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: 28/November/2012 at 11:19am
Has anyone heard of something called the St. Thomas Credit Bureau? Also possibly something on their machine about "First Class Actions" or something like that.

They phoned and left a message for me to call back, but I haven't gotten anything other than their machine yet. After having been on this site for years and having gone through bad credit in the past I've been very careful to make sure not to miss anything. It seems a bit sketchy, but on the other hand I'm considering pushing up my yearly online credit score purchase (normally do it in mid-December).

Incidentally, I don't live and never have lived in St. Thomas although I am about an hour away.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 28/November/2012 at 11:47am
From google search results  First Class Actions is a division of St Thomas Credit Bureau, which is a collections agency located in St Thomas Ontario.
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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2012 at 5:18am
Some collection agencies have registered their business as CBV Collection services", which is short for "Credit Bureau Vancouver", as their legal name is, or was. also, "Credit Bureau Collections", also known as "Collectcents".
 
Some businesses in the financial sector create names that are flashy tot heir target markets. Collection agencies create names to attrasct creditors to them, and "credit bureau", "creditor's rights", "credit reporting", etc; are all catchwords that invoke thought - as in to use them for service. It is common commercial culture in advertising. See? "Common Commerical Culture". That one's free, banks. Tongue 
 
 
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 Radagast Quote  Post ReplyReply Direct Link To This Post Posted: 29/November/2012 at 2:18pm
Thanks. Turned out they were looking for someone else with a similar name but different birth date. Too bad I had to waste half of a break at work and spend long-distance money on my cell phone to find that out (and yes, I blocked my number before calling them!) ...
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