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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4mercollector View Drop Down
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    Posted: 11/August/2005 at 3:29am

Hi everyone, I am a former Student Loan Collector, and will be happy to answer any questions you may have.

Yes i was one of the nice collectors out there!!

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silence2long View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silence2long Quote  Post ReplyReply Direct Link To This Post Posted: 11/August/2005 at 4:25am

Where you one of the ones that said,

" From your financial statement that I have in front of me....I can see that you don't have any money at all....my calling you in only a technicality...I'll post in my notes that you were not at home today.....throw this file in the black-hole , take your name off the auto-dailer........you should expect relief from hassling calls for the next six months....when someone will call to have you fill out another financial questionairre...so that we can keep your debt alive... .indefinitely.........but for the time being I know you need the money more than I do.........please keep it..... I wouldn't be able to sleep tonight if I knew your kids belly was grumbling....and I were full from a T-bone steak that I bought from the commission on your debt."

Is this the nice kind of Student Loan Collector you were ??? Please feel free to explain.......how nice you were.......we are all ears ???


silence is a form of fear...fear of the unknown...has kept me silent too long
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Nicki View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nicki Quote  Post ReplyReply Direct Link To This Post Posted: 11/August/2005 at 4:29am

What exactly were the rules and regulations did the agency that you worked for teach you in handling student loans?

 

 

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Mersan View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mersan Quote  Post ReplyReply Direct Link To This Post Posted: 11/August/2005 at 4:51am
Did the HRDC or HRSDC provide you with guidelines to follow?  If so how closely were these directives taken seriously and complied with?  Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/August/2005 at 5:02am

Here area few questions:

1. What agency did you work for?

2.  Informative advice givers that do so without transparency may have something to hide. What is your name?  Tell us who you are.  

3. Why did you leave the business?

4. What are the three PCA directives that are most commonly breeched by third-party collector(s)?

5. What is "consumer Credit" by definition?

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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4mercollector View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 4mercollector Quote  Post ReplyReply Direct Link To This Post Posted: 12/August/2005 at 3:34am
To Silence2long - there's no use replying to your posts. Sorry, i did not engage in that as a collector, not will i engage in it now.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 4mercollector Quote  Post ReplyReply Direct Link To This Post Posted: 12/August/2005 at 3:40am

Rules and regulations were only the collections act of ontario. No direction from HRDC.

Basically, get payment in full, make a settlement, or get monthly payments.

I would prefer to remain anon as I am sure you know, collectors sometimes troll this board, and it would not be beneficial to me. Johnny, you have my email address, if you wish to contact me directly.

I left the business for a better job.

Most common breaches, I would say, threatening action that cannot be done, deadlining settlements that could be extended longer, nothing much else. At lease in the conpany i worked. I did hear from debtors about horror stories at other agencies, collecting other part of loan.

 

 

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Mersan View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mersan Quote  Post ReplyReply Direct Link To This Post Posted: 12/August/2005 at 3:55am

This is extremely interesting if it applies to other agencies.  It would be a strong basis for a class action suit.  Members of Parliament introduce, draft and pass legislation.  The various ministries then develop protocol and directives to comply with the legislation.  These have to be followed for the law to be complied with.  There are specific provisions and directives for student loan debt as well as the general provisions for debt.  If HRDC was not providing third party collectors with the specific directives for student loan debt or enforcing them then they have broken the law big time. 

 

Another question is what determined if an account was returned to HRDC as uncollectable if there are/were no directives?

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Mersan View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mersan Quote  Post ReplyReply Direct Link To This Post Posted: 12/August/2005 at 4:25am

Were you working Canada Student Loans?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 13/August/2005 at 8:08am
Sorry, 4mercollector, I can't help but lmao here!!!!!!  You can't be transparent .....why???  Don't come to this board pretending to be a saviour....be transparant....or protect the "other" side...LOL  It's as simple as that.
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 13/August/2005 at 10:47am

4mer,

You wrote:

"I would prefer to remain anon as I am sure you know, collectors sometimes troll this board, and it would not be beneficial to me. Johnny, you have my email address, if you wish to contact me directly."

I am not following you. I know that collectors, bank reps, CRA and HRDC reps, Justice's CLAS para-legals and executives, etc. troll this forum all of the time. What do you mean by "it is not beneficial" to you? You say that you are no longer in the business. Why would you even care?

Secondly, I do not know who you are. The only email addresses I have are for those who I know. How can I contact you directly if I do not know who you are or how to contact you directly? There is no  transparency here.

Johnny

www.cfwgroup.ca

www.cfwgroup.ca/forum

 

 

 

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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