itself pursued by a smaller, rival collector after failing to pay about $55,000 in legal fees to a Toronto firm.” Whoops!
“It’s a dichotomy to have a company calling other companies for money, or individuals asking them to live up to their financial commitments when they themselves don’t,” Don Vence, president of Credit Control Central, told CBC. Sure got that right! It’s like going to counseling for your drug habit only to discover that your therapist runs a meth lab on the side—only I’ve never actually heard of that happening. It would kinda destroy their credibility, dontcha think?
Not that iQor Inc, the parent company of iQor Canada, has an awful lot of credibility to begin with. The CBC reports that one of their American subsidiaries, Allied Interstate, was fined $1.75-million for “allegedly collecting debts from people who did not even owe money.” No word as to which client commissioned them to do so, but rumour has it that a D. Corleone made some calls from a disposable cellphone…
In any case, the “I’ll pay mine when you pay yours” defence doesn’t really work anymore. Although the CBC just uncovered this story yesterday, it seems that iQor settled its debts in August 2011. Now, time to pay your bills, ya freakin’ deadbeat!