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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CARGO1 View Drop Down
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    Posted: 19/April/2004 at 12:55pm

hey John,

I think I need you to call me asap, I just got a call from Mr. Jackson at collect corp! he said to me that my file has been closed and that BNS Sends its appologies for their error.... its got to be a trick or something....what do you think?? Mr Jackson hung up at about 300 miles an hour so I never actually got to ask any questions.

anyway give me a call

thanks

Troy

1-403-804-7039

 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote eshelton Quote  Post ReplyReply Direct Link To This Post Posted: 04/November/2004 at 6:16pm
Cargo1,

What's happening with this situation now?
"A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven." - Jean Chretien
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 04/November/2004 at 6:25pm

 

 It is Barred.

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote CARGO1 Quote  Post ReplyReply Direct Link To This Post Posted: 05/November/2004 at 6:37am

I really dont know whats happening with it now??

John in his magic way made a couple a calls while i was on the phone with him..... and POOF i got a call from collect corp appologizing for thier error.. kinda funny actually

I guess Im still on collect corps hit list or at least on the auto dial list I still get at least once a week a voice message to call a 1 -800 # but I just ignore it and they never call in person. I actually got a letter about a week ago from there lawyer saying BNS had authorized them to resolve my issues with a debt reduction promise of up to 80% ... good luck "Mr lawyer".

I would have paid this debt gladly if i would have been able to reap the benefits of and education but unfourtunatly the school I was to attend went bankrupt before I could attend even my first day!!!

I Am very thankful that i listened to the advise on this forum and that JOHN At CFW , was there to help me. I cannot thank him enough. IF anyone out ther is struggleing with debt wether its s/l or consumer John is the man I recommend

Thanks Again Johnny

troy

 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 05/November/2004 at 7:44am

 

 Hi Cargo,

 The debt is actually barred. The only reason it still sits where it does is because it had been "purchased". The account is off of active recovery and sits on a predictive dialer desk at the moment. No one is really working on it it at the collection end.

 I will contact someone at BNS directly for you. First, you have to issue me a power of attorney and consent to do this as we did before. Call me tomorrow (Saturday) and I will put this to rest for you once and for all.

 The problem is that the bank has not addressed the debt as barred. The agency knows it is but the bank has to close it down - Unless it is a purchased account. If so, then the agency bought the debt which is uncollectable. ha ha ha .

 

Call me tomorrow on my cell/

 

Johnny

 

 

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote CARGO1 Quote  Post ReplyReply Direct Link To This Post Posted: 05/November/2004 at 7:52am

jOHNNY,

your the best,

troy/ cargo

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Post Options Post Options   Thanks (0) Thanks(0)   Quote givemeaccess Quote  Post ReplyReply Direct Link To This Post Posted: 10/November/2004 at 4:26pm

Hi,

What does stats barred mean??????

 

 

Originally posted by Johnny Johnny wrote:

 

 It is Barred.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 10/November/2004 at 4:35pm

 

 Statute Barred debt means that the debt is no longer legally collectable providing it has a limitation period attached to it.

 For Crown debt ()CSLP), the limitation period is 6 years without payment or acknowledgment. Oncew 6 years has passed without any acknowlegment from the borrower, the debt is barred - but not closed. It still remains but is inactive until you a) acknowledge the debt aftewr the fact, and; b) re-apply for more student funding fromt he government(s). These two things will cause the debt to survive the statutes.

 

Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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