Saturday, March 29, 2014

Business News

Chilliwack Con Job

Consumer Protection Branch shuts down local company, seeking victims

Released by CPB, Vancouver/Google Images

 

Options Credit Services operated from the upper floor of this Tyson Rd. complex.

 

ollowing an investigation into a licensed Chilliwack, BC-based debt pooler, Consumer Protection BC is requesting all consumers financially impacted by the business practices of Options Credit Services Canada Ltd. to come forward.

Evidence gathered through the investigation into Options Credit Services Canada Ltd. led Consumer Protection BC to freeze the business’ bank accounts and suspend its licence in December of 2013. Consumer Protection BC is further announcing today that Options Credit Services Canada Ltd.’s debt pooling licence has been cancelled after the business was found to have breached several sections of the Business Practices and Consumer Protection Act and the Debt Collection Industry Regulation.

“This has been a complex investigation from the start, involving a number of consumers and a variety of financial transactions. We are very concerned about the financial impact that may be felt by consumers as a result of this company’s business practices,” says Tayt Winnitoy, Vice President of Operations at Consumer Protection BC. “We will make every effort to help consumers receive whatever refunds are possible.”

Consumers financially impacted by the business practices of Options Credit Services Canada Ltd. or its owner Don Antle are asked to fill out the Consumer Protection BC “Debt Pooling Claim Form” online or contact the inquiry unit by e-mail here. if they have further questions about the claim form.

A backgrounder on debt pooling in BC, as well as other tips, information and a list of BC-licensed debt poolers, can be found on Consumer Protection BC’s online portal at www.debtrightsbc.ca. All recent Consumer Protection BC enforcement actions are also published on Consumer Protection BC’s corporate website, www.consumerprotectionbc.ca.

About Consumer Protection BC
Consumer Protection BC is a not-for-profit corporation whose vision is confident consumers and trusted businesses in a thriving marketplace. We enforce consumer protection laws and strengthen consumer protection in BC by licensing and inspecting specific industries, responding to consumer questions, investigating alleged violations of consumer protection laws and educating consumers and businesses about their rights and responsibilities. For more information about our organization, please visit our corporate website at www.consumerprotectionbc.ca. You can also follow Consumer Protection BC on Twitter @ConsumerProBC, like us on Facebook and read our blog for valuable consumer tips and resources.

 

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