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 LockedDate of Last Activity on Federal Part

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jjunket View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jjunket Quote  Post ReplyReply Direct Link To This Post Topic: Date of Last Activity on Federal Part
    Posted: 27/March/2018 at 9:18am
Hi again Royal,

You are correct, the lates are purging off as time passes.  I don't believe that the rehabilitation reset the last activity date as there was no change made to the old tradeline at all - just a brand spanking new one added.

My gripe was that the old loan was actually in default as of Nov. 2011, when I should have started repayment.  TransUnion got this right as it was the first time I was delinquent (DOFD).  Equifax, however, took the date that the loan was transferred to the CRA instead - mid-2012.  I suppose they can get away with this as they purport to use the date of last activity instead of delinquency.  Of course, activity is only vaguely defined so who knows what constitutes it.

Anyway, life is good now - the collection item from the provincial part is now gone and the ugly old lates from the federal part drop off month by month so we're on the track to proper repair.  We got approved for a mortgage earlier this year and it feels great to finally move past all of this Thumbs Up - thanks in no small part to the advice of you and everyone here.

Thanks again!
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Royal-NCO View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2017 at 2:41pm
I forget to mention in my earlier post that the stated last activity date on Equifax is less than accurate.  What we see as consumers is quite different from their internal database from my experience.  Furthermore, despite the trade surviving, look at the date for those late payments.  Count 6 years from those dates and the derogatory entries should be removed from the trade even though the trade may persist.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2017 at 11:15am
Yes, I understand what you’re trying to say, I think. I’ll try to be more clear.

My thought is that you reset the activity date when you initiated and completed the rehabilitation process. This would not impact Transunion, but it would restart the clock on Equifax.

This was precisely why I chose not to rehabilitate the Ontario loan. I was terrified that it would reset the date on Equifax. Instead, I paid it with credit cards and then consolidated my debt. Thankfully the bad trades had aged off when I did this.

I agree, it’s s dirty trick and shouldn’t be allowed. No idea what you can do about it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jjunket Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2017 at 8:33am
Hi Royal - nice to see you again.

The loan is already rehabilitated, hence the fresh trade on my reports - now worries there.  I'm also very familiar with the reporting differences between EQ and TU..

My concern was more that the Date of Last Activity for Equifax is not actually reflective of the Last Activity on the loan, since I never actually had any activity on the loan after it was disbursed.

They have assigned the DOLA as the date that they (NSLSC) transferred the loan to CRA for collection.

It seems a little bit prejudiced that the DOLA can be based on the creditors last action instead of the debtors.  If this is the case, couldn't a company potentially delay closure/transfer of an account in order to extend a negative item's amount of time on a credit report?


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2017 at 5:42am
Transunion starts counting from the day of first delinquency.  Equifax counts from the date of last activity.

For the above reason, if you're dealing with statute barred debt, allow it to age off both credit reports before you make any attempts to repay the debt. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jjunket Quote  Post ReplyReply Direct Link To This Post Posted: 28/November/2017 at 7:38am
Hi all,

I posted an update awhile back about my progress with rehabilitation.  I am expecting to make another update in early 2018 once the provincial part of my loan transfers back to NSLSC - hoping to be able to provide firsthand experience regarding the collection item on my credit report, which many people seem to ask about here, but no one is able to confirm.

In the meantime - I've come across something interesting and am wondering if this community has any insight.

The federal portion of my loan was listed on both of my credit reports as an installment tradeline, and had a number of 30/60/90+ late payments recorded up until it was transferred to the CRA for collection in fall 2012.  This was expected as I had never made any payment to the loan.

When I rehabilitated the loan, a new, fresh installment tradeline was established on both reports.

Last month, the original tradeline purged from my TransUnion report, as the date of first delinquency on my account had reached the six-year mark.  This seems correct as it lines up with the 6 month grace period after my studies ended, when I should have began making payments, and therefore when I first defaulted on the account.

Now, the hairy part.  On my Equifax report, the Date of Last Activity (when their six-year clock starts), is listed as fall-2012, the same time that the account was transferred to the CRA; even though there was never any payment made to the account.  It seems a little bit off side that they are using the date of their own action on the account to determine the DOLA - all of my research seems to indicate that DOLA should be determined by the debtors last action on the account, or, if no action was taken, the date on which the creditor should have reasonably known that a default had occurred.

I was wondering if I might gain anything by calling the NSLSC and asking them to amend the DOLA on the old loan in an effort to have it purge sooner?  Now that I have rehabilitated the loan, I was hoping I could convince them to do it as a gesture of good will?  Any comments on the likelihood of this happening?

Alternatively, do you think a dispute of the DOLA with Equifax would have any teeth?

The ambiguity in this system is frustrating to say the least.

Thanks for reading!
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