Over the past several months our firm has been conducting a significant amount of research into the collection industry as well as those holding themselves out as providing solutions to Canadians struggling with unsecured consumer debt. Thanks to tips from a number of sources–including a number of my LinkedIn Connections whom I have never met–we are currently in the process of producing several videos and documentaries based upon our research.
Earlier today our firm recently sent out the following Press Release announcing some of the details in connection with our new video and documentary series.
For Immediate Release:
November 1, 2015
Consumer Advocate Announces New Documentary Series on Consumer Debt
Kitchener, Ontario–Comprehensive Debt Solutions Inc., will be rolling out a series of short videos and longer documentaries starting in November focusing on consumer debt. “Some of these videos will emulate CBC Marketplace‘s investigative format and other videos will focus more on the ABC’s of financial literacy, with a special emphasis on consumer debt”, says Mark Silverthorn, former collection industry insider and Founder of Comprehensive Debt Solutions Inc.
The average Canadian is poorly informed concerning financial literacy–particularly as it relates to consumer debt. In many provinces bill collectors run roughshod over consumers with overdue accounts. In many instances, vulnerable individuals–senior citizens, recent immigrants, and students are particularly at risk. Many Canadians, including those with university degrees, simply do not have a basic understanding of the various options that they have when they are experiencing significant challenges with debt.
Furthermore, there is a financially lucrative industry in Canada which provides services to consumers struggling with unsecured consumer debt. According to Mark Silverthorn, “In many instances the moral gas gauge for these firms is running on empty”. The industry is rife with conflicts of interest. A significant number of firms are engaging in unethical and illegal practices. In some cases the consumer is receiving questionable advice. In other instances the consumer is simply being preyed upon.
For further information:
Founder, Comprehensive Debt Solutions Inc.
Tel.: (866) 996-9941 or (519) 827-5513