Edited, sorry it's way to early
the CA's always state that there is only one week for this offer - I bet that this account is past the statute of limitations for your province, or they wouldn't be offering to settle for 78% less than you owe.
I wouldn't worry about the delay going on with getting your reports.
check to see if this Collection agency is licensed in your province at your provinces' web site
there is a pinned topic with links to each provinces' web sites that will answer your questions for statute of limitations issues and Canadian credit reporting limits
it's all 6 year SOL for legal action unless you live in
◦Quebec – Civil Code of Quebec, S.Q. 1991, c. 64, art. 2925. sets 3 years as the limit for debt.
◦Saskatchewan – Limitations Act, S.S. 2004, c. L-16.1. sets 2 years as the limit for debt.
it takes 4 weeks to come in the mail? where do you live?
a debit card would work online with the CRA's , do you have one of those?
in Canada, you can get a free annual report from EQ and TU.
Also, read this for collection laws in Canada - I'm a state forum lead , but mostly know the USA laws.
looks like in Alberta and Ontario they can't sue you after 2 years of last payment.
I'm in BC.
I can't order the online report from equifax or trans without a credit card under my name, the free one is going to take time to come.
If it's past the statue of limitations, can they still report it to my credit score?
It's not the amount I'm worried about because I can pay it, it's having the black mark on my score restart for another 6 years is what Im worried about.
If it's past the 6 year time frame, isn't it illegal for them to pursue me?
Should I even phone them and ask for a extension as I try and get my credit report to check the dates, or by doing so am I acknowledging the debt?