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 LockedSupreme Court Ruling on Transunion!!!

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    Posted: 20/January/2014 at 6:12am
Good news for BC at least... may eventually impact  other provinces!!!

Big news for consumers today: the Supreme Court of BC has upheld our Compliance Order against TransUnion, confirming that negative information must be removed from credit reports after 6 years. Click on our news release to learn what this means for you.

http://www.consumerprotectionbc.ca/other-business-news/1187-bc-supreme-court-confirms-consumer-information-must-be-removed-from-credit-reports-after-6-years

Thank you BC Consumer Protection
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Here's the press release!!!

BC Supreme Court confirms consumer information must be removed from credit reports after 6 years Print E-mail
{Jan. 20, 2014} VICTORIA, BC – The Supreme Court of British Columbia has upheld Consumer Protection BC’s Compliance Order against TransUnion of Canada Ltd., a national credit reporting agency. In a judgement released today, the company was required to cease certain business practices related to the length of time information can remain on a consumer’s credit report.

The Business Practices and Consumer Protection Act (BPCPA) regulates credit reporting agencies in BC with respect to what can be included in a credit report and who can see it. In April 2012, Consumer Protection BC issued a Compliance Order against TransUnion of Canada Ltd. (TransUnion), requiring the company to comply with two sections of the Act related to how long a consumer’s information may stay on their credit report. The law prevents reporting agencies from including information detrimental to an individual on their credit report for longer than six years. TransUnion petitioned the Supreme Court of British Columbia for a judicial review of Consumer Protection BC’s Order, pursuant to the Judicial Review Procedure Act. The Supreme Court of British Columbia, today, upheld Consumer Protection’s BC Order and dismissed TransUnion’s Petition.

“This a great day for British Columbians,” says Manjit Bains, Vice President of Corporate Relations of Consumer Protection BC. “The law has been tested and, today, the court’s decision confirms that no British Columbian should have adverse information on their credit report for longer than six years.”

Consumer Protection BC encourages consumers to:
  • Request a free copy of your credit report from both Equifax and TransUnion on an annual basis;
  • Check your report carefully for the type of information included and the length of time the information has been on your report;
  • Contact the credit reporting company if you have any concerns;
  • If you are unable to resolve issues with the credit reporting company, visit Consumer Protection BC’s online dispute resolution platform at www.resolveyourdispute.ca
A copy of the court’s judgement will be available on the Supreme Court of British Columbia website. TransUnion has the right to file an appeal with the BC Court of Appeal within 30 days of today’s decision.

There is a lot to know about credit reporting in BC. Jurisdiction for credit reporting is shared with the Office of the Information and Privacy Commissioner for BC and Consumer Protection BC. A backgrounder on credit reporting is available with additional information about the law in BC, consumer rights, business obligations and statistics. For more information about credit reporting, please visit www.consumerprotectionbc.ca.

About Consumer Protection BC
Consumer Protection BC is a not-for-profit corporation whose vision is confident consumers and trusted businesses in a thriving marketplace. We enforce consumer protection laws and strengthen consumer protection in BC by licensing and inspecting specific industries, responding to consumer questions, investigating alleged violations of consumer protection laws and educating consumers and businesses about their rights and responsibilities. For more information about our organization, please visit our corporate website at www.consumerprotectionbc.ca. You can also follow Consumer Protection BC on Twitter, like us on Facebook and read our blog for valuable consumer tips and resources.

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Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
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