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Question regarding the non-city issued parking tickets (pg. 2)
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| Desp |
| quote: | Originally posted by Funkyfun
if this is true..it's the best news i have heard today so far...But i have heard otherwise too...Maybe Jay can fill us in on this one ..LOL |
well bad credit line -means = you ed up with ur bank and ur not reliable person who can pay up his phone/cable/rent etc when those companies do checking.
why there is 7 years rule? because in 7 years banks are automaticly reset your credit line ,unless you took more then 250k wich they will hire someone (police) to find you. |
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| MarkT |
| quote: | Originally posted by Desp
well bad credit line -means = you ed up with ur bank and ur not reliable person who can pay up his phone/cable/rent etc when those companies do checking.
why there is 7 years rule? because in 7 years banks are automaticly reset your credit line ,unless you took more then 250k wich they will hire someone (police) to find you. |
dude, no.
I work for a bank...I pull bureaus every day.
your credit bureau has nothing to do with banks. banks are the primary people who lend money so naturally they are most involved, but the credit bureaus are separate organizations.
nothing is "reset"...7 years is just the expiry time if no activity occurs on a particular account, including collections and bankruptcies.
"bad credit" can mean a lot of things...you can never have missed a payment in your life...but two collections on your bureau from a two company will significantly your credit rating. |
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| Desp |
| quote: | Originally posted by MarkT
Any collection agency can post a collection to your bureau and it immediately affects your credit rating...hell, you may never even know. If it's an "unjust" collection posted, there is a resolution process with each credit bureau. I know for a fact that private tow companies can, and will, send their upaid accounts to collection agencies who in turn will post to the bureaus. |
your right but only for a part.
the deal is - they don't know your SIN number if they gave you a parking ticket.
and they cant call up ministry of transportation to get it because - its a law now that parking companies cannot issue tickets. |
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| Desp |
| quote: | Originally posted by MarkT
dude, no.
I work for a bank...I pull bureaus every day.
your credit bureau has nothing to do with banks. banks are the primary people who lend money so naturally they are most involved, but the credit bureaus are separate organizations.
nothing is "reset"...7 years is just the expiry time if no activity occurs on a particular account, including collections and bankruptcies. |
thx for information |
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| MarkT |
| quote: | Originally posted by Desp
your right but only for a part.
the deal is - they don't know your SIN number if they gave you a parking ticket.
and they cant call up ministry of transportation to get it because - its a law now that parking companies cannot issue tickets. |
you don't need a SIN to post to, or even check, a bureau report.
in fact, by law, you don't *have* to give out your SIN to pretty much anyone other than employers, as far as I know. |
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| Desp |
| in the end : nothing will happen if he doesnt pay up his ticket ,thats all. |
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| MarkT |
perhaps...unless that company has the option to send their tickets to a collection agency (and I honestly don't know if they can...and if they can...whether they actually do or not).
If it goes to collections, and isn't paid, the agency can post it to his bureau and it will negatively affect his credit rating for up to 7 years...maybe that's not an issue for him (it wasn't for me...i have two tow collections still sitting on mine for 1-2 more years, lol...I basically told them to off too).
ie. you may be right. I'd recommend that he finds out whether they do send tickets to an agency that can post to the bureau. If not, you're right... it, rip that up :D |
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| Crazy Serb |
the company is IMPARK (you guys should know who they are), and I've done some researching... it turns out that they send the unpaid tickets to a collections agency that is in some way affiliated with them as well, but that's where it ends. they will bug your ass for a while for that, but they don't have the right to post anything on your credit rating.
In fact, there was a legal suit a while ago regarding this... apparently, a person who got a call from a collections agency got told that if they decide not to pay the outstanding charge this will get reported to the credit rating buerau and it will affect their credit rating. The person then took them to court for saying that and judge rulled that the collections agency was making a false statement there (since they had no way of affecting the person's credit rating).
So, park on, baby! |
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| TDG |
That means all you guys with Cars that want to hit the Bamboo on a thursday night can park under the Radisson for free!
I work at the 'Boo and I've got a nice stack of "tickets" from the Radisson which I have no intention of paying... Although, if they have the power to do that thing with the credit bureau, that doesn't sound cool. My plate is under my father's name... :nervous: |
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| che |
| There was a huge article about this in the Star this summer. Bottom line is, don't pay any private company parking tickets. Some of them try to make the tickets look like City of Toronto tickets so beware... |
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| Crazy Serb |
| quote: | Originally posted by che
There was a huge article about this in the Star this summer. Bottom line is, don't pay any private company parking tickets. Some of them try to make the tickets look like City of Toronto tickets so beware... |
can you find it, by any chance? |
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| DigiNut |
Go figure that the Star would print an article like that - yay, to hell with companies' private property rights! Park wherever you want! :rolleyes:
FYI, they can't enforce a fine like the city can, but if you're flagrant about it (like parking there every day or every week), they CAN sue you for trespassing, and they WILL win. I'm also quite certain that they are allowed to tow your car at YOUR expense as long as there is a visible sign stating that this will happen. Think about it - obviously you can have a car towed at the owner's expense if they're on your property. What if someone you didn't know parked on your driveway and blocked you from getting out of your garage? You think they'd get off scot free? Not unless you're a spineless fool.
The people that tell you not to pay it are talking about tickets/fines you get *one time* - if you make a habit of it, you're playing a whole different ball game. You're especially going to get into LOTS of trouble if many different lots use the same collections agency and you keep getting flagged, because the collections agency doesn't even care what you owe money for, they just care that you owe them money (and if you're always parking illegally, it will be lots of money).
The difference between parking illegally in a public lot and private lot is that the public lot constitutes a summary offense and the private lot is a civil liability. The difference between a summary offense and a civil liability is that the "victim" has to sue for damages in the latter case. So the company that runs the parking lot may not sue you, but the collections company might, in which case you'd be required to pay ALL outstanding fines, and I'm not sure about this, but it *could* possibly be applied to your credit retroactively if the fines are upheld and the court sees you as being a nuisance. That's not likely even if it's possible, but you're still going to be stuck with having to pay 30 outstanding parking tickets all at once.
I hate paying for parking as much as the next guy, but have some friggin' respect for other people's property! |
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