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 LockedCan previously purged bad debt repost on bureau?

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    Posted: 23/November/2012 at 1:14pm
Hi there,
I had a previous debt with a visa that purged from my bureau 6 years after the dol, which was in 2002, and now 4 years after being purged a collection agency is trying to contact me. My credit is now finally in a good standing and I have not made any mistakes since. I am trying get approved for a mortgage and am worried this could go back on my credit report.
Can a collection agency re-post this on my report with equifax or transunion? do i have to keep dealing with the collectors calling me? from what i have gathered online, here, and with equifax is that once purged it can never be reposted? is this true? equifax states it could be reposted and if so, i would have to dispute it. Any help in dealing with this would be greatly appreciated. And thank you so far for all the information provided.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 24/November/2012 at 9:49am
If the debt is staute barred it is not allowed to be reported.
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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lincoln View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lincoln Quote  Post ReplyReply Direct Link To This Post Posted: 25/November/2012 at 6:11am
equifax told me that collectors can re-post by changing the dol activity and then its up to me to call in and dispute it. meanwhile it affects my credit score until it is re-removed. this can continue, apparently, forever?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lincoln Quote  Post ReplyReply Direct Link To This Post Posted: 25/November/2012 at 6:12am
also, thanks for the reply johnny!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2012 at 4:15am
This is why it is important for those with collection items to stay on top of their reports. THe banks are also bound by a federal law as well. The question of accountability is often raised though because they never seem to get into trouble when they break it.
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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