This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their upcoming changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities can't plan. I've heard of courses being cut because the government has no process in place for universities to send the newly required acceptance letters to the government.

This means that students who have been accepted can not attend courses that start in the summer 2024 semester. With cut sections, current Canadian students will have trouble getting courses, and may have to switch to part-time which changes their enrollment status and might trigger repayment of their loans or ineligibility for funding. I've seen this before. It wreaks havoc on the student loan borrowers.

Again, the Liberal government has messed up the education environment. Will the new system needed in a rush for the acceptance letters be the new Arrivecan scandal?

I call on the government to implement a slower phased in approach and delay the requirement of the acceptance letters until a process is in place to submit these letters.


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Forum LockedCIBC Student Debtor Harassment

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Peter Ewert View Drop Down
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Joined: 04/June/2005
Location: Canada
Points: 19
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    Posted: 04/June/2005 at 5:40am
My father was recently discharged from hospital, and the hospitalization occurred one day after a CIBC agents threatening telephone calls to my parents telephone , which have been recorded and traced using the Aliant ' *57" function, as 'GLOBAL CREDIT" who were collection agents of 'Clarence Lane' of CIBC Toronto and CIBC Halifax..

The police, the federal Privacy Commissioners office, and my legal advisors have been made aware of the CIBC's goading and threatening behaviours since 2001.

The student loan and their libellous credit history and the harrassment have been ignored and remain undresolved. I am unemployed with no hope of obtaining a job until this is resolved.
Peter Ewert
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debtsucks View Drop Down
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Joined: 22/April/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote debtsucks Quote  Post ReplyReply Direct Link To This Post Posted: 08/June/2005 at 12:26am
Hi Peter,

Your parents need to change their phone number to an unlisted number and have the banks phone numbers and their collection agencies numbers blocked. They should not have to deal with these scum. Especially at their age. I am so sorry you are going through this as I wish I could help you, but I can't even get my own situation resolved as I have little income and am barely getting by, no thanks to CIBC for what they have done to me. It's rather ironic that CIBC and the Fed Gov have collectors calling me when CIBC is the one who torpedoed my business which was going to allow me to pay back the very loans they are calling about. HA! CIBC have about as much business savy as seagul terd! I think everyone in their organisation that deals with student loans went to the school of ignore reality and spew corporate crap because I have found that when you explain that 2 + 2 = 4, CIBC says that 2 + 2 = 5, even when you can prove 2 + 2 = 4.

Anyway good luck!

debtsucks
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