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.


  New Posts New Posts RSS Feed - Harrassment or legitimate collections?
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedHarrassment or legitimate collections?

 Post Reply Post Reply
Author
jalynmac View Drop Down
Newbie
Newbie
Avatar

Joined: 28/November/2013
Location: Nova Scotia
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote jalynmac Quote  Post ReplyReply Direct Link To This Post Topic: Harrassment or legitimate collections?
    Posted: 28/November/2013 at 3:46am
I am aware that ignorance is no excuse, but I honestly thought that perhaps my loan was written off.  I am new to this so I do not know the collection procedures. 

I found this forum googling a phone number that keeps calling me claiming I owe Royal Bank for student loans.  I do not know how they found me but they call my work, home, and cell phone daily.  I told them they have the wrong person because I'm truly unsure if this is my debt, but they keep calling anyway.  They ask to confirm a few details like my date of birth and SIN which I never tell them.  Certain facts add up don't get me wrong, but I'd like to hope that my credit report is correct when it says that I am paid and in good standing with Royal Bank.  I know it can be wrong just as easily as anyone but I'm hoping! 

My first loan was in 1999, I only went to school for one year.  Collection was NEVER attempted after my first application for interest relief.  Not once.  Perhaps they lost track of me when I moved, I don't know.

Question #1:  I am pretty strapped for cash, I barely make ends meet right now.  Is making an arrangement possible or pointless?  I mean strapped as in $20 a month MIGHT be a possibility but even that is pushing it.  According to them I owe around $11k I think.  I am fully prepared to go bankrupt and I know I can due to the age of the loan in addition to my existing debt load, but I can't afford to lose my house.  My mortgage is cheaper than any rent out there and I would be screwed if I lost it.

Question #2:  If I continue to ignore there calls, what happens?  Can CRA really intervene and start garnishing me?

Question #3:  How does my credit report state that I am paid and in good standing yet these people keep calling?  Who has the onus to prove that I have a debt?
Back to Top
Sponsored Links


Back to Top
administrator View Drop Down
Admin Group
Admin Group
Avatar

Joined: 25/January/2003
Points: 1798
Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 28/November/2013 at 6:03am
First of all, until you establish what this is about, do not agree to anything.  If you never paid the loan it would not have been forgiven or written off, although the terminology used when sent to collections is confusing.   It used to say on your credit bureau something like 'written off'   but all this meant was that it was sent to collections.

A further complication is that in that time period you might have had a federal and provincial loan....

But here's some good news. If you have not acknowledged the loan or made any payments, the loan could be statute barred.   Read up on the posts in this forum.

http://canadastudentdebt.ca/forum_topics.asp?FID=90&title=collection-of-old-stats-barred-loans

Even though the loan may be stats barred they may still try to collect it, but if it is stats barred that can be stopped.

Read up on what you can but in no way should you make a payment or acknowledge the loan. Doing so will cause you to lose your statute barred status.  They should not be calling you at work. 

There is also info on this page about collection agencies...
http://canadastudentdebt.ca/collectionagencies.asp

You might also contact Johnny at CFW Group http://cfwgroup.ca do get him to do an assessment of the stats barred issue. He charges fees but they are reasonable, especially in light of the stress this can put you under.

Let us know how things go.  

Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.