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sparks View Drop Down

Joined: 01/March/2007
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote sparks Quote  Post ReplyReply Direct Link To This Post Topic: A magic new loan
    Posted: 01/March/2007 at 7:50pm
I would love some help with this problem. I had a student loan with RBC in 1999 and it was paid off in 2002. Now, two days ago, I get a letter from a collection agency saying that my loan is in default. It doesn't make sense to me because the loan was paid for. Also, I did my credit report about 5 months ago and it states that my student loan has been closed and I have no outstanding debt. Now this letter comes and states that I have an outstanding loan that is nothing close to my orginal loan which I paid off. 
I can't get any help from RBC student loan. I think its an admin mistake and no one wants to help me.
Does anyone have any tips on deal with this new magical loan.
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Johnny View Drop Down
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Joined: 05/November/2003
Location: Canada
Points: 5952
Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 03/March/2007 at 8:06am
If it is a Ryal Bank student loan and you do not owe it, simply issue a requst for information to RBC. Or, call them and have them explain. Tell them that you paid your RBC student loan(s) in 2002, and you want this corrected.

Who is the agency communicating with you? Are you sure this is not a fedeal guaranteed portion?

Need more input from you to give you any solid ideas as to how to go about resolving this.

Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.
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Pissed off View Drop Down

Joined: 02/October/2008
Location: Toronto, ON
Points: 10
Post Options Post Options   Thanks (0) Thanks(0)   Quote Pissed off Quote  Post ReplyReply Direct Link To This Post Posted: 30/December/2009 at 9:26am
Hello to both,
Johny,  this is my story with the Bank of Nova Scotia.
I had no proof before this year (2009) and, at this point, only the feds have documents too rare to my taste but enough to prove my loans were paid in full.
I have been so stressed with this that, for a while, I tought I did have some unpaid loans left.  Not so.  I studied from May 1987 to April 1994.  I started paying my loans in 1988 from monthly deductions from my bank account and lump sums with the province's award directly deposited against my CSL account and a car accident settlement.
The car accident had to be clarify through Discovery on September 30, 2009 and, luckily, the Insurance Coorporation of BC (ICBC) still had some details on thier computer from an accident back in 1987, paid in 1989 or 1990 for $10,500.  Therefore, my loans were paid in full before the end of April 1994.
If you recall from my (Pissed Off) postings, I filed a lawsuit against several Fed. Ministries for violation of several laws and, because of the defense lawyer countersuit and the documens given me on July 27, 2009, and more, like ICBC on October 2009 and proof of my last name!, I attempted to amend my initial cause.   But, so long after the end of my studies, I am lucky to have these rare documents because no one has documents on my loans anymore.  Even in 2000, the Loan department had nothing on me.
Needless to say, the bank did claim a payment for defaulted CSL and only a single page from their ledger contains some, enough information to give a foggy picture, well clear for me but not to the defendants who cannot explain why that page would show a "new loan", same amount, as per November 1994.
So, I am not suprised.  However, I am happy I am not the only person in this situation and that you, my dear, can get the documents and any information you need to clarify your situation.
Good luck to you.
Has a class action been started? Where? How can I join?
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