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Interest Scam, Please Help!

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Alamode View Drop Down
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    Posted: 08/December/2014 at 11:37am
Hi! I'm wondering if anyone can give some advice on an issue with the Canada Student Loans program.

I had a loan in default and had to pay $2700 to get off of Revenue Canada's hands. In June I called the Canada Student Loans Program to be brought back into the Rehabilitation Program, due to financial difficulty. I was told it takes up to 8 weeks to process my request and that they would send paper work to fill out. If I was not approved, I could appeal or negotiate a smaller monthly payment.

I expected to hear from them in early October, but never heard from them. Mid-November I call and find out they do have a record of my request, but had a *clerical error * and never processed it - my loan was still in default and collecting interest. Despite their admission of wrong-doing, Canada Student Loans is refusing to be accountable and claims its my responsibility to pay the $700.00 interest charge (and counting) that accumulated while I awaited their paperwork. I asked to talk to a supervisor and was assured they would give me a call to discuss. Guess what, haven't heard from them! 

This interest is collecting aprox $4.00 a day. My loan is my debt, but the interest is astronomical and I cannot afford it - especially seeing as just a few months ago I paid $2700.00 and am now living in my overdraft. I'm not sure what to do at this point. 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: 12/December/2014 at 3:22am

They are not accountable to anyone based on the past number of years. Davis and Henderson is like a secret government.

 

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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