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countrygirl2094 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote countrygirl2094 Quote  Post ReplyReply Direct Link To This Post Posted: 13/December/2005 at 4:05pm

No additional interest should be charged, and if they do, I'd refuse to pay it, because it's not our fault they decided to pull our accounts from CBCL, and it's not our fault we have to sit and wait for the new collection agency to contact us.  

I agree as far as not being able to afford a bunch of checks cashed at once.   It's christmas for pete's sake! 

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praj View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote praj Quote  Post ReplyReply Direct Link To This Post Posted: 28/February/2006 at 5:58pm
Was Collectcorp CBCL, or were they bought out by CBCL, in name or corporately. I was dealing with Collectcorp, but now have a letter from CBCL! WTF? This is frustrating. Are they as bad or worse then Collectcorp, or are they the same except for name?
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 28/February/2006 at 7:05pm

Collectcorp and CBCL are two completely different companies. The only thing they share in common is that they are both collection agencies, and very big ones I might add.

Collectcorp used to be owned in part by Equifax Canada, who later bought Canadian Bonded Credits Ltd. after they divorced themselves from Collectcorp. Now, Equifax has finally given up  purchasing collection agencies to strengthen their monopoly on the credit reporting and recovery sector. It was more of a hard cost int he end because of some "conflicts" apparently.

Johnny

 

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

solvestudentdebt.com
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praj View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote praj Quote  Post ReplyReply Direct Link To This Post Posted: 01/March/2006 at 5:31pm
Thanks Johnny. When you say "conflicts" is that because somewhere along the line somebody in power said, waitaminute, is right for collection agencies to be owned by credit report companies? Too much to hope?

Now I am trying to figure out why it went from Collectcorp to CBCL.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lil0124 Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2006 at 12:40pm

 I'm delighted to share a recent success with you. After several years of terrible harrassment, on the phone, I found the magic words.

Yet another in a long line of abusive CBCL employees had my file and called. When he had been given 45 seconds of air time, I said, "Excuse me. I understand that I have the legal right to tell you never to contact me by telelphone again. Please acknowledge that you have heard me say this." He made a couple more attempts to harrass and each time I simply repeated my statement and question. Finally, he said, "Yes." At this point I hung up and they have not called back in quite some time.

Lil

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Post Options Post Options   Thanks (0) Thanks(0)   Quote batch Quote  Post ReplyReply Direct Link To This Post Posted: 17/May/2006 at 6:02pm
I recieved a call today from CBCL demanding 12 post dated cheques for 50.00 each.  He said the statute of limitations required that I have them there by Tuesday (3 business days) so that i would have to send them express (which i can't really afford right now).

He said this was my chance to play nice.  If i didn't want to do it, that that was fine, we would hang up and he would call my financial department and start proceedings on a wage garnishment (he said that we would have to have this thing that verifies my income and stuff filled out).

He said that he didn't need a judgment, that he was acting on behalf of royal bank, and that he had been given permission now to go ahead with legal action. 

these are loans totalling aprox 30 000 no payments have been made, and i graduated in 2002 so i am in full default.

Advice?  what if the cheques don't get there by tuesday?

thanks
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lil0124 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lil0124 Quote  Post ReplyReply Direct Link To This Post Posted: 18/May/2006 at 1:41pm

Originally posted by countrygirl2094 countrygirl2094 wrote:

Has anyone heard about their debts since the gov took back their csl's from CBCL?  Just curious, because I haven't heard a word from them or from any other collection agency.

I heard from a 'new company'. I took a deep breath. Told the guy that he was not the first company to call and that I no that I have the legal right to tell them never to telephone me again. He put me on hold, then asked me to send my statement in writing and I've not heard back from them yet. It's been a few months, not long, but still.

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Melissa View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Melissa Quote  Post ReplyReply Direct Link To This Post Posted: 09/June/2006 at 3:45pm
I did a google search and came across this website.  I went to school back in 1995.  I didn't get a job right away.  The gov (or whoever it was) wanted $300 a month on a 23,000 loan.  I told them I couldn't give them that but I could afford $150 a month they declined so I didn't pay anything.

I move to the city I'm in now and have an unlisted number but somehow Canadian bonded credit limited got a hold of my number and call me six days a week. I get a recorded message sometimes and then later in the day I will get a person calling me.  If I hear the long distance ring on my phone I don't even bother to see who it is because I know its CBCL.

If I write to Jean Dupont and request a copy of my CSL file what will I expect to see when I get it in the mail?

I get tired of them calling me day in and day out.  I guess its time to start paying on it because it gets on my nerves them calling every day
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 11/June/2006 at 6:24pm

If you write Jean with a request for anything, you likely will not receive a response. You would have to request your account data from who you owe (bank, NSLSC for federal and provincial integated, and Provincial for Provincial guaranteed).

Lastly, obtaining a non-published telephone number does not prevent a collection agncy from finding it out. They are VERY creative with respect to skip tracing efforts. You can read about this sort of stuff on my site.

www.cfwgroup.ca

866-239-7889

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

solvestudentdebt.com
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Melissa Quote  Post ReplyReply Direct Link To This Post Posted: 22/June/2006 at 9:17am
Johnny I got a letter today in the mail saying that I will be receiving my CSL file within 30 days.
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 23/June/2006 at 1:33pm

That is great. You will receive all of the historical data and paperwork that is housed at the CSLP. They have a 30 day window to get it to you once requested this way.

Johnny

www.cfwgroup.ca

 

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

solvestudentdebt.com
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IrritatedOne View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IrritatedOne Quote  Post ReplyReply Direct Link To This Post Posted: 03/August/2006 at 9:53am
I'm really happy - no, "thrilled", is more the word - that I have found
this forum on the web!

I am a real estate agent but I do only about 1-2 deals a year, self-
employed. I have maxed out my credit cards and supposedly have a
student loan around $29k from 1996-7. I never made any attempts
to pay until this past November 2005, when they forced me to put
$6000 on my credit card even though I had made only $7000 that
year!

I feel really stupid because I didn't know my rights. I have a car that
I own, but no other assets, no property, house etc. I live in family
housing in Vancouver (which is still expensive) I have 3 kids and 2
ex-husbands who don't pay any support. But I have a boyfriend who
I live with who helps pay rent etc but he pays a huge portion of his
pay to his ex-wife for support. I receive calls from CBCL every single
day and I have stopped returning their calls since about February
2006.

I told them I was waiting on a deal, and if I got it, I'd pay
them off. It hasn't happened yet. (A client of mine wanted to buy an
apartment building & hasn't found one yet). CBCL suggests
ridiculous things like how about I get a loan to pay them, or tell me
that $150 or $300 a month won't even cover the interest accruing on
the loan. There's about $11k in interest apparently.

Do you know how I can specifically get these guys off my back until I
have a means to pay them without accruing more interest? The $6k
I paid will be for nothing I imagine.


Now they've started a new method, every morning they found about
3 times in a row; my caller ID says "unknown name, unknown
number" so I don't answer. A new case worker has left me a
message, politely, but I don't want to call them back until I know
what I should tell them.

Thanks to anybody who can help on this one.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lil0124 Quote  Post ReplyReply Direct Link To This Post Posted: 04/August/2006 at 12:34pm

If you spend some time looking through this site and the other posts, there are many great suggestions. The thing I found the most helpful (there are many suggestions here, really), was to answer the phone and inform the caller that you are aware that you have the legal right to tell them that they are not allowed to contact you by phone, ever again. Ask him/her to confirm that they hear what you said. Tell them to note it on your file. Then hang up. Repeat those statements until you hang up.

Again, there are many stories, comments and suggestions here that are worth considering.

Warmest regards, me

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IrritatedOne View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IrritatedOne Quote  Post ReplyReply Direct Link To This Post Posted: 05/August/2006 at 1:10pm
Thanks for your input, I will look at all the posts and try to figure
what's the best course of action to take.... soooooo
overwhelmed. I don't know if was a good or bad move to have
paid them $6000 on my credit card as far as the loan is
concerned - I know for me it was a bad move just on the fact
that it's my credit card and not cash.
Thanks again.
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 07/August/2006 at 5:40am

If the interest on your credit card acount is higher than the student loan ... not good. If the debt you owe is a guaranteed Canada Student Loan, and a collection agency demanded that you pay them using a credit card, that is against rules issued by the government.

If paying that amont of money using a credit card does not cause you real hardship in any way, no harm done.

Why did you put it on your credit card? Was there any coersion or enticement from a collector to do this?

Johnny

www.cfwgroup.ca

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

solvestudentdebt.com
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IrritatedOne View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IrritatedOne Quote  Post ReplyReply Direct Link To This Post Posted: 08/August/2006 at 9:36am
Yes, they did "force" me to put it on my credit card. I told them
that I had high interest and they said that I should do whatever I
can to pay off the student loan interest in as big a lump sum as I
can. It did really cause me hardship in the end as I haven't
been able to pay that off either now.

Also, the way they told me to do it was to make a cash advance
on the card, then make a bank draft for the amount because
they couldn't accept credit card payment directly. That should
have been the clue, but I did it.

Now I'm worried about if I do tell them to stop calling, will they
seek another means to collect such as legal action to seize
property. Aside from home furnishings, TV, computer etc, I
have a 4 year old car. If I don't have a car I cannot work. Could
they take that?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IrritatedOne Quote  Post ReplyReply Direct Link To This Post Posted: 16/August/2006 at 9:36am
I phoned the guy back at CBCL and I let him do all the talking at
first. He said it was great I made a huge contribution of $6000
but what happened since. He had some difficulty
understanding that I'm self employed and yet work for a real
estate firm. I told him that the previous fellow shouldn't have
asked me to put that amount on the credit card as it was a
higher interest rate and caused me hardship.

After that he became much softer and nicer.
Then he told me I could pay a small amount per month and if I
sent post-dated cheques for 6 months, the interest would stop
but if I send monthly it won't, but he said I can do what I want. I
chose to do internet payments. I questioned his logic on that
and he kept saying that the goverment sees the total amount of
what I pay against the interest despite the fact I'm paying
monthly. I don't know if that is correct or not. Anybody?

Either way, I may set up monthly withdrawls on my internet
banking and show them that - that may satisfy us both. He will
fax me the statement of my account as well. Any suggestions?
Does this all sound legit?
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 19/August/2006 at 3:28pm

Hi Irritated,

"Also, the way they told me to do it was to make a cash advance on the card, then make a bank draft for the amount because they couldn't accept credit card payment directly."

 

The collection agency is not allowed to accept credit card payments because your student loan provider prohibits that method, and also the Provincial Ministry has issues about these payment methods. This is why they told you to go cash advance and give them a bank draft.

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

solvestudentdebt.com
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IrritatedOne View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IrritatedOne Quote  Post ReplyReply Direct Link To This Post Posted: 14/September/2006 at 11:51am
What's happened now:
CBCL-
I had set up monthly payments with my online banking but the
first payment bounced because the amount I usually get
deposited from family allowance was drastically reduced. So I
contacted them and told them they will receive the first amount
this month on the 20th.

The guy at CBCL said that because I broke my promise, the
government is taking legal action and he can put a hold on it for
one week so I can try to find the interest amount which is about
$12000. I told him that no bank or any institution will likely give
me a loan when I have no means of paying it back along with
all the other debt I've incurred.

He said then after the week is up, they will begin legal action
and seize everything. When I asked what is "everything" if I
have nothing, he said everything until it's paid: car, income,
anything!

If my car gets seized, I cannot work. That is how I work. So
what happens? What actually happens now if I cannot pay 12
thousand? I can only pay $200 a month, which now they are
not accepting. If I get a commission cheque I will pay a big
lump sum. But I have no deals lined up yet.

What should I do? I cannot afford to lose any of the few assets I
have. I have 3 kids and live in family housing.
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 14/September/2006 at 6:04pm
The agency is gong to threaten you with whatever they can to get you to pay. The question is how far can they go? This is not somethign anyone can answer without knowing you, or your situation. At the end of the day, you will have to dealwith these calls and threats for the duration.

If you want protection and a solution, let me know. Youwill have to become a client in this event. Otherwise, best of luck!

Johnny

www.cfwgroup.ca
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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