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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    Posted: 14/October/2010 at 2:50am
I haven't paid anything on my Student loan, LOC, Credit Cards in 2 years. I just got back to Canada and started a job but have no extra money. A collection agency has been calling me once a day for the last 2 months...they leave a voice mail and say..."call us back for a time sensative matter, time is running out". They don't say anything else, and I never call back. What will happen if I continue to ignore these calls? Will my bank account (new one different bank than I owe money to) just be frozen one day? Or maybe if I call back they will tell me I have already been sued? Any suggestions will be appreciated. Thanks.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/October/2010 at 3:14am
Do you fear that legal proceedings may occur? Do you fear the debt recovery system?
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 Silk2121 Quote  Post ReplyReply Direct Link To This Post Posted: 14/October/2010 at 4:46am
Yes, I do. I'm trying to save enough so I can get some help with this matter (from your office), but I fear while I'm saving they will sue me. I'm afraid to answer the phone because I know they will just be rude and threaten me.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/October/2010 at 9:23am

You can receive help on a yearly basis for less than $650.00. Each case is unique, mind you, but we do have affordable intervention and protection services for those who need it and don't want to allow fear to overwhelm them. Consumer protection is one of our initiatives as well. You can also pay us over time as well. Some people can't pay for things all at once sometimes. We do understand your financial troubles. If you want me to set something up for you at a low rate give Julie a call tomorrow and have her pencil you in for an appointment by phone. Just know this - based on what I have read so far, the cost to you will be about $300 bucks.

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 Silk2121 Quote  Post ReplyReply Direct Link To This Post Posted: 15/October/2010 at 1:15am
Thanks a lot. that Sounds resonable. Trouble is, in addition to a student loan. I also have a LOC and a Visa all in default..the total of all 3 would be about 25000. Will this increase the fee for your services a lot? Will you be able to negotiate a low monthly payment for me? Will I be able to avoid talking to collection agencies all together? Will you be able to help me pay back a lot less than I owe? I'm greatful for any help you can give me.
I've gotten a consumer proposal drawn up, I just need to sign it. I don't want to go bankrupt, but the proposals got me paying a low monthly payment that I can afford and it gets the collection agencies off my back. I really don't want to go down this road but I'm backed into a corner. The collection Acencies just me to pay the entire balance off in one payment, obviously I would do that if i could. Thanks again for your help. Its great knowing there are people who can help me with this problem.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 15/October/2010 at 5:07am
He is what will happen:
 
You will find that you have a LOT more breathing room and space around you. Collection agencies will be less able to control and manipulate you. As for repayment, you can start repaying what you can afford. It is that simple. They will not refuse. So, there is realyl nothing to negotiate. You can pay what you can afford WITHOUT bankruptcy. A consumer proposal is bankruptcy. I will see to it that youa re not backed into any corners that may influence your judgment or outlook. What you are going through can be dealt with so much more effectively. You watch! That $25K you owe can be brought down quite a lot actually so don't stress it.
 
Call Julie at 902-876-3814 and set up a time for us to talk. In the meantime, have a good weekend and if any collectors call you tell them you'll call them back next week with a plan of action. If they ask, tell them you talk to them next week and politely end the call.
 
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 Silk2121 Quote  Post ReplyReply Direct Link To This Post Posted: 16/October/2010 at 1:44am
Johnny, what do you think of this? A guy from a collection agency called me yesterday at work. In the back of my mind I have been waiting for this call...however, as I began to talk to him...I found out he was looking for someone else..different SIN, Address, Last Name..I told him that I wasn't the person he was looking for but he didn't believe me, of course. Is this a Coincedince? or is it just a matter of time until he gets my right information? Me and the guy he is looking for share the same first name but that is it. His accent was so bad the receptionist at my work only heard the first name and put him through to me. What do you think? He will call back for sure.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 17/October/2010 at 12:32am
Sounds to me that this guy was looking for someone else. If he gave you someone else's information than you have to assume he is looking for someone else. Is this the same collector who has been calling you for months and leavng messages to return his call?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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no, I don't think it was. Its not the same guy but I don't know if it is the same company or not.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2010 at 2:26am
Well if you have unpaid student loans and other debt lying around you are certainly going to have to deal with the collection industry in one or another. Best thing to do is take the bull by the horns and tame it.
 
 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Silk2121 Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2010 at 4:46am

but if I go to you for help....do you talk to them on my behalf? or do I talk to them with your advice?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 18/October/2010 at 5:57am
either or. You decide. I will get involved if you are not confident in dealing with them or putting up with their foolishness.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Silk2121 Quote  Post ReplyReply Direct Link To This Post Posted: 08/November/2010 at 3:47am
Hi Johnny, I'm ready to contact your office for help reguarding my financial situation. I just had a few questions but first of all my debt is...$10,000 federal student loan 10 years old, $5,000 visa, $5,000 LOC all with the Royal. I haven't paid anything in 2 years, collections keep calling me but I have been avoiding their call. I'm basically wondering what you will be able to help me with, more specifically I had these question.  
Will I be able to make one payment for all 3 sources of debt?
Will I make this payment to your office, the collection agency, or the royal bank?
Will you be able to negotiate a low monthly payment around $300 or less?
Will you be able to help negotiate paying them back a lot less than I owe?
Will you be able to talk to credit agencies on my behalf, and does this cost extra?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 09/November/2010 at 2:49am
All you have to do is pay what you can afford and you pay who you owe. Not me. LOL. It is really that simple. You will need me to see to it that they accept without incident, and build a bilateral relationship so that you can move on with your life without having to worry about being harmed in any way. We are not debt poolers, which are those self-proclaimed non-profit credit counseling organizations. They offer a debt management program whereas you pay them instead of your creditors and the creditors pay them a commission for collecting debt. Those are collection agencies. Not for profit credit counseling services of "wherever" who collects money from you and earns a commission from the creditor is no different than NCO Financial services or Collectcorp. They just have a different constume on. That's all.
 
I am here to help you. I do not work for the creditors and governments. In fact, many governments and banks see The CFW Group as a threat to their debt recovery cause because of how effective we are in coaching and educating and protecting the consumer population. What we do for you is help you make better decisions and recapture control over your financial and social well being.  
 
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 spinner Quote  Post ReplyReply Direct Link To This Post Posted: 09/December/2011 at 6:31am
Johny

I've just moved back to Canada after 10 years.  I got into credit debt in another country and the agency that helped me said I was best off to stop paying my student loans and concentrate on the international debt, since the courts wouldn't recognise my Canadian debt.  I stopped paying my student loans about 5 years ago.

Now I'm in the opposite situation - I'm trying to pay my international debt and save up money for when Revenue Canada finally finds me.  My parents have been hassled for years but the latest phone call to them said I "have until 16th December to call Revenue Canada about this matter".  They didn't say why. 

Revenue Canada don't know where I am yet (at least until I file in the spring) and my parents won't tell them but they are scared.  I'm a little worried since I don't know why they have a due date now.

I have to make international debt payments of about $900/month (about $25,000 still owing).  I live pretty frugally (I was better off as a student!), so that leaves me about $700/month for my student loans.

Can you advise me what I should do?  What my options are?  My biggest fear is all my friends and co-workers finding out if I have to go bankrupt.  I know that sounds stupid at this point, but there it is.

Thanks for any help.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 10/December/2011 at 5:44am
Who is the agency that told you to stop paying your canada student loan(s)? If CRAS is lookign for you then it is best to address them. If youa re able to pay your student loan man you should be doing that. The danger here is that you abandoned the student loans and their perception of you and your intentions may be a little negative.
 
what is that that you want to acheive here? I can only help you if you  plan on doing what is right here.
 
It looks like you were in a tug of war and whichever agency told you to abandon your student loans may have been just serving their own best interest by instructing you to do that. Ouch 
 
No one should intentionally default on student loans while having the ability to pay. It is different if there is nothing that a borrower can do to prevent it. In that case it is not an intentional default. There are people out there who just cannot make the required payment that is imposed on them for whichever reason,  and no matter what else they do default is iminent. This is one of the realities of student debt crisis.
 
If you want to work towards buiilding a working relationship with CRA and Justice Canada (if they are due to become involved) then I can help you if you want that. That would be the solution to your problem here. If you don't want to pay, and do not want to generate any bilaterism here then I cannot help you. I am not saying you have to make friends and go for coffee with them though. LOL
 
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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