New Posts New Posts RSS Feed - Dealing with collection agencies
  FAQ FAQ  Forum Search   Register Register  Login Login

Dealing with collection agencies

 Post Reply Post Reply Page  <1 567
Author
anamtark View Drop Down
Newbie
Newbie


Joined: 25/August/2008
Points: 11
Post Options Post Options   Thanks (0) Thanks(0)   Quote anamtark Quote  Post ReplyReply Direct Link To This Post Posted: 03/September/2008 at 8:43am
If somebody miss regular payments (either principal+interest or interest only) of CSL for say 6-7 months at a row, how many months it takes by CSL authority to send the student loan to collection agency?
Back to Top
Sponsored Links


Back to Top
Buff View Drop Down
Groupie
Groupie


Joined: 15/July/2005
Points: 150
Post Options Post Options   Thanks (0) Thanks(0)   Quote Buff Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2008 at 2:48am
Last I heard was that 270 days (roughly 9 months) in arrears gets a CSL sent to collection. That could have changed though.
 
Buff
Back to Top
In Death View Drop Down
Newbie
Newbie


Joined: 17/September/2008
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote In Death Quote  Post ReplyReply Direct Link To This Post Posted: 17/September/2008 at 5:20pm
Hi everyone,

I am new to all this debt crap. Frankly, I really don't understand much of it except that I have to pay all of it off. However I thought that if you don't have the means to pay a LARGE lump sum, you can set up to make monthly payments with the agency ...

So I am dealing with this agency, CBV. The person I spoke to was quite rude and really unhelpful. She was absolutely uncompromising about giving me the option to make monthly payments. Instead she demanded that I should make a 10 grand payment by the end of this month (Sept, 2008)!
She suggested that I should take loans from the bank ... what bank is going to give me a loan, for godsakes?

can someone please advice me on this? Honestly, I was in such a shock to hear this ... I don't really know what to do right now or where to get that kind of money?
Back to Top
Miss_Savvy View Drop Down
Newbie
Newbie
Avatar

Joined: 31/October/2008
Location: Toronto
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote Miss_Savvy Quote  Post ReplyReply Direct Link To This Post Posted: 31/October/2008 at 9:18pm

I am currently dealing with two credit agencies and would like to know how to proceed.  one is alliance one - i spoke to rep seemed pretty nice, advised he has my file for 7 mths and says i can make pymts on 3% of the balance owing - so i agreed but have not sent cheques out  as of yet for the pymt of $324/mths, he says that this will not be reported to crd bureau but he can offer me a settlement of $9200. If i agree to send post dated cheques to build a relationship w this creditor, is this a good deal or am i being screwed?  My tried to apply for a loan but my bank told me there is literally a hold on my bureau and they cannot process any loan applications??? 

 
The next is from a place called Natale Law Offices they sent me a draft Defence to Plaintiff’s Claim/Defendant’s Claim, but it's filed in Richmond Hill I am in Toronto, plus when i contacted them they said pay in full I told them I can only afford xxx amt, she said see me in court and she will garnish my wages.
 
What are my options here?  Do I just sent post dated cheques of what I can afford to pay, or is it the collection agency who is messing up my bureau this debt is a year old
 
Any suggestions
Back to Top
andrizzle View Drop Down
Newbie
Newbie


Joined: 06/November/2008
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote andrizzle Quote  Post ReplyReply Direct Link To This Post Posted: 06/November/2008 at 7:31am
Haha, Alliance One.

I have only ever dealt with 2 collection agencies. The second being the most recent (within the last month) was Alliance One.

- The agent was very, very rude. Literally, I could not believe how she talked to me and belittled me.
- She lied to me. (Said she left me 2-3 voice mails in the last 2 days - which I believe is a violation of calling too much - Funny seeing as how I don't have voice mail. I told her this and she said "Well, I left them")
- Called back the next day and asked to speak to someone either than her. I was asked why and I said "I don't want to be spoken to rudely or lied to". He ignored what I had said and went right into how I was going to pay this back (It's 1100$)

- I told him that I am currently a full-time student living off of students loans and would not be able to make a payments right away (I told him I would be able to pay it off in January)

- This was not good enough - he told me to call around to family and see if I could get help paying this back (Also a violation)

I told him that I could afford to pay $50 a month until January when I would be able to pay it off completely. (I got a rahter last bursary this year so good timing. Lol)

He said he would ONLY accept $100 a month (He called October 4-5th and wanted a payment for Sept of 100$ then ANOTHER payment before the end of October of 100$.

I told him I really couldn't afford to pay that much and he said if I didn't he would contact that company I owe the money to (Future Shop) or contact whoever (I forget who he said ) and told me that I would never be able to get a loan for a mortgage or a car or anything for the rest of my life.



Back to Top
Miss_Savvy View Drop Down
Newbie
Newbie
Avatar

Joined: 31/October/2008
Location: Toronto
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote Miss_Savvy Quote  Post ReplyReply Direct Link To This Post Posted: 07/November/2008 at 2:44pm
See the guy I spoke too asked me to send cheques, something told me to hold off because he said he would send a invoice this week.  To no surprise, no invoice with our agreement, I haven't sent any cheques, but he has called to find out where the money is?? lol... anyhow I found out you can make pymts to these jerks via online banking so I think I will go that route and be in control of what I pay.
Miss Savvy
Back to Top
PatB View Drop Down
Newbie
Newbie


Joined: 15/December/2008
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote PatB Quote  Post ReplyReply Direct Link To This Post Posted: 15/December/2008 at 8:34am
The original post in this thread states that collection agencies are not supposed to contact you at your place of employment. Is this still true? This is starting to happen to me (pertaining to a CIBC student loan), so I want to know if I can tell them they're not supposed to be doing that, etc.
 
Regards,
Back to Top
Johnny View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5907
Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 15/December/2008 at 11:23am
Here is what you have to take into consideration....
 
Up until a year ago, a lot of collectors have been known to bend the rules to get their job done. They did whatever works for them to earn a commission.  Now, collection agencies are in survival mode, not only because it is the most difficult time of year for collections. Canada is going through an economic downswing. So, as a result, the debt collection industry is forced to wander outside the boundaries. Right now in the consumer population it is all about saving and reorganizing priorities. That means more difficult times for collectors trying to make a commission. In addition to this,  they are trying to save the agency that employs them.  
 
Desperate people do desperate things while under tremendous financial pressure. The bankruptcy and debt pooling assignments are evidence of that. Desperate collection agencies and collectors plug their ears up so they do not have to listen to anything you have to say. Desperation has set into that industry.
 
Johnny
 
 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
PatB View Drop Down
Newbie
Newbie


Joined: 15/December/2008
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote PatB Quote  Post ReplyReply Direct Link To This Post Posted: 15/December/2008 at 8:04pm
Thanks for the response Johnny. But despite the current economic conditions, I take it the collection agencies still shouldn't be doing this (i.e., phoning people at their work). Is this an official rule/law? Again, I'd like to know how to handle this the next time this happens.
 
Regards, 
Back to Top
Johnny View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5907
Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 16/December/2008 at 1:15pm
There is a rule book that they have to abide by. However, rules that protect you are a burden to the debt collection industry. Also, the authorities who wrote the rule book and are responsible to reprimand them when rules are broken actually depend on these agencies to collect their debt. So, they have a unique relationship with one another that comes with perks, perhaps.
 
Tell them to stop phoning you at work. If they persist, seek help and make them stop.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
thisiskat View Drop Down
Newbie
Newbie


Joined: 22/December/2008
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote thisiskat Quote  Post ReplyReply Direct Link To This Post Posted: 22/December/2008 at 7:12pm
I attended 3 courses at Seneca college for about 2 months.  In November of 2007, my mother became ill with cancer and I left the province.  I also did not drop these 3 courses at this time.  As a result of my mothers illness, I moved out of my Toronto apartment, which is the only address the college had on file. Now, over a year later, I received an email asking me for payment for outstanding fees.
1) no contact has been made over the phone and I have not received any invoices
2) no threat to the collection agency has been made
3) I applied to the same college for a different program under the same name in march of 2008 and was not told I owed any fees at that time

I understand that the burden is on the college to prove that I owe them fees for these courses that I did not receive a grade for. (but I also didn't drop out, stupid me)

I'm concerned that the college can go to York University (on the same campus) and ask for my contact information.  Or am I protected by PIPEDA?

Also, if I provided the college with my SIN, can they use that as well to try and contact me?

I don't feel that the college is entitled to payment since I did not receive any grades from them, but I can see where I was wrong.  I'm annoyed that they waited over a year to email me to even bring this outstanding account to my attention (and then not even give me a specific amount, just a number to call back)

Any feedback would be appreciated.  And yes, I've done my best to read the other posts!
Back to Top
 Post Reply Post Reply Page  <1 567
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.08
Copyright ©2001-2017 Web Wiz Ltd.