Description

In this episode of the I Love Cambridge Podcast, our guest is Mark Silverthorn. He is a nationally recognized debt expert in Canada. For twelve years, he worked as a collection lawyer at four of Canada's most extensive collection agencies. Following that, he switched sides and spent eight years assisting consumers in saving thousands of dollars and eliminating their debt. Today, Mark guides how and why people should refer to a professional concerning debt issues.

Standout Quotes:

• "I understand how businesses work. As a result, if I'm representing a consumer and dealing with a collector at a collection agency, I have a huge advantage." [Mark]
• "I do think that we could do things to make a place more attractive for people to come to spend time." [Mark]

Key Takeaways:

• There is a broad range of potential options that people have when they have debt problems.
• If someone is concerned that they're going to be sued, they should call a consumer lawyer first.
• When the statute of limitations expires, that gives the consumer the right to raise a defense.

Episode Timeline:

[00:15] Meet today's guest "Mark Silverthorn," Former Consumer Lawyer

[1:06] How do you help people in terms of consumer debt?

[1:50] Would they contact you first, rather than a trustee? Or do you come in later?

[3:47] Recent case of publicity

[5:03] How long does somebody have to collect a debt?

[7:08] What is the subject of your book?

[8:31] What's the difference between a legal collection agency and an illegal collection agency?

[9:42] How long were they actually in business?

[11:11] What did you love about Cambridge?

[12:30] What would be the first step if somebody was actually in a jam and they wanted to reach out to you?

[15:12] If you had a magic wand, what would you change about Cambridge?

Learn more about Mark Silverthorn and the Debt Coach Silverthorn at:

Website: https://www.debtcoachsilverthorn.ca/

LinkedIn: https://www.linkedin.com/in/marksilverthorn/

Direct Line: (519) 987-3270