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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mckie0514 View Drop Down
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    Posted: 08/July/2010 at 7:11am
I pulled both my Equifax and Transunion reports to verify that my student loans had come off as the date of last activity was June 2004.  They are gone from Equifax, however on Transunion it now shows the date reported as 03/06/2010.  I am assuming CBV lied and somehow made it seem like I made a payment or something (which I never did)
 
Is there any way to correct this?  I can not afford to pay off the loans and was looking forward to finally having them off my report so I can rebuild my credit and try to move forward with my life.  Any suggestions?
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mckie0514 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mckie0514 Quote  Post ReplyReply Direct Link To This Post Posted: 12/July/2010 at 3:09pm
Has this happened to anyone else?  Is there nothing I can do?
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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/July/2010 at 12:50am
What you can do is write to Trans Union and explain this to them, and ask them why the shift in activity date since you had not made any payment or acknowledgment. THey have to respond to you.
 
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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00Debbie00 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 00Debbie00 Quote  Post ReplyReply Direct Link To This Post Posted: 01/September/2010 at 6:01am
I have had this happen to me.  You must deal with the esscalations department of Tricura to have them remove the information off your TransUnion file.
Tricura is the repayment (collection) agency for the Federal Student Loan program.  Only they can correct this mistake.  If you live in Canada the number for the esscalations department is 1-866-788-0388.  Good Luck!
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