#CBVDebtHelp

[mydebtrep-blog]

Why is CBV Collection Services Suing Me?

Why is CBV Collection Services Suing Me? 

CBV Collection Services may be suing you because they claim you owe a debt they are attempting to collect. The lawsuit could be on behalf of an original creditor or because CBV purchased the debt. It is important to verify the legitimacy of the claim and take appropriate action to defend yourself. 

Who is CBV Collection Services? 

CBV Collection Services is a third-party debt collection agency that collects on behalf of various creditors, including financial institutions, utility companies, and telecommunications providers. They have received numerous complaints for alleged harassment, aggressive collection tactics, and attempts to collect on expired debts. 

How Do You Fight Third-Party Debt Collectors Like CBV Collection Services? 

If you are being pursued by CBV Collection Services, consider the following steps: 

Request Debt Validation: Under the Fair Debt Collection Practices Act (FDCPA), you have the right to demand proof that the debt is

valid and legally owed. If CBV cannot validate the debt, they must cease collection efforts. 

Check for Errors: Review your credit reports and collection letters for incorrect balances, fraudulent accounts, or debts that have passed the statute of limitations. 

Assert Your Rights: If CBV harasses you, makes threats, or violates your consumer rights, file a complaint with the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), or your state’s attorney general. 

Negotiate a Settlement: If the debt is legitimate, you can negotiate a reduced settlement or payment plan. Always get agreements in writing before making any payments. 

Hire an Attorney: If you are being sued by CBV, consult a consumer rights attorney to explore your legal options, including filing a counterclaim if CBV has violated debt collection laws. 

Do I Have to Pay CBV Collection Services? 

Not necessarily. Whether you are legally required to pay depends on several factors: 

If the debt is valid and within the statute of limitations, you may be obligated to pay, but you can negotiate a lower settlement. ● If the debt is past the statute of limitations, CBV cannot legally sue you. Be cautious not to acknowledge or make payments on an old debt, as this may restart the legal timeframe for collections. ● If the debt is not yours or has errors, you have the right to dispute it. CBV must provide proof before continuing collection efforts. 

What to Do If CBV Collection Services Sues You 

Step 1: Verify the Lawsuit and Debt

Check the Court Summons: Review the lawsuit details, including the creditor’s name, amount claimed, and court jurisdiction. ● Request Debt Validation: Demand proof that CBV legally owns the debt and has the right to collect. 

Check the Statute of Limitations: If the debt is too old, you may have grounds for dismissal. 

Step 2: Respond to the Lawsuit 

Ignoring a lawsuit can result in a default judgment against you. File a written response within the deadline (usually 20-30 days). In your response, you can: 

Dispute incorrect information. 

Demand CBV provides valid documentation proving their right to sue. ● Raise legal defenses, such as the debt being past the statute of limitations. 

Step 3: Explore Your Legal Defenses 

Possible defenses against CBV Collection Services include: 

Lack of Proof: CBV must provide proper documentation to justify the lawsuit. 

Expired Statute of Limitations: If the debt is too old, CBV cannot legally sue. 

Improper Service: If you were not properly notified of the lawsuit, you may seek dismissal. 

Debt Settlement: If you wish to resolve the issue outside of court, you can negotiate a payment plan. 

Step 4: Know Your Rights Under the FDCPA 

Debt collectors like CBV Collection Services cannot: 

�� Harass or threaten you. 

�� Misrepresent the amount owed.

�� Call before 8 AM or after 9 PM without consent. 

�� Contact your employer or family about the debt. 

Who Does CBV Collection Services Collect For? 

CBV Collection Services collects on behalf of various industries, including banks, credit card companies, telecom providers, and utility companies. They also purchase old debts from creditors, sometimes attempting to collect on accounts that are past the statute of limitations. 

Is CBV Collection Services a Legitimate Company? 

Yes, CBV Collection Services is a real company, but they have a history of complaints regarding aggressive debt collection practices. Many consumers have reported: 

Repeated phone calls, even after requesting to stop. 

Attempts to collect on debts that are past the statute of limitations. ● Refusal to provide written documentation or proof of debt. ● Contacting consumers’ workplaces and family members. 

If CBV is contacting you, verify the legitimacy of the debt before making any payments. 

Contact Information for CBV Collection Services 

If you need to reach CBV Collection Services, use the contact details below: 

�� Headquarters:20 4664 Lougheed Hwy Burnaby, BC V5C 5T5

�� Phone Number: 1-888-311-1121 

�� Email:inquiries@cbvcollections.com 

�� Website: https://www.cbvcollections.com/ 

�� Tip: Always communicate in writing and request debt validation before making any payments. This ensures you have documentation in case of disputes. 

CBV Collection Services: A History of Complaints and Consumer Concerns 

CBV Collection Services has been the subject of significant consumer complaints and disputes, as evidenced by the Better Business Bureau (BBB) and other consumer protection platforms. With a total of 267 complaints filed in the last three years, this debt collection agency has been accused of harassment, unethical collection practices, and failure to adhere to fair debt collection laws. Below is an in-depth examination of the complaints, CBV’s history, and its compliance issues. 

Common Consumer Complaints Against CBV Collection Services 1. Harassment and Repeated Unwanted Calls 

Numerous consumers report being subjected to relentless phone calls from CBV Collection Services, often multiple times per day. Some complaints include: 

Receiving repeated automated calls for individuals who do not reside at the phone number provided. 

Calls being made to business numbers, disrupting operations. ● Calls continued even after debt verification requests or cease-and-desist notices were issued.

Elderly consumers, some in their 80s, being harassed over debts they do not owe. 

Example Complaint: “I have repeatedly received calls for a person they want to collect from named **** *********. CBV has the wrong phone number, and even after telling them this, I still continue to get daily automated calls. We are seniors both in our 80s who do not need this harassment.” 

Attempting to Collect on Expired or Nonexistent Debts 

Several consumers have accused CBV of attempting to collect on debts that are beyond the statute of limitations, meaning they are no longer legally enforceable. Other complaints involve CBV attempting to collect on debts that consumers claim they never owed. 

Example Complaint: “CBV keeps harassing me on a daily basis, trying to collect a 2015 credit card debt that they recently purchased. This debt is past the statute of limitations and was already removed from my Equifax credit report years ago.” 

Lack of Debt Verification and Transparency 

Many consumers state that CBV refuses to provide proper documentation of the alleged debts they are attempting to collect. Some also claim that CBV fails to send written verification of debts, a violation of the Fair Debt Collection Practices Act (FDCPA). 

Example Complaint: “I have asked numerous times for an acknowledgment email of the monthly payment plan put in place. They refuse to send me anything and just make excuses.” 

Threatening Language and Unprofessional Conduct

Some complaints describe CBV agents using aggressive or misleading tactics, including threats of legal action that may not be enforceable. 

Example Complaint: “CBV representatives have threatened me and my family with legal action if I don’t make a payment immediately, even though I have never received documentation proving I owe this debt.” 

Using Deceptive and Unethical Collection Practices 

Changing caller ID numbers to avoid being blocked. ● Failing to identify themselves as debt collectors. 

Sending misleading letters with legal threats. 

Refusing to honor previously agreed-upon payment arrangements. 

CBV Collection Services Legal History 

CBV Collection Services has faced regulatory scrutiny for potential violations of consumer protection laws, including: 

Violations of the Fair Debt Collection Practices Act (FDCPA) – Harassment, failure to provide written debt validation, and using deceptive tactics. 

Violations of the Telephone Consumer Protection Act (TCPA) – Robocalling and contacting individuals without consent. 

Possible violations of state and provincial consumer protection laws in both the U.S. and Canada. 

Why Do CBV Collection Services Have So Many Complaints?

The volume of complaints against CBV Collection Services can be attributed to several factors: 

Aggressive Debt Collection Tactics: CBV has a history of persistent and often intrusive contact methods, leading to allegations of harassment. 

Failure to Properly Validate Debts: Many consumers claim they are being pursued for debts they do not owe or that are legally unenforceable. 

Use of Robocalls and Automated Messaging: Frequent complaints indicate that CBV uses robocalls excessively, leading to a high number of consumer grievances. 

Lack of Transparency and Documentation: Customers repeatedly report that CBV refuses to provide written verification of debt or confirm payment arrangements in writing. 

Attempts to Collect on Time-Barred Debts: Consumers allege that CBV attempts to collect debts that have passed the statute of limitations, which may be considered an unfair practice. 

Should You Be Concerned About CBV Collection Services? 

If you are being contacted by CBV Collection Services, it is essential to know your rights and take appropriate steps to protect yourself: 

Request written verification of any debt they claim you owe. ● Understand the statute of limitations on debts in your state. ● Send a cease-and-desist letter if you are experiencing harassment. ● Report violations to the Consumer Financial Protection Bureau (CFPB), BBB, or your state attorney general’s office. 

CBV Collection Services’ track record of complaints and alleged violations suggest that consumers should approach any interactions with them cautiously and demand proper documentation before making payments.

If you believe CBV Collection Services is violating your rights, seek legal advice or contact a debt relief expert like MyDebtRep to explore your options.

The Cost of Living in New York City: Financial Pressures and Debt Challenges

New York City is a global economic hub known for its opportunities, culture, and fast-paced lifestyle. However, it is also one of the most expensive cities in the United States. The high cost of living—particularly in housing, utilities, and essential services—combined with rising consumer debt, places immense financial pressure on residents. 

Housing Costs: The Largest Financial Burden 

Housing is the most significant expense for New Yorkers. The average monthly rent in the city is approximately $4,641, while the median home price stands at $1,701,818 (RentCafe). These costs consume a substantial portion of household income, leaving little room for savings or unexpected financial emergencies. 

Impacts on Household Budgets 

With housing costs consuming a large percentage of income, many New Yorkers struggle to cover other essential expenses. Households must often make difficult financial decisions, such as cutting back on discretionary spending, delaying major purchases, or taking on additional debt. Even small financial disruptions—such as a medical bill, job loss, or unexpected home repair—can quickly lead to financial instability.

For renters, affordability remains a major concern. To avoid spending more than 30% of income on rent, a household would need to earn at least $91,480 annually. However, the median household income in the city is $76,607, meaning many residents already live above the recommended threshold for housing expenses (SoFi). As a result, saving for emergencies, retirement, or homeownership becomes increasingly difficult. 

Utilities and Essential Living Expenses 

Beyond housing, New Yorkers face additional recurring expenses that further strain household budgets: 

Utilities: Monthly expenses for electricity, water, gas, and internet average $410 (SoFi). 

Transportation: A 30-day unlimited MetroCard for public transit costs $132, totaling $1,584 annually. 

Groceries & Healthcare: Food costs in New York City are approximately 12% higher than the national average, while medical expenses continue to rise, placing additional burdens on low- and middle-income households. 

Average Salary in New York City 

As of 2025, the median salary in New York City is $73,950 per year, with most salaries ranging between $34,451 and $169,650. These figures vary significantly based on industry, experience, and education level. 

Debt Burden in New York City 

The financial strain of high living costs has led to increased consumer debt. As of Q2 2024, 12.2% of New Yorkers with credit card accounts were more than 90 days delinquent on at least one account (NYC Comptroller).

Many residents also struggle with medical debt, payday loans, and high-interest credit cards, making it difficult to break free from debt cycles. 

New York City’s high cost of living presents significant financial challenges for residents, often forcing them to live paycheck to paycheck. With rent, utilities, and essential services consuming the majority of household budgets, many individuals find it difficult to save for the future or manage unexpected expenses. Understanding these financial pressures is crucial for making informed decisions and exploring debt relief strategies to achieve long-term economic stability. 

If you’re facing persistent collection notices and calls, it’s essential to address the situation before it escalates. Has your debt been assigned to any of these collection agencies? 

CBV Collection Services 

Phone: 1-888-311-1121 

Address: 20 4664 Lougheed Hwy Burnaby, BC V5C 5T5 

Other Debt Collectors in the Area 

RTR Financial Services Inc. – Medical and commercial debt collection 

Phone: (718) 668-2881 / (855) 399-4787 

Address: 2 Teleport Dr Suite 302, Staten Island, NY 10311 Penn Credit Corporation – Government and utility debt collection 

Phone: (800) 900-1361 / (800) 900-1380 / (800) 900-1393 ● Address: 2800 Commerce Dr, Harrisburg, PA 17110 (Operates nationally, including NYC) 

IC System – Multi-industry debt collection services 

Phone: (833) 665-1962 / (833) 887-6673

Address: 444 Highway 96 East, St. Paul, MN 55127 (Serves NYC clients) 

Here is the link for the rest of the collection agencies list here. 

The Growing Burden of Debt: Credit Cards and Medical Expenses 

For many New York City residents, the high cost of living leaves little room for financial flexibility. When rent, utilities, and other essential expenses consume most of a paycheck, turning to credit becomes a necessity rather than a choice. However, this reliance on borrowed money often leads to mounting debt, making financial stability even harder to achieve. 

Credit Card Debt: A Costly Financial Trap 

Credit cards serve as a financial lifeline for many individuals, covering daily expenses when cash flow is tight. However, they also come with high-interest rates that make repayment a formidable challenge. Many New Yorkers find themselves trapped in a cycle of revolving debt, where monthly payments barely cover the interest charges, preventing them from making any meaningful progress in reducing their balances. Over time, what may have started as a temporary solution turns into a long-term financial strain, leaving consumers vulnerable to collection actions. 

Medical Debt: The Hidden Crisis 

Even with health insurance, unexpected medical expenses can have devastating financial consequences. A single emergency room visit or an unforeseen medical procedure can generate bills ranging from hundreds to thousands of dollars. For those without sufficient savings, these costs can become overwhelming, forcing individuals to either defer necessary care or go into debt to pay for treatment. The burden of medical debt often lingers

for years, affecting credit scores and making it even more difficult to achieve financial security. 

The Growing Burden of Debt: Credit Cards and Medical Expenses

For many New York City residents, the high cost of living leaves little room for financial flexibility. When rent, utilities, and other essential expenses consume most of a paycheck, turning to credit becomes a necessity rather than a choice. However, this reliance on borrowed money often leads to mounting debt, making financial stability even harder to achieve. 

Credit Card Debt: A Costly Financial Trap 

Credit cards serve as a financial lifeline for many individuals, covering daily expenses when cash flow is tight. However, they also come with high-interest rates that make repayment a formidable challenge. Many New Yorkers find themselves trapped in a cycle of revolving debt, where monthly payments barely cover the interest charges, preventing them from making any meaningful progress in reducing their balances. Over time, what may have started as a temporary solution turns into a long-term financial strain, leaving consumers vulnerable to collection actions. 

Medical Debt: The Hidden Crisis 

Even with health insurance, unexpected medical expenses can have devastating financial consequences. A single emergency room visit or an unforeseen medical procedure can generate bills ranging from hundreds to thousands of dollars. For those without sufficient savings, these costs can become overwhelming, forcing individuals to either defer necessary care or go into debt to pay for treatment. The burden of medical debt often lingers

for years, affecting credit scores and making it even more difficult to achieve financial security. 

The Debt Collection Cycle: When Past-Due Bills Become a Crisis 

When individuals fall behind on credit card payments or medical bills, the consequences can escalate quickly. Many consumers may try to keep up with minimum payments, but once financial hardships arise, missing even a single payment can set off a chain reaction. 

Persistent Collection Calls and Letters 

Once an account becomes delinquent, creditors and collection agencies begin aggressive efforts to recover the outstanding balance. Frequent phone calls, letters, and even automated messages serve as constant reminders of unpaid debts. For many, these relentless collection efforts add to financial and emotional stress, making it difficult to focus on solutions. 

Long-Term Consequences of Debt in Collections 

Once a debt is sold to a collection agency, the stakes become even higher. A collection account on a credit report can significantly lower credit scores, making it more challenging to secure loans, rent an apartment, or even qualify for basic utilities without deposits. Additionally, outstanding debts in collections often lead to increased interest rates on future borrowing, further straining financial resources. In some cases, creditors may even take legal action, resulting in wage garnishments, bank account levies, or court judgments.

Breaking the Cycle: Seeking Debt Relief in New York City 

For those struggling with overwhelming debt, taking proactive steps is essential. Understanding your rights under the Fair Debt Collection Practices Act (FDCPA), exploring debt settlement options, or seeking assistance from financial professionals can help individuals regain control of their finances. While the road to financial recovery may seem daunting, addressing debt head-on can prevent further consequences and pave the way toward long-term stability. 

Understanding CBV Collection Services: Your Rights and Responsibilities 

Dealing with debt collectors can be overwhelming, especially when contacted by CBV Collection Services. Below are common questions

consumers have about CBV Collection Services and their rights when dealing with debt collection. 

Is CBV Collection Services Required to Notify Me Before Receiving My Debt? 

No. The original creditor is not obligated to inform you before selling or assigning your debt to CBV Collection Services or any other collection agency. You may first become aware of this transfer when you receive a collection notice or phone call. 

Can I Request Information About the Debt? 

Yes. If CBV Collection Services contacts you about a debt, you have the right to request validation. Within five days of their initial communication, they must provide written notice detailing the amount owed, the creditor, and instructions for disputing the debt. You can make this request by 

phone, but written communication is recommended for documentation. 

How Should I Respond If CBV Collection Services Contacts Me? 

It is essential to address any contact from CBV Collection Services rather than ignoring it. If you cannot pay the full amount, communicate in writing to negotiate possible repayment terms. If you are on a fixed income, such as Social Security or disability, inform them of your financial limitations. 

What If I Already Paid the Debt? 

If you have previously paid the debt, provide CBV Collection Services with proof, such as a receipt or bank statement. They will verify this information with the original creditor and update their records accordingly.

Can CBV Collection Services Report the Debt to Credit Bureaus? 

Yes. CBV Collection Services can report unpaid debts to major credit bureaus, including Experian, Equifax, and TransUnion. If the debt is paid or settled, they should update the status with the credit bureaus accordingly. 

Can I Pay the Original Creditor Instead of CBV Collection Services? 

You may attempt to pay the original creditor, but once an account is assigned or sold to CBV Collection Services, they control the collection process. Payments should generally be made to the agency handling the account. 

What If I Cannot Afford the Amount CBV Collection Services Is Demanding? 

Debt collectors are not required to accept partial payments. They may demand full payment or negotiate a payment plan based on their discretion. If you cannot meet their demands, try to explain your financial situation and propose an amount you can realistically afford. 

When Can CBV Collection Services Call Me? 

Debt collectors are legally allowed to contact you between 8 a.m. and 9 p.m., seven days a week. If you find their calls excessive or disruptive, you can request that they limit communication or correspond only in writing. 

Can CBV Collection Services Contact My Family or Employer?

CBV Collection Services may contact third parties, such as family members or employers, but only to obtain location or employment information. They are prohibited from discussing details of your debt with anyone other than you or your legal representative. 

Can CBV Collection Services Contact Me at My Workplace? 

Yes, but if you do not want to receive calls at work, you can request in writing that they stop. If they continue to contact you at your place of employment after receiving this request, they may be violating debt collection laws. 

Can CBV Collection Services Take Legal Action Against Me? 

Yes, CBV Collection Services has the right to sue you to recover the debt. If a lawsuit is filed and you do not respond, they may obtain a default judgment. This could lead to wage garnishment, bank account levies, or liens on personal property. If you receive a court summons, seek legal advice immediately. 

Understanding Payments to CBV Collection Services 1. Is CBV Collection Services Required to Accept My Payment? 

No. Collection agencies are not obligated to accept partial payments. They may demand the full amount owed or negotiate a payment plan at their discretion. 

Can I Make Small Monthly Payments to CBV Collection Services?

CBV Collection Services is not required to accept any monthly payment amount you choose. They typically set the terms, and small payments of $5 or $10 per month are unlikely to be accepted unless explicitly agreed upon. 

What Happens If CBV Collection Services Returns My Payment and Demands the Full Balance? 

If CBV Collection Services rejects your payment, they may be seeking a larger sum or the full balance. In such cases, try negotiating with their representatives to find a mutually acceptable repayment arrangement. 

Do I Have to Sign a Contract for a Payment Plan? 

You do not have to sign a contract, but CBV Collection Services may request one. Ensure any written agreement clearly outlines the total debt, interest rate, payment schedule, and terms before signing. 

Are Verbal Payment Agreements Legally Binding? 

Oral agreements are valid, but it is best to get payment terms in writing. If CBV Collection Services refuses to provide written confirmation, document your payment offer and send it via certified mail with a return receipt. 

What Should I Do If I Can’t Make My Scheduled Payment? 

If you anticipate missing a payment, contact CBV Collection Services as soon as possible. Communicating your situation may help you renegotiate the terms and avoid further collection actions.

Interest on Debts with CBV Collection Services 1. Can CBV Collection Services Charge Interest on My Debt? 

Yes. Collection agencies can charge interest, typically ranging from 7% to 10% annually. The amount of interest must be separately listed from the original principal debt. 

Why Can CBV Collection Services Charge Interest If the Original Creditor Didn’t? 

Debt collectors are legally allowed to charge interest, even if the original creditor did not. However, they must disclose the interest rate and basis for the charges. 

How Far Back Can CBV Collection Services Apply Interest? 

Interest is usually applied from the date they acquired the debt, though in some cases, they may apply interest from your last payment or when the original debt was incurred. They cannot retroactively add interest to amounts that already included interest from the original creditor. 

Can CBV Collection Services Add Interest All at Once Near the End of the Payment Period? 

No. While some agencies attempt this, it is unethical and potentially unlawful if they failed to disclose the interest accumulation earlier. Interest should be applied and disclosed monthly, not added as a surprise lump sum. 

Understanding your rights when dealing with CBV Collection Services is crucial. If you owe a debt, communicate in writing, request verification, and negotiate payments based on your financial situation. Always be aware of

the potential legal consequences of ignoring collection efforts. If you receive a lawsuit or collection notice, seeking legal guidance can help protect your rights and financial future. 

Take Control: How to Fight Back Against Debt Collectors 

Debt collectors rely on intimidation and consumer ignorance to collect payments—but you have the power to push back. Knowing your rights and the right strategies can stop harassment, prevent costly legal action, and put you back in control of your finances. 

MyDebtRep: The Insider Advantage You Need

At MyDebtRep, we provide expert guidance from a former debt collector with over two decades of industry experience. Our resources equip you with the knowledge and legal tools to: 

Stop Harassment – Put an end to relentless collection calls. ● Challenge Debt Legally – Demand proof and hold collectors accountable. 

Avoid Lawsuits & Wage Garnishment – Prevent aggressive legal action. 

Negotiate Favorable Settlements – Reduce or eliminate your debt strategically.

The Ultimate Debt Defense Guide 

Gain access to proven strategies used by industry insiders to protect yourself against unfair debt collection practices. “How to Stop a Collection Agency” is a comprehensive legal defense guide that reveals the methods collectors don’t want you to know. 

Take Action Now – Get the guide for only $29.95 at MyDebtRep.com and stop debt collectors in their tracks. 

Your financial future is in your hands—arm yourself with the knowledge to fight back today.

[mydebtrep-blog]

Learn More: https://mydebtrep.com/2025/03/04/why-is-cbv-collection-services-suing-me/

Why is CBV Collection Services Suing Me?

Why is CBV Collection Services Suing Me? 

CBV Collection Services may be suing you because they claim you owe a debt they are attempting to collect. The lawsuit could be on behalf of an original creditor or because CBV purchased the debt. It is important to verify the legitimacy of the claim and take appropriate action to defend yourself. 

Who is CBV Collection Services? 

CBV Collection Services is a third-party debt collection agency that collects on behalf of various creditors, including financial institutions, utility companies, and telecommunications providers. They have received numerous complaints for alleged harassment, aggressive collection tactics, and attempts to collect on expired debts. 

How Do You Fight Third-Party Debt Collectors Like CBV Collection Services? 

If you are being pursued by CBV Collection Services, consider the following steps: 

Request Debt Validation: Under the Fair Debt Collection Practices Act (FDCPA), you have the right to demand proof that the debt is

valid and legally owed. If CBV cannot validate the debt, they must cease collection efforts. 

Check for Errors: Review your credit reports and collection letters for incorrect balances, fraudulent accounts, or debts that have passed the statute of limitations. 

Assert Your Rights: If CBV harasses you, makes threats, or violates your consumer rights, file a complaint with the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), or your state’s attorney general. 

Negotiate a Settlement: If the debt is legitimate, you can negotiate a reduced settlement or payment plan. Always get agreements in writing before making any payments. 

Hire an Attorney: If you are being sued by CBV, consult a consumer rights attorney to explore your legal options, including filing a counterclaim if CBV has violated debt collection laws. 

Do I Have to Pay CBV Collection Services? 

Not necessarily. Whether you are legally required to pay depends on several factors: 

If the debt is valid and within the statute of limitations, you may be obligated to pay, but you can negotiate a lower settlement. ● If the debt is past the statute of limitations, CBV cannot legally sue you. Be cautious not to acknowledge or make payments on an old debt, as this may restart the legal timeframe for collections. ● If the debt is not yours or has errors, you have the right to dispute it. CBV must provide proof before continuing collection efforts. 

What to Do If CBV Collection Services Sues You 

Step 1: Verify the Lawsuit and Debt

Check the Court Summons: Review the lawsuit details, including the creditor’s name, amount claimed, and court jurisdiction. ● Request Debt Validation: Demand proof that CBV legally owns the debt and has the right to collect. 

Check the Statute of Limitations: If the debt is too old, you may have grounds for dismissal. 

Step 2: Respond to the Lawsuit 

Ignoring a lawsuit can result in a default judgment against you. File a written response within the deadline (usually 20-30 days). In your response, you can: 

Dispute incorrect information. 

Demand CBV provides valid documentation proving their right to sue. ● Raise legal defenses, such as the debt being past the statute of limitations. 

Step 3: Explore Your Legal Defenses 

Possible defenses against CBV Collection Services include: 

Lack of Proof: CBV must provide proper documentation to justify the lawsuit. 

Expired Statute of Limitations: If the debt is too old, CBV cannot legally sue. 

Improper Service: If you were not properly notified of the lawsuit, you may seek dismissal. 

Debt Settlement: If you wish to resolve the issue outside of court, you can negotiate a payment plan. 

Step 4: Know Your Rights Under the FDCPA 

Debt collectors like CBV Collection Services cannot: 

�� Harass or threaten you. 

�� Misrepresent the amount owed.

�� Call before 8 AM or after 9 PM without consent. 

�� Contact your employer or family about the debt. 

Who Does CBV Collection Services Collect For? 

CBV Collection Services collects on behalf of various industries, including banks, credit card companies, telecom providers, and utility companies. They also purchase old debts from creditors, sometimes attempting to collect on accounts that are past the statute of limitations. 

Is CBV Collection Services a Legitimate Company? 

Yes, CBV Collection Services is a real company, but they have a history of complaints regarding aggressive debt collection practices. Many consumers have reported: 

Repeated phone calls, even after requesting to stop. 

Attempts to collect on debts that are past the statute of limitations. ● Refusal to provide written documentation or proof of debt. ● Contacting consumers’ workplaces and family members. 

If CBV is contacting you, verify the legitimacy of the debt before making any payments. 

Contact Information for CBV Collection Services 

If you need to reach CBV Collection Services, use the contact details below: 

�� Headquarters:20 4664 Lougheed Hwy Burnaby, BC V5C 5T5

�� Phone Number: 1-888-311-1121 

�� Email:inquiries@cbvcollections.com 

�� Website: https://www.cbvcollections.com/ 

�� Tip: Always communicate in writing and request debt validation before making any payments. This ensures you have documentation in case of disputes. 

CBV Collection Services: A History of Complaints and Consumer Concerns 

CBV Collection Services has been the subject of significant consumer complaints and disputes, as evidenced by the Better Business Bureau (BBB) and other consumer protection platforms. With a total of 267 complaints filed in the last three years, this debt collection agency has been accused of harassment, unethical collection practices, and failure to adhere to fair debt collection laws. Below is an in-depth examination of the complaints, CBV’s history, and its compliance issues. 

Common Consumer Complaints Against CBV Collection Services 1. Harassment and Repeated Unwanted Calls 

Numerous consumers report being subjected to relentless phone calls from CBV Collection Services, often multiple times per day. Some complaints include: 

Receiving repeated automated calls for individuals who do not reside at the phone number provided. 

Calls being made to business numbers, disrupting operations. ● Calls continued even after debt verification requests or cease-and-desist notices were issued.

Elderly consumers, some in their 80s, being harassed over debts they do not owe. 

Example Complaint: “I have repeatedly received calls for a person they want to collect from named **** *********. CBV has the wrong phone number, and even after telling them this, I still continue to get daily automated calls. We are seniors both in our 80s who do not need this harassment.” 

Attempting to Collect on Expired or Nonexistent Debts 

Several consumers have accused CBV of attempting to collect on debts that are beyond the statute of limitations, meaning they are no longer legally enforceable. Other complaints involve CBV attempting to collect on debts that consumers claim they never owed. 

Example Complaint: “CBV keeps harassing me on a daily basis, trying to collect a 2015 credit card debt that they recently purchased. This debt is past the statute of limitations and was already removed from my Equifax credit report years ago.” 

Lack of Debt Verification and Transparency 

Many consumers state that CBV refuses to provide proper documentation of the alleged debts they are attempting to collect. Some also claim that CBV fails to send written verification of debts, a violation of the Fair Debt Collection Practices Act (FDCPA). 

Example Complaint: “I have asked numerous times for an acknowledgment email of the monthly payment plan put in place. They refuse to send me anything and just make excuses.” 

Threatening Language and Unprofessional Conduct

Some complaints describe CBV agents using aggressive or misleading tactics, including threats of legal action that may not be enforceable. 

Example Complaint: “CBV representatives have threatened me and my family with legal action if I don’t make a payment immediately, even though I have never received documentation proving I owe this debt.” 

Using Deceptive and Unethical Collection Practices 

Changing caller ID numbers to avoid being blocked. ● Failing to identify themselves as debt collectors. 

Sending misleading letters with legal threats. 

Refusing to honor previously agreed-upon payment arrangements. 

CBV Collection Services Legal History 

CBV Collection Services has faced regulatory scrutiny for potential violations of consumer protection laws, including: 

Violations of the Fair Debt Collection Practices Act (FDCPA) – Harassment, failure to provide written debt validation, and using deceptive tactics. 

Violations of the Telephone Consumer Protection Act (TCPA) – Robocalling and contacting individuals without consent. 

Possible violations of state and provincial consumer protection laws in both the U.S. and Canada. 

Why Do CBV Collection Services Have So Many Complaints?

The volume of complaints against CBV Collection Services can be attributed to several factors: 

Aggressive Debt Collection Tactics: CBV has a history of persistent and often intrusive contact methods, leading to allegations of harassment. 

Failure to Properly Validate Debts: Many consumers claim they are being pursued for debts they do not owe or that are legally unenforceable. 

Use of Robocalls and Automated Messaging: Frequent complaints indicate that CBV uses robocalls excessively, leading to a high number of consumer grievances. 

Lack of Transparency and Documentation: Customers repeatedly report that CBV refuses to provide written verification of debt or confirm payment arrangements in writing. 

Attempts to Collect on Time-Barred Debts: Consumers allege that CBV attempts to collect debts that have passed the statute of limitations, which may be considered an unfair practice. 

Should You Be Concerned About CBV Collection Services? 

If you are being contacted by CBV Collection Services, it is essential to know your rights and take appropriate steps to protect yourself: 

Request written verification of any debt they claim you owe. ● Understand the statute of limitations on debts in your state. ● Send a cease-and-desist letter if you are experiencing harassment. ● Report violations to the Consumer Financial Protection Bureau (CFPB), BBB, or your state attorney general’s office. 

CBV Collection Services’ track record of complaints and alleged violations suggest that consumers should approach any interactions with them cautiously and demand proper documentation before making payments.

If you believe CBV Collection Services is violating your rights, seek legal advice or contact a debt relief expert like MyDebtRep to explore your options.

The Cost of Living in New York City: Financial Pressures and Debt Challenges

New York City is a global economic hub known for its opportunities, culture, and fast-paced lifestyle. However, it is also one of the most expensive cities in the United States. The high cost of living—particularly in housing, utilities, and essential services—combined with rising consumer debt, places immense financial pressure on residents. 

Housing Costs: The Largest Financial Burden 

Housing is the most significant expense for New Yorkers. The average monthly rent in the city is approximately $4,641, while the median home price stands at $1,701,818 (RentCafe). These costs consume a substantial portion of household income, leaving little room for savings or unexpected financial emergencies. 

Impacts on Household Budgets 

With housing costs consuming a large percentage of income, many New Yorkers struggle to cover other essential expenses. Households must often make difficult financial decisions, such as cutting back on discretionary spending, delaying major purchases, or taking on additional debt. Even small financial disruptions—such as a medical bill, job loss, or unexpected home repair—can quickly lead to financial instability.

For renters, affordability remains a major concern. To avoid spending more than 30% of income on rent, a household would need to earn at least $91,480 annually. However, the median household income in the city is $76,607, meaning many residents already live above the recommended threshold for housing expenses (SoFi). As a result, saving for emergencies, retirement, or homeownership becomes increasingly difficult. 

Utilities and Essential Living Expenses 

Beyond housing, New Yorkers face additional recurring expenses that further strain household budgets: 

Utilities: Monthly expenses for electricity, water, gas, and internet average $410 (SoFi). 

Transportation: A 30-day unlimited MetroCard for public transit costs $132, totaling $1,584 annually. 

Groceries & Healthcare: Food costs in New York City are approximately 12% higher than the national average, while medical expenses continue to rise, placing additional burdens on low- and middle-income households. 

Average Salary in New York City 

As of 2025, the median salary in New York City is $73,950 per year, with most salaries ranging between $34,451 and $169,650. These figures vary significantly based on industry, experience, and education level. 

Debt Burden in New York City 

The financial strain of high living costs has led to increased consumer debt. As of Q2 2024, 12.2% of New Yorkers with credit card accounts were more than 90 days delinquent on at least one account (NYC Comptroller).

Many residents also struggle with medical debt, payday loans, and high-interest credit cards, making it difficult to break free from debt cycles. 

New York City’s high cost of living presents significant financial challenges for residents, often forcing them to live paycheck to paycheck. With rent, utilities, and essential services consuming the majority of household budgets, many individuals find it difficult to save for the future or manage unexpected expenses. Understanding these financial pressures is crucial for making informed decisions and exploring debt relief strategies to achieve long-term economic stability. 

If you’re facing persistent collection notices and calls, it’s essential to address the situation before it escalates. Has your debt been assigned to any of these collection agencies? 

CBV Collection Services 

Phone: 1-888-311-1121 

Address: 20 4664 Lougheed Hwy Burnaby, BC V5C 5T5 

Other Debt Collectors in the Area 

RTR Financial Services Inc. – Medical and commercial debt collection 

Phone: (718) 668-2881 / (855) 399-4787 

Address: 2 Teleport Dr Suite 302, Staten Island, NY 10311 Penn Credit Corporation – Government and utility debt collection 

Phone: (800) 900-1361 / (800) 900-1380 / (800) 900-1393 ● Address: 2800 Commerce Dr, Harrisburg, PA 17110 (Operates nationally, including NYC) 

IC System – Multi-industry debt collection services 

Phone: (833) 665-1962 / (833) 887-6673

Address: 444 Highway 96 East, St. Paul, MN 55127 (Serves NYC clients) 

Here is the link for the rest of the collection agencies list here. 

The Growing Burden of Debt: Credit Cards and Medical Expenses 

For many New York City residents, the high cost of living leaves little room for financial flexibility. When rent, utilities, and other essential expenses consume most of a paycheck, turning to credit becomes a necessity rather than a choice. However, this reliance on borrowed money often leads to mounting debt, making financial stability even harder to achieve. 

Credit Card Debt: A Costly Financial Trap 

Credit cards serve as a financial lifeline for many individuals, covering daily expenses when cash flow is tight. However, they also come with high-interest rates that make repayment a formidable challenge. Many New Yorkers find themselves trapped in a cycle of revolving debt, where monthly payments barely cover the interest charges, preventing them from making any meaningful progress in reducing their balances. Over time, what may have started as a temporary solution turns into a long-term financial strain, leaving consumers vulnerable to collection actions. 

Medical Debt: The Hidden Crisis 

Even with health insurance, unexpected medical expenses can have devastating financial consequences. A single emergency room visit or an unforeseen medical procedure can generate bills ranging from hundreds to thousands of dollars. For those without sufficient savings, these costs can become overwhelming, forcing individuals to either defer necessary care or go into debt to pay for treatment. The burden of medical debt often lingers

for years, affecting credit scores and making it even more difficult to achieve financial security. 

The Growing Burden of Debt: Credit Cards and Medical Expenses

For many New York City residents, the high cost of living leaves little room for financial flexibility. When rent, utilities, and other essential expenses consume most of a paycheck, turning to credit becomes a necessity rather than a choice. However, this reliance on borrowed money often leads to mounting debt, making financial stability even harder to achieve. 

Credit Card Debt: A Costly Financial Trap 

Credit cards serve as a financial lifeline for many individuals, covering daily expenses when cash flow is tight. However, they also come with high-interest rates that make repayment a formidable challenge. Many New Yorkers find themselves trapped in a cycle of revolving debt, where monthly payments barely cover the interest charges, preventing them from making any meaningful progress in reducing their balances. Over time, what may have started as a temporary solution turns into a long-term financial strain, leaving consumers vulnerable to collection actions. 

Medical Debt: The Hidden Crisis 

Even with health insurance, unexpected medical expenses can have devastating financial consequences. A single emergency room visit or an unforeseen medical procedure can generate bills ranging from hundreds to thousands of dollars. For those without sufficient savings, these costs can become overwhelming, forcing individuals to either defer necessary care or go into debt to pay for treatment. The burden of medical debt often lingers

for years, affecting credit scores and making it even more difficult to achieve financial security. 

The Debt Collection Cycle: When Past-Due Bills Become a Crisis 

When individuals fall behind on credit card payments or medical bills, the consequences can escalate quickly. Many consumers may try to keep up with minimum payments, but once financial hardships arise, missing even a single payment can set off a chain reaction. 

Persistent Collection Calls and Letters 

Once an account becomes delinquent, creditors and collection agencies begin aggressive efforts to recover the outstanding balance. Frequent phone calls, letters, and even automated messages serve as constant reminders of unpaid debts. For many, these relentless collection efforts add to financial and emotional stress, making it difficult to focus on solutions. 

Long-Term Consequences of Debt in Collections 

Once a debt is sold to a collection agency, the stakes become even higher. A collection account on a credit report can significantly lower credit scores, making it more challenging to secure loans, rent an apartment, or even qualify for basic utilities without deposits. Additionally, outstanding debts in collections often lead to increased interest rates on future borrowing, further straining financial resources. In some cases, creditors may even take legal action, resulting in wage garnishments, bank account levies, or court judgments.

Breaking the Cycle: Seeking Debt Relief in New York City 

For those struggling with overwhelming debt, taking proactive steps is essential. Understanding your rights under the Fair Debt Collection Practices Act (FDCPA), exploring debt settlement options, or seeking assistance from financial professionals can help individuals regain control of their finances. While the road to financial recovery may seem daunting, addressing debt head-on can prevent further consequences and pave the way toward long-term stability. 

Understanding CBV Collection Services: Your Rights and Responsibilities 

Dealing with debt collectors can be overwhelming, especially when contacted by CBV Collection Services. Below are common questions

consumers have about CBV Collection Services and their rights when dealing with debt collection. 

Is CBV Collection Services Required to Notify Me Before Receiving My Debt? 

No. The original creditor is not obligated to inform you before selling or assigning your debt to CBV Collection Services or any other collection agency. You may first become aware of this transfer when you receive a collection notice or phone call. 

Can I Request Information About the Debt? 

Yes. If CBV Collection Services contacts you about a debt, you have the right to request validation. Within five days of their initial communication, they must provide written notice detailing the amount owed, the creditor, and instructions for disputing the debt. You can make this request by 

phone, but written communication is recommended for documentation. 

How Should I Respond If CBV Collection Services Contacts Me? 

It is essential to address any contact from CBV Collection Services rather than ignoring it. If you cannot pay the full amount, communicate in writing to negotiate possible repayment terms. If you are on a fixed income, such as Social Security or disability, inform them of your financial limitations. 

What If I Already Paid the Debt? 

If you have previously paid the debt, provide CBV Collection Services with proof, such as a receipt or bank statement. They will verify this information with the original creditor and update their records accordingly.

Can CBV Collection Services Report the Debt to Credit Bureaus? 

Yes. CBV Collection Services can report unpaid debts to major credit bureaus, including Experian, Equifax, and TransUnion. If the debt is paid or settled, they should update the status with the credit bureaus accordingly. 

Can I Pay the Original Creditor Instead of CBV Collection Services? 

You may attempt to pay the original creditor, but once an account is assigned or sold to CBV Collection Services, they control the collection process. Payments should generally be made to the agency handling the account. 

What If I Cannot Afford the Amount CBV Collection Services Is Demanding? 

Debt collectors are not required to accept partial payments. They may demand full payment or negotiate a payment plan based on their discretion. If you cannot meet their demands, try to explain your financial situation and propose an amount you can realistically afford. 

When Can CBV Collection Services Call Me? 

Debt collectors are legally allowed to contact you between 8 a.m. and 9 p.m., seven days a week. If you find their calls excessive or disruptive, you can request that they limit communication or correspond only in writing. 

Can CBV Collection Services Contact My Family or Employer?

CBV Collection Services may contact third parties, such as family members or employers, but only to obtain location or employment information. They are prohibited from discussing details of your debt with anyone other than you or your legal representative. 

Can CBV Collection Services Contact Me at My Workplace? 

Yes, but if you do not want to receive calls at work, you can request in writing that they stop. If they continue to contact you at your place of employment after receiving this request, they may be violating debt collection laws. 

Can CBV Collection Services Take Legal Action Against Me? 

Yes, CBV Collection Services has the right to sue you to recover the debt. If a lawsuit is filed and you do not respond, they may obtain a default judgment. This could lead to wage garnishment, bank account levies, or liens on personal property. If you receive a court summons, seek legal advice immediately. 

Understanding Payments to CBV Collection Services 1. Is CBV Collection Services Required to Accept My Payment? 

No. Collection agencies are not obligated to accept partial payments. They may demand the full amount owed or negotiate a payment plan at their discretion. 

Can I Make Small Monthly Payments to CBV Collection Services?

CBV Collection Services is not required to accept any monthly payment amount you choose. They typically set the terms, and small payments of $5 or $10 per month are unlikely to be accepted unless explicitly agreed upon. 

What Happens If CBV Collection Services Returns My Payment and Demands the Full Balance? 

If CBV Collection Services rejects your payment, they may be seeking a larger sum or the full balance. In such cases, try negotiating with their representatives to find a mutually acceptable repayment arrangement. 

Do I Have to Sign a Contract for a Payment Plan? 

You do not have to sign a contract, but CBV Collection Services may request one. Ensure any written agreement clearly outlines the total debt, interest rate, payment schedule, and terms before signing. 

Are Verbal Payment Agreements Legally Binding? 

Oral agreements are valid, but it is best to get payment terms in writing. If CBV Collection Services refuses to provide written confirmation, document your payment offer and send it via certified mail with a return receipt. 

What Should I Do If I Can’t Make My Scheduled Payment? 

If you anticipate missing a payment, contact CBV Collection Services as soon as possible. Communicating your situation may help you renegotiate the terms and avoid further collection actions.

Interest on Debts with CBV Collection Services 1. Can CBV Collection Services Charge Interest on My Debt? 

Yes. Collection agencies can charge interest, typically ranging from 7% to 10% annually. The amount of interest must be separately listed from the original principal debt. 

Why Can CBV Collection Services Charge Interest If the Original Creditor Didn’t? 

Debt collectors are legally allowed to charge interest, even if the original creditor did not. However, they must disclose the interest rate and basis for the charges. 

How Far Back Can CBV Collection Services Apply Interest? 

Interest is usually applied from the date they acquired the debt, though in some cases, they may apply interest from your last payment or when the original debt was incurred. They cannot retroactively add interest to amounts that already included interest from the original creditor. 

Can CBV Collection Services Add Interest All at Once Near the End of the Payment Period? 

No. While some agencies attempt this, it is unethical and potentially unlawful if they failed to disclose the interest accumulation earlier. Interest should be applied and disclosed monthly, not added as a surprise lump sum. 

Understanding your rights when dealing with CBV Collection Services is crucial. If you owe a debt, communicate in writing, request verification, and negotiate payments based on your financial situation. Always be aware of

the potential legal consequences of ignoring collection efforts. If you receive a lawsuit or collection notice, seeking legal guidance can help protect your rights and financial future. 

Take Control: How to Fight Back Against Debt Collectors 

Debt collectors rely on intimidation and consumer ignorance to collect payments—but you have the power to push back. Knowing your rights and the right strategies can stop harassment, prevent costly legal action, and put you back in control of your finances. 

MyDebtRep: The Insider Advantage You Need

At MyDebtRep, we provide expert guidance from a former debt collector with over two decades of industry experience. Our resources equip you with the knowledge and legal tools to: 

Stop Harassment – Put an end to relentless collection calls. ● Challenge Debt Legally – Demand proof and hold collectors accountable. 

Avoid Lawsuits & Wage Garnishment – Prevent aggressive legal action. 

Negotiate Favorable Settlements – Reduce or eliminate your debt strategically.

The Ultimate Debt Defense Guide 

Gain access to proven strategies used by industry insiders to protect yourself against unfair debt collection practices. “How to Stop a Collection Agency” is a comprehensive legal defense guide that reveals the methods collectors don’t want you to know. 

Take Action Now – Get the guide for only $29.95 at MyDebtRep.com and stop debt collectors in their tracks. 

Your financial future is in your hands—arm yourself with the knowledge to fight back today.