This is a company that everyone should be aware of, just recently Cutter Recovery was bought out by McRae Arcand Foote & Associates.
They are taking money out of peoples accounts illegaly due to the fact that they are running a company without a business licence as well as not having collectors licences.
This company can not continue to do this to debotrs that owe money to they places that they borrow from, there are rules and regulations set out in every province that all businesses have to follow and they are breaking them all and on top of it all they think that they are above abiding by the laws that the government has set out.
There is a number that you can call should you not believe these facts that I'm stating here one being the Alberta Government Consumer Services Branch 780-422-1335 or toll free 1-877-427-4088. These are the people that will let you know if in fact McRae Arcand Foote & Associates have a business licence.
Nor do they have a collectors licence for the business, there for how can they go into your account with out your knowladge first and notify you of whats going on and just take funds.
As a consumer make yourself aware of everything that you sign and watch you accounts, this company need to be stoped by someone we all go though tough times and need a bit of help at times but to have this kind of fraudulat activity continue is a discrase to us as consumers and hopefuly one day the govenment will step in and put a stop to it.
The way that they are operating this so called business is not the way that all collection agencies work, there are collection companies out there that are ligit and play by the rules.
They took me for a fool and my money but if you are savy enough to check places like these out you can get your money back, speak with your bank as well as the Alberta Government.
Surrey, British Columbia