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kapman View Drop Down
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    Posted: 11/August/2005 at 1:33pm
Hi. SInce I moved back to Canada from the USA in Feb., I was tryint to catch up all my student loans. However, my first year loans went to collections. One is with ARO and the other with Nordon.
Now, I had no job or money coming in, and I sent what I could once my money started to flow. Now, Nordon's is not even listed on my credit for some reason, and they haven't bothered me since they harrassed me in the USA and I called them on it.
As for ARO, they called my neighbour to tell me to call them. Now, I know that was wrong, but nonetheless, I call them. The lady there is polite but insists that I get a loan to pay off this one. I know they want their money, and that is why. BUt they threatened to have my wages garnished if I didn't pay it up now. Also, the lady said its not on my permanent credit, which I know is bogus. If its in collections, its on my record..but as usual they try anything.
Now here's where it gets sticky or iffy. I am attending college again this fall. Now because of this, I cannot get a student loan. I am on my own, and have to work, and saved up money to pay for rent and tuition, etc. I need every dollar, so that threat doesn't sit well with me. So are they blowing smoke at me? ANd if I keep sending them something, anything, do they have a leg to stand on then?
BUt here's my other issue. I did try and get a bank loan, line of credit, etc, with my mom as a cosigner. But she is retired and it doesn't help me now. I told them that, and I would have given them their wopping $1,300 I owe...that's all folks.... I do owe HRDC or Canada Studen Loans themselves $7800 and I have to pay $200 a month, but I am doing that by the way..not a problem.
BUt now they are deadlining me by Monday to get a Citifinance loan. I can't get loans for one, but my mother will NOT sign a finance company loan as their interest is soooo high..I don't blame her. Yet, ARO is insistant I do that or I will be sent to an arbitrator.
Now what should I do? SHould I tell them to send it in writing? ANd should I just keep sending a payment of some sort each month? ANd what does that do to my credit rating? ANd I need a recorder for these conversations probably? They are good these collectors, that even I get outwitted sometimes.
Also, I am taking Stationary Engineering..as I told them..even in one year, I could be making enough coin to pay off all my loans quick...and I can't pay too much because I am attending school..well..surprise..that didn't matter to them.
Can anyone enlighten me quickly? Its Thursday now, I have until Monday? What should I do????
Please help....
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 13/August/2005 at 2:23pm

You asked:

"So are they blowing smoke at me? ANd if I keep sending them something, anything, do they have a leg to stand on then?"

There is no way to detemrine this without first knowing what you owe, who you owe, and what advantages the lender has in regards to litigation. For instance, legal action will cause the debt to survive for a longer limitation period. Or, the amount of the debt is sizeable enough to warrant legal action to secure the lender's long-term best interest.

Secondly, borrowing from a high-risk/interest finance company is not a good idea. If your mon is qualified to co-sign, then this should be done at a bank for a reasonable interest rate.

The collection agency can't sue you because you will not borrow from a high-interest loan shark. The ageny can sue you if you are not willing to cooperate - or are not paying the most that you can. Sometimes, agencies are able to prompt legal proceedings by making it "appear" like a particular debtor is not cooperative or acting in good faith. Fromn what you are desribing, you are certainly acting in good faith.

 Fear installation is their objective. They cannot sell you something if you are not buying. The only problem is knowing if it is real or simply fiction. Some say it ids fiction when it is actually real. So, no one here can tell you if or not you will be sued.

 If I intervene and advocate on your behalf, you will be safe. That is for sure. If you would like to become a client, feel free to contact me. Otherwise, Iwish you the best of luck!

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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kapman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kapman Quote  Post ReplyReply Direct Link To This Post Posted: 13/August/2005 at 2:31pm
Thanks for your reply Johnny. I did post the amounts I owe, etc. And just in case, it is $1300 I owe ARO. I do know that I am intending to send what I can afford each month. I am now jobless, and looking in the area I am attending college in 2 weeks. Also, if there is more issues, I may be contacting you about what you're rates are. As money IS tight for me, especially going back to college without any student loans and trying to make ends meet by working on the side. But, if I need to, I may be asking for your help anyways.
I am just leaving them a message that my mother will NOT cosign on the finance loan and should I tell them to just contact me in writing from now on too? ANd, if I need legal help, who do I contact? How, by e-mail or phone? And can you suggest or estimate to the rate you charge?
Thanks for your response again, I appreciate it a great deal!
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kapman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kapman Quote  Post ReplyReply Direct Link To This Post Posted: 13/August/2005 at 2:34pm
Hi Johnny, thanks for your reply. I owe ARO $1,300. I am not getting a finance loan and will leave them a message to that knowledge. Also, I think I should just tell them to contact me only in writing.
Now, I am going to school in 2 weeks without a student loan and I have to work to make ends meet. Does this qualify as hardship? ANd finally, with this financial woe in mind, who do I contact at your office about help if I need it? ANd can you or someone give me an estimate for your services?
Your help has been greatly appreciated..thank you again.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote creditloss Quote  Post ReplyReply Direct Link To This Post Posted: 18/August/2005 at 6:52am
You can tell them to contact you in writing, and if they continue to harass you after tell them that they are violating the Fair Trading and Consumer Protection Act.
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Johnny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 18/August/2005 at 8:46am

Hi Kap,

 Contact me if you wish. I can't give you any guidance or price until I know for sure what needs to be done.

 Loss,

 1. If collectors were prohibited from calling a debtor each time they receive a letter from the debtor demanding no calls, then their industry would simply collapse.

 Harassment is a violation of the Fair Trading and/or Collection Agencies' Act. If the ministry issues a letter to the agency to cease all verbal communications until further notice is given, then this is different.

 Collection agencies receive thousands of these letters from people. Who really wants to listen to a debt collector get all funky onthem over the telephone anyway? Unless there is a complaint being investigated by any given provincial ministry, then these letters are usually disregarded.

Lastly, it is common knowledge that rules are broken all of the time. The Provincial Ministries across Canada are responsible to police these private third-party organizations. In lots of cases, complaints are filed just because someone's phone rings and there is a collectore on the other end. That alone is offensive to many people. Unfortunately, it is not grounds for a complaint regarding a violation of any act.

Most complaints of harassment that occur is usually remain unsolved or are resolved without incident because the Ministry cannot prove it happened. If you lodge a complaint of this nature, you have to prove it. You can rest assured that the offending collector is not going to leave any footprints in the snow leading to any evidence that can be used against him or her.

Collectors know how to dodge complaints in the modern world of their industry.

1. They refrain from inputting any harmful information in their noteline entries.

 For instance:

A collector may call you and threaten you with the most unreasonable and unethical action - and even go as far as calling you bad names to prompt you to respond aggressively. The more aggressive you are, it fuels their fire, so to speak.

You file a complaint based on this harassment. The ministry contacts the collector and agency to get their side of the story. The collector is approached by management to repsond to your accusation (allegation at this point). The collector says, "

"Boss, I did no such thing! All I did was call this person and ask him/her why no payment is being made - and what he/she is willing to do to resolve the matter. This debtor suddenly became very irate and started screaming at me! All I did was end the call because the debtor would not calm down and I didn't want to aggitate him/her eny further".

Meanwhile, this collector is standing behind the line now grinning through his or her teeth.

The burden of proof is upon the person who owes a the debt in most cases.

 Johnny

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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