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 LockedI was sued!

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kimmi View Drop Down
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Joined: 17/October/2004
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kimmi Quote  Post ReplyReply Direct Link To This Post Topic: I was sued!
    Posted: 17/October/2004 at 11:42am

I had student loans of more than $20,000 (between the Canada Student Loan, CIBC and provincial loans) after graduating in 1998. I made payments to CIBC, but fell behind sometime in 2001. Eventually, I was getting calls and letters from CBCL. Without going into detail, let me just say that the people who work for CBCL are among the most rude and intimidating people I have ever dealt with. I honestly have no idea how these bullies sleep at night.

 

At this point – early 2003 - I signed up for credit counseling that was based in the US (it was the only such agency listed in my city’s phone directory). The people were really great, but it turned out the fees they were charging were ridiculous and CBCL wouldn’t deal with them. Then I was sued by CIBC because I couldn’t meet the demands of CBCL (i.e. paying $2,500 in three days to resume monthly payments of $200). All I got was this registered letter from a lawyer in my city that was all legal jargon that I didn’t understand. I didn’t even understand that I was technically sued in court in another province and a judgement was made against me by CIBC for over 12 grand. My work also told me that my wages were going to be garnished. At this point, after being totally beaten down and made to feel worthless, I started to freak out and wondered what I was going to do.

 

That’s when I stumbled onto this site and learned I wasn’t alone in my situation. That was of great consolation in a strange way. I eventually contacted John Leblanc with the CFW group and he was a lifesaver! Before doing anything, he made me feel my situation was nothing to be ashamed about and that I’m not a deadbeat because I couldn’t meet the demands of CBCL. He helped me sort out this mess and actually asked me what I could afford to pay each month. Imagine that – making payments that actually fit into my budget!

 

So John went to bat for me with CIBC’s lawyers and the results gave me total peace of mind. John was able to explain everything to me in language I could understand and in a tone that was neither condescending nor belligerent - all of which was new to me. CIBC and CBCL no longer contact me, but must work through John. CIBC withdraws the payments once a month and so far so good. My file will be revisited every six months.

 

The fees that John charges for his services are completely reasonable and I totally recommend that anyone faced with a situation like mine contact him immediately! He is a miracle worker! His skills and knowledge in the collections business, banks, student loans and wellness are a perfect match for anyone who thinks there is no light at the end of the tunnel. Trust me – there is!

 

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hunter View Drop Down
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Joined: 04/September/2003
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hunter Quote  Post ReplyReply Direct Link To This Post Posted: 19/October/2004 at 6:09am
Yup, there is light at the end of the tunnel, when you have Johnny.

Trust me,
take it from someone who knows.

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DianahJ View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DianahJ Quote  Post ReplyReply Direct Link To This Post Posted: 19/January/2005 at 11:12am
Kimmi, I found it frightening that you were sued only after 2 years.  There are people who do not pay for years!!!  Were you in contact with CBCL at all?  And how come you were sued in a different province?
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nago View Drop Down
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Joined: 01/December/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Posted: 18/March/2005 at 3:19pm
I wish i had some money to hire john (:
http://img152.imageshack.us/my.php?image=2sn9.jpg
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CARGO1 View Drop Down
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Joined: 13/January/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote CARGO1 Quote  Post ReplyReply Direct Link To This Post Posted: 18/March/2005 at 3:22pm

Nago,

I seem to remember john offering you his services before Christmas, did you accept?

troy

            Â Â ï¿½ï¿½ï¿½ï¿½The best way to forget your troubles is to wear tight shoes.
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Guests View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 08/June/2005 at 6:45am
I am interested in collecting peoples stories about their dealings with the NSLC, specifically those who believe that they were treated unethically, or illegelly.   Experiences of how CBCL and the government treated you and effected your life.  You can e-mail me here (qzwxec@hotmail.com), just make shure to write something in the subject field.  I am going to try some advocacy on my own and I think the relevance of the story comes from our numbers.  Best of luck! 
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