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If you need help...

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Category: Immediate Attention and Info!
Forum Name: Urgent Help needed - Post here!
Forum Description: In a student loan crisis? Post here for help! Members! Watch for posts and will help out!
URL: http://www.canadastudentdebt.ca/forum_posts.asp?TID=3393
Printed Date: 13/December/2019 at 8:49pm
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Topic: If you need help...
Posted By: administrator
Subject: If you need help...
Date Posted: 14/March/2006 at 4:14am
If you need intervention assistance, ie help getting collection agents off your back or help with a settlement, Canadastudentdebt.ca recommends contacting John Leblanc at http://SolveStudentDebt.com%20%20" rel="nofollow - SolveStudentDebt.com   There are fees, but they are reasonable and worth the peace of mind.

John is the most knowledgable expert I know who can help. You can also read testimonials in the Recommended Advocates section.

Mark O'Meara
founder Canadastudentdebt.ca



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Administrator

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Mark O'Meara




Replies:
Posted By: Newfie Girl 78
Date Posted: 26/June/2006 at 5:59pm

I was wondering that i recently got a house due to paying more for rent that what a mortage would cost. I could not do this myself my mother co-signed for me and she has good credit. I am a single mom of 2 children ans is working, but of couse only relying on one income it is very difficult. Also, i live in newfoundland. I have my federal student loan that went into collection on nov.2, 2001. I heard that once 6 years are up this is written off. They have asked for settlement of 4000.00 on the whole loan of 8000.00. Since december of 2004 i have been making steady payments of 25.00/month. They called me the other day and stated that i would either pay in full or go for the settlement, i could pay 25.00 for 6 months but they stated that they would not offer the settlement again and that once the 6 months is up that i would have to pay the loan in full, or they will garnish my wages, put a judgement and a lean on me or even possible sue.
I am afraid that they will take my house are they able to do this? Should i pay the payments or will it be written off in this comming november when it has been in collection for 6 years.
 
PLEASE PLEASE


Posted By: Mad4Brit
Date Posted: 26/July/2006 at 7:44am

My husband has an outstanding Canada Student Loan which went in the hands of a law firm in Ottawa.  For the past two years he has been making payments (minimal) towards the oustanding loan.  We have recenlty applied and been approved for a 2nd mortgage on our house to clear up some debt and do renovations on our house.  It turns out there is a Writ of Seizure and Sale against him registered on our house for this debt.  Which means we cannot register the 2nd mortgage because he has an execution against him.  We attempted to offer to settle the debt with this law firm for about 1/2 of what it is and now they are giving us the run around saying they need to approve the "compromise offer" with their client (the government) and it could take 60-90 days.  Does anyone know if you make an offer do they have to accept it?  I have read on this site a few people have been given an offer by the collector of the debt if they pay it by a certain date (which seems to be relatively quick).  Does it not work if the debtor is making the offer???  We want to clear this up ASAP so we can get the 2nd mortgage...does anyone have any advice.  Thank you



Posted By: ZandreBean
Date Posted: 24/January/2007 at 12:13pm
I just settled my student loan- NCO (UHG!!) I owed $27000.00 I offered them $9000.00 They came back with $12000.00 I counter-offered back $10.000 and they took it, under the condition that it be paid with transfer within 1 business day. You must have the money accessable (good thing for parent help).

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Zandre


Posted By: jeter2
Date Posted: 07/February/2007 at 8:16am
Hi there,
 
I have a student loan however my question is regarding a different loan.  I need to know what they being collection agencies can and can't do.  Is it true that if you offer to pay a certain amount every month they can't refuse it??
 
 


Posted By: rodent
Date Posted: 19/February/2007 at 8:08am
I'd like to know the answer to this one too?


Posted By: Johnny
Date Posted: 19/February/2007 at 12:16pm
Who do you owe, how much, and what level of income do you earn?

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kpuddicombe56
Date Posted: 22/February/2007 at 2:33pm
hi;
I have a question and I dont Know if anyone can answer it for me, I went to college from year  1998-2000 and tonight I got back a official receipt saying that the interest paid on my student loans was 300.00 that I had paid them The principal balance is 13,094.53 I was wondering if I would get the 300.00 back


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kimberly Puddicombe


Posted By: Johnny
Date Posted: 22/February/2007 at 5:57pm
No. You can claim that amount of interest paid.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kpuddicombe56
Date Posted: 23/February/2007 at 5:03am
was that message for me johnny i have never posted anything before

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kimberly Puddicombe


Posted By: Johnny
Date Posted: 23/February/2007 at 6:34am
Yes, it was intended for you.

You can only claim the amount of interest you paid as an expense, which will help you at tax time. It does not mean that you will recieve that amount as a refund.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: snarfuffle
Date Posted: 02/March/2007 at 12:13pm
Hi,
 

I've tried to contact John Leblanc at CFW and haven't recevied a response after multiple attempts.  I really need his help and  was wondering if anyone knows how to contact him?

 

Andy

 


Posted By: administrator
Date Posted: 02/March/2007 at 4:06pm
www.Cfwgroup.ca his contact info is there... Are you sure you're dialing the right number?

Mark

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Administrator

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Mark O'Meara



Posted By: snarfuffle
Date Posted: 02/March/2007 at 5:33pm
Hi Mark,
 
I get the answering machine and have requested help through their website multiple times.  I don't know if John is around but if you can get a hold of him for me that would be great!
 
Andy Ally
 
 


Posted By: administrator
Date Posted: 03/March/2007 at 5:51am
Not sure whats happening... I'll send him this post...

Mark

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Administrator

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Mark O'Meara



Posted By: aim-hye
Date Posted: 03/March/2007 at 8:29am
How is that possible?! I just offered 70% of my CLS of $6500 and they won't accept it unless I provide all the information in the world including tax returns for the past three years, and if I refuse they will pursue legal action. Why is it that some people get these offers and others have to struggle along and worse, get bullied into paying the full amount, no reductions. I've been paying for more than 7 years and I'm pretty sure I've paid way more than what they say remains. What gives?
 
Also, does anybody know about a loan going from the collection agency (Accounts recovery corporation) back to Canada Revenue Agency? I filed a complaint with someone at 1-800-667-0135 who just said "complaint department", and I've never heard back on this issue. They requested that I send my settlement offer to them and they would forward it because the collection agency had not. Now it appears I'm dealing with CRA directly and they suggest legal action will be taken. I'm trying to do the right thing and all I want is a break after 7 years of paying through the nose.


Posted By: Timoteo
Date Posted: 03/March/2007 at 9:53pm
Hello,
I spoke with a credit counsellor about collections agencies during a session regarding my loans and was given a fact sheet from Business Practices and Consumer Protector Authority of BC (BPCPA)- their #s are:(604) 320-1667 or toll free at 1 888 564-9963. I have also been advised by a few folks to tape all calls (something the fact sheet also recommends)with collection agencies and to let the caller know that your conversation is being recorded. And too, there is a book called Your Guide to Canadian Law(published by Fitzhenry & Whiteside) that has a blurb on student loans (right after their blurb on collection agencies!) My copy was $24.95; I'm sure a copy is also at a library.
Good-luck,
In the same (leaky)boat,
Tim


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tim


Posted By: Johnny
Date Posted: 04/March/2007 at 5:17pm
You do not have to tell the other party that the call is being recorded.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: NoEnd
Date Posted: 27/March/2007 at 4:10am
Hi~  I'm not in Canada, but I've been getting these bogus(?) "Social Development"  statements lately.  I know the phone number is for the credit agency, not a government office.  I really want to know why the payments I have sent them for the past 3 months are NOT reflected on this statement.  That's a couple of thousand dollars unaccounted for, as of March 2007!   Argh!   I've been through hell with these people, as have many others, I'm sure. 
 
 How can I get the truth about how much I owe??? 
 
 The interest is being tacked on every day, and they're saying I haven't paid in months, which is not true. The cheques I sent were all cashed, made out to the Receiver General of Canada!!


Posted By: frustrated-guy
Date Posted: 27/March/2007 at 6:07am

possible suggestion:

write the federal auditor general and ask for an accurate statement of account the shows the actual amount owing.  Tell the Auditor General that you get statements that are wrong and not complete from a non existent department (there is no social development canada, only HRSDC).
 
Here is how to contact the auditor general
http://www.oag-bvg.gc.ca/domino/oag-bvg.nsf/html/menue.html - http://www.oag-bvg.gc.ca/domino/oag-bvg.nsf/html/menue.html
 


Posted By: Johnny
Date Posted: 27/March/2007 at 7:52am
1) Who did you send the checks to for the payments?
 
2) Did you call Canada Revenue Agency to find out if your payments were applied?
 
3) If you have paid money over a course of time, and the government is claiming you have not and you have proof that you did, then they are responsible to make the adjustments. If you are paying interest on an incorrect amount and the government does nothign to correct it6 - this is accounting "you know what".
 
Johnny


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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: NoEnd
Date Posted: 27/March/2007 at 7:00pm
Thanks for your quick advice.  I'll look into the Auditor General/Revenue Can., but the checks were sent to Allied International Credit Corp.  Recently, the statement I received was not on any letterhead - it was just a regular homemade printout and did not look professional at all!  (Last year, at least they had Allied letterhead paper.)
By the way, how would I be able to tell the difference between an AUTHENTIC government statement and just a "social development" write-up??  Can I request a written statement of my student loan payments from Revenue Canada??


Posted By: Dada
Date Posted: 16/May/2007 at 9:45am
I have a student loan that was sent back to the federal depart in 2005 and during the year 2006 one collection agency ARO claimed that i need to pay them 2500 for the intrest on the student which was $1300, which i settled the payment for $150/month after 2 months they ask another guy, which asked me to pay off right a way, harass me on the phone non-stop, forced me to borrow money from wells fargo with intrests rate 32%, each month i need to pay $100 for that loan, since that they didnt call me, i thought nightmare is over, In march 2007, another collection company COLLECTCOM CREIT called me again said that my student loan is due, and forced me the last $175 from my salary each month to pay them back, after i pay for 2 months, they asked for auto transfer from the back, then i ask them to sent me a copy of the statement which i am paying the right account or place, make sure this is not a scam, but they refuse to, and threaten me that they will take 33% of my pay cheque every time, ever since then they keep calling my work place to harass me. Today my manager picks up the phone and the collection agency talked in a rude tone and harass my manager too, thanks to that phone call, i now unemployed, i wonder what i can do. Please can anyone help me? And can they really allow to take money from my pay cheque?


Posted By: BOOS
Date Posted: 29/May/2007 at 9:49am
Hi There,
I have a problem, my husband has an oustanding dept with his student loan...We have been dealing with NCO Financial out of edmonton. We have been making regular 100 a month payment now they tell me today that we need to get a loan right away or they will grnish my husbands wages at 80% we can't afford for that to happen we have a 4 year old son.. any help would be appreciated. Thanks.


Posted By: Elizabeth
Date Posted: 29/May/2007 at 2:25pm
I would like to know if the government can make you sell your property (house) in order to pay your loan?  My friend is paying his loan, however, only the provintial.  Know the Federal wants payments, can they force him to sell his house in order to re-apy loans?Cry
 
Also, his loan has more than 10 years can they still hunt you? He also is paying montly payments to collection agency.Dead
 
 
 
Let me know.Star
 
Thank you.
 
Lis.
 


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Nothing in Life is to e feared. It is only to be understood.
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Marie Curie.


Posted By: Johnny
Date Posted: 05/June/2007 at 7:12am
The government of Canada can make you do whatever they want you to do it seems. If your friend owes moeny to government and they were to sue him/her, and there is property owned by your friend, then a lien will likely occur.
 
Johnny


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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: BOOS
Date Posted: 12/June/2007 at 5:34am
Just wondering if someone could help me out on this..


Posted By: Johnny
Date Posted: 12/June/2007 at 10:43am

If you need help, call or write to me.

Johnny


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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: BOOS
Date Posted: 18/June/2007 at 8:26am
Just wondering about a number so I can get in touch with you..Thanks so much..


Posted By: Johnny
Date Posted: 18/June/2007 at 10:48am
You can contact me through http://www.cfwgroup.ca - www.cfwgroup.ca

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: Elizabeth
Date Posted: 20/June/2007 at 4:19pm
Hi:
 
Thank you for relplying to my question.  Does he has to go to court first?
 
He has offer them to pay and sent a 50 dollar cheque to starting paying. But they seem not to want it.  They have given him date line of this coming friday by 2 oclock or else to aske his lawyer if he has one to contact the agency.
 
The loan is for 20 thousand dollars, from 10 years ago.  What to do? help please! Where can he go to get info and how much will it cost a session.
 
Thank you.
 
Elizabeth


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Nothing in Life is to e feared. It is only to be understood.
_____________
Marie Curie.


Posted By: insanous
Date Posted: 13/August/2007 at 9:43am
I got a grant for school many many years ago for my first year of college. I'm 34 now so I'm guessing that it was around 14 years ago now.
 
The problem is I applied late and therefore I did not get the funds in time. Yes, that was my fault! I was going to be evicted from my apartment so I had to apply for social assistance. They told me I had to drop out of school to get assistance so I had no choice and that's what I did.
 
Now about 3 weeks too late, the department at school gets my funds. I don't know if it was a check or what but I think I might of had to sign something but I recall going to an office in the shcool. The lady there told me I would get a part of the funds to cover expenses I had already paid for like over $400 in books and rent fees etc. I said something to the effect "that's great but make sure all fees are taken out and just send me what's mine to keep, i don't want to have to pay for something later". But it wasn't just fees, I recall specifically making a point that if anything has to be paid back to take it out in a sense.
 
So maybe a week or two or some time later I get a check in the mail, with a hand writen message right on the stub saying something like "here's the balance with all fees taken out".
 
I think I was a little shocked, I'm not sure how much the check was for, it could of been $2100 when I was expecting at least $600 for my books and transportation at least. But then I thought, well I dunno what I thought exactly, maybe just don't look a gift horse in the mouth. But in a way I did think they might of calculated a 3 month minimum housing fee even though I was only in clases for a few weeks.
 
Anyways, I was only about 20 years old, how was I suppose to know anything about anything! If they had sent me the money directly, and if I had paid the tuition fees myself then I would know how much I originally got and how much was taken etc etc... but I didn't handle any of it!!!
 
So long story long I guess, I got a letter saying I owed them about $1200 to $1500, I forget it's been so long. And I've since lost that hand writen message by the lady in the office. I was 20 and I ingored the letter. I moved and then I got letters now and then througout the years. The last ones didn't even have a phone number to contact. Was quite ridiculous.
 
But today I get one saying revenue canada MAY take my income tax & gst refunds. And all I've ever wanted was my day in court to tell this story. But now it's been so long, and I've lost that note, I can't blame probably the real person reponsible for the overpayment and that's the woman in that office.
 
So anyways, my question is, is there anything I can do to stop revenue canada from using my refunds to pay a GRANT (never though in a million years I'd have to pay back a grant for any reason, grants are grants i thought, can't pay back something that doesn't require it!).
 
What really bugs me is if they had let me handle the money in the first place I would of surely had some letter with it saying if you dont complete your schooling you'll have to pay back some amount calculated in some way. Probably would of been in the fine print but I read that stuff at home! Maybe it was there in the office, but at home I would have had all the time to read it versus in an office, and not wanting to take up people's time and being reassured everything will be taken care of for me.
 
What's worse is this has always prevented me from even considering getting a loan but after reading many posts in this forumn, it probably wasn't on my credit report all this time! Doh.
 
Anyways, any help would be appreciated. I'll probably just call revenue canada and bitch some people out then move to Africa and be a fugitive.
 
Pure Insanity!
 
 


Posted By: ann_kypreos
Date Posted: 21/August/2007 at 10:43am
Hi, how can I make a counter offer, or offer to reduce the debt and pay in full?
 
Two of my loans, ~ $4,500 and another for $6,500 are with lawyers (Attorney General Office in Ottawa), who advised I complete a letter of offer application, stating income vs expenses etc, but the paralegal mentioned if I have an income, it's pretty much a lost cause.
 
I also have another Ontario provincial loan with NRO (a collection agency) with principal of $9,650 and interest of $1,500 in addition.  They offered to forgo the interest if I pay in full.
 
I asked about a value of $6,000 in total to settle, but the lady on the phone, a collector who I presume works on quotas, in our conversation at the start mentioned I could apply for it through some kind of an offer, but "they" the powers that be, will likely garnish my wage for around 35% per paycheque. 
 
How can I make a successful counter offer for full settlement?  My totals are nearly $20,000 between the two collectors (lawyer, and collection agency)?
 
Thank you in advance, if your suggestion works, I'll will personally thank you.
 
Sincerely,
Ann Kypreos


Posted By: prior
Date Posted: 04/October/2007 at 5:48am
Originally posted by Newfie Girl 78 Newfie Girl 78 wrote:


I was wondering that i recently got a house due to paying more for rent that what a mortage would cost. I could not do this myself my mother co-signed for me and she has good credit. I am a single mom of 2 children ans is working, but of couse only relying on one income it is very difficult. Also, i live in newfoundland. I have my federal student loan that went into collection on nov.2, 2001. I heard that once 6 years are up this is written off. They have asked for settlement of 4000.00 on the whole loan of 8000.00. Since december of 2004 i have been making steady payments of 25.00/month. They called me the other day and stated that i would either pay in full or go for the settlement, i could pay 25.00 for 6 months but they stated that they would not offer the settlement again and that once the 6 months is up that i would have to pay the loan in full, or they will garnish my wages, put a judgement and a lean on me or even possible sue.
I am afraid that they will take my house are they able to do this? Should i pay the payments or will it be written off in this comming november when it has been in collection for 6 years.
 
PLEASE PLEASE


Posted By: prior
Date Posted: 04/October/2007 at 5:53am
If this was the federal student loan I did not think you could settle with Federal portion of student loans.
 
Could you please tell me what happened and if they did lien your home.  I am afraid they may do the same thing to me.
 
If they did let you settle, please let me know how you did it.
 
Also did you ever make any payments on the federal portion as I did not since 2004-2005 due to hardship and I hate to see what the total is including interest. 
 
Thak you


Posted By: prior
Date Posted: 04/October/2007 at 6:00am
Could you please tell me what what happened with your situation.
 
Plan on trying to get a mortgage on my own or with a co-signer and my federal student loans has never received any payments nor my provincial all due to hardship, but now I am able to put some money down for a home, probably with a co-signer but I am afraid they will take the house.
 
Please advise me on any complications I may run into with a mortgage and the federal student loan.
 
Also did you ever make payments to the federal portion of your loan in order to get the first mortage and how old was your federal student loan, and did you ever make any payments on it.
 
Thank you


Posted By: prior
Date Posted: 06/October/2007 at 3:00am
Originally posted by Johnny Johnny wrote:

The government of Canada can make you do whatever they want you to do it seems. If your friend owes moeny to government and they were to sue him/her, and there is property owned by your friend, then a lien will likely occur.
 
Johnny
 
Please help:
 
 
Johnny I have a friend in the similar position.  His step father wants to put him on his deed of the property but he is scared to do this.   If the government of Canada which I believe you mean the Crown, puts a lien on a persons home, are they foreced to sell the home  immediately or does the Crown start adding the amount of the loan along with interest until the total loan including interest is all paid off.  I can't believe the the Crown would actually take your home and put you out on the streets.


Posted By: Johnny
Date Posted: 06/October/2007 at 12:36pm
THat would be an extreme, if it were ever to happen. The best way handle this is to take preventative action. If you want help, call us.
 
Johnny


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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: drowningindebt
Date Posted: 10/October/2007 at 8:41am

I really need some advice on my student loan to make sure that I am not being "done over."  I have been paying two student loans off for the last few years and the other day I went to my bank to find out about getting a VIsa and they said that when they looked in to my information that my CIBC student loan had been listed as "Written Off."  If it has been listed as written off and I am still paying for and enduring the collection agents on a monthly basis than shouldnt my file say that it is being paid off?  When I asked the collectors about it they said as long as there was a balance outstanding that I would be listed as written off.  The man at the bank said that if I got a letter from ARC saying that I was making monthly payments that maybe there was something that he could do but until then I was out of luck.  Am I being taken for a ride?  What does "Written Off" mean?  I was told it meant that the government had it listed as finished with no payment.  I need to know if I have options.  What can I do?  Please help me.

Thank you

April St Germaine



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Up the creek without a paddle.


Posted By: Johnny
Date Posted: 11/October/2007 at 3:40am
written off means that the account is closed, and in assigned to a collection agency, or bad debt write off. All a mattr of interpretation. In the language of finance, written off means "bad debt".
 
Call ARC and ask them to give you a letter so you can get your credit card (?). THat would be the only way to do it.
 
Johnny


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: Typar
Date Posted: 15/October/2007 at 11:27pm
I would like some information as I am fighting many battles right now, and of course student loans is one of them.  I graduated in 1998 (college is a useless education, never did a thing for me ended up with same crappy jobs...just a big money scam), and the last loan was issued to me in January 1998.  Not knowing the rules at the time, I went back to college for a year in starting in september 2001, which apparently restarts that 10 year clock.  Never to this day have I made a payment, always managed to get interest relief.  In february 2007 I was told I was out of interest relief and they (Royal Bank) sent Allied Consultants after me, who incidently said I should give up my kids so I could make my payments, they were very nasty to the point even Royal Bank was disgusted.  It ended up I did qualify for interest relief, a special extended period, which would get me through until I qualified for debt reduction.  Allied Consultants in the meantime said I would not get it and I had to make a payment.  In the end I had a minor heart attack in March 2007 after receiving the interest relief.  I promptly called Allied and told them off with very colourful language, and I enjoyed every second of it.  In fact, the agent I was dealing with at Royal Bank was VERY helpfull and even told me to give Allied his name and they could call him because I DID qualify and would receive interest relief.  He also wanted me to send a written complaint ti his boss about Allied because he and other agents were so sick of hearing the horror stories about Allied.
 
Anyway, everything went smoothly and in June 2007, without a hitch, received a 50% reduction on both my provincial and federal student loans.  I finally had a monthly payment I could manage, $100 for both loans, and could apply for debt reduction again next year.  Of course things were to good to be true, and on July 1 2007 I had a second heart attack (in front of my 8yr old son) and almost died (just turned 39, is my inheritance from my mother).  I had a 95% blockage in a main artery, and was told that they call this particular blockage the 'widowmaker'.
 
So, now it is October and the doctors have said I cannot work for 6 months to a year, and when I can work again I will have to find a different line of work that is not physical, and has little stress.  I cannot get disability because there really heart conditions are not considered a 'disability' (figure that out)  Canada Pension disability is not an option because I am not out of commission so to speak 'long enough'.  There is ontario disability, which really is welfare and guess what, they put you in a retraining program, or more commonly what is known as 'workfare'.  And, I don't qualify because my wife is able to pay the bills, most of them anyway.  They don't take into consideration personal debts, like student loans, as a living expense, nor the $250 a month in drugs I have to take.  Thank God for the Trillium drug plan, still pricy though, it is still a matter of pay student loans, or pay for drugs to stay alive.
 
I had an unemployment claim going at the time, and it was put into the sick claim for 15 weeks (this is unemployment insurance).  The 15 weeks are up, and now I lose my claim (which I have paid into for years and years) because I cannot get a note from the doctor saying I am ready willing and able to work.  I can say I am, but in their words that would be fraud punishable by law which would be a fine and or jail time.  Can't even go to retraining through E.I. because I have no doctor note, effectively disqualified.  Which ironically would reset that 10 year clock even for debt reduction again next year, resets that clock too.
 
So, here I am without an income being 'Mr. Mom' at home (2yr old and 8yr old), which incidently is more stressfull than any job I have ever had, fed up with doctors, and guess who is calling?  Student Loans.  And you know, I kept in contact with them the whole time said I had a heart attack and can't make any payments, and they (agents) I have dealt with were pretty good.  Also cannot get the student loan disability because I am not 'permanently' disabled.  My Canada Loan went to ARC, whom I called after being told this by Royal Bank when ironically I had called to catch everything up (came into a little extra money) and they refused payment, said I had to call the collection agency.  This pissed me off so I bought a new BBQ instead.  I called ARC (I was pissed off) and told them my situation, and that if they wanted to take someone with a very serious heart condition and cannot work to court to let me know the date and I'd see them there.  I have yet to receive a call from ARC.  I just received a letter from Royal Bank stating my Ontario Loan was being referred to their collection department, to which I laughed as I threw it in the garbage.
 
I have no assets, my credit rating is destroyed because of a previous mistake in debt management, and of course these student loans.  Our house is in my wife's name which they cannot touch, even if I went bankrupt they cannot touch house.  But if we divorced guess who can get part of house?  We have some really stupid laws here, anyway,  after working so hard for so many years to get to the point I finally had reached getting the debt reduction on the loans and a nice affordable payment I feel as though I am going to lose out on the whole deal.  In the letter from ARC demanding the arrears be paid it also stated a new payment plan would be put in place, so I am concerned that my monthly payment will shoot up again to a level that I can't afford, if and when I can work.
 
So, here are my questions, if anyone has made it this far in my post.  What the hell can I do where student loans are concerned?  When I finally get through all this health crap and catch up all my payments will they increase my monthly payment?  Will I still qualify for debt reduction next year?  And I am really curious about this ARC thing because I have not heard a thing from them, what should I expect there, and what can I do?  I feel like a sitting duck with this.
 
Sorry to everyone for being so long, just very frustrated with everything and Student Loans are not helping any.  And the other thing too I have learned is that if your gonna get sick and 'disabled' make sure it is a damn good one because it seems a heart problem just doesn't qualify.  Go figure, most important organ in the human body.  My motto now is this 'it is only a bad day when you don't wake up'.
 
 


Posted By: JohnnyB
Date Posted: 05/November/2007 at 5:19pm

Hi. I have a student loan from 1998 and have never made a payment to it and have been watching my credit over the years.  The Royal Bank listed it as "written off" and"paid" a couple of years ago.  Now for the last couple of weeks NCO financial has been calling me asking how I would like to pay this loan of $1500! They say they have had it since 2005.   I have decent credit and get approved for credit.  There is nothing on my credit file with owing any money to NCO or the Royal Bank. They keep saying they will ruin my credit if I don't pay.  Can they do anything to affect my credit?  Am I stats barred? Has it been removed from active recovery and unenforceable? Thank you very much for any responses...!!

 



Posted By: administrator
Date Posted: 05/November/2007 at 6:20pm
Before you get any help here you'll have to explain why you never made any payments on it. Was there hardship? Remember that this site is to help people who cant afford to pay their loans.

But a couple of quick answers, your loan was written off and paid by guarantor...ie the government who will now try to collect on it. Yes they can report it to the credit bureau.

If you owe $1500 can you afford to pay it?

-------------
Administrator

-------------

Mark O'Meara



Posted By: JohnnyB
Date Posted: 06/November/2007 at 1:20pm
HI,
Thanks for the response....I did not pay it because I was injured badly in a car accident.  I was disabled medically for well over a year.  It was at the bottom of my priority list as I was recently married and had a ton of "other" bills that I needed to pay just to have a place for us and food to eat.  I was let go from my company during this and they refused to put me on dissability.  They said they would do me a favor and pay me my regular salary and did not report me as not working...very strange situation.  To make a long story short, I just stopped receiving pay and was so depressed that I failed to care about money.  My marrage almost failed at the same time.  We had to move in with my wifes parents to stay afloat in the end....


Posted By: Johnny
Date Posted: 08/November/2007 at 4:14pm
Do you need any help?
 
Johnny


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: JohnnyB
Date Posted: 09/November/2007 at 3:51pm
"Johnny"
Hi,
I need help in knowing what will happen if I continue not paying this debt...thanks.


Posted By: Johnny
Date Posted: 10/November/2007 at 7:50am
If you do not pay, they will simply come after you, or in the event that they cannot find you now, they will do so one day down the road if they can locate you somehow.
 
Johnny


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: the wife
Date Posted: 10/November/2007 at 12:03pm
Originally posted by BOOS BOOS wrote:

Hi There,
I have a problem, my husband has an oustanding dept with his student loan...We have been dealing with NCO Financial out of edmonton. We have been making regular 100 a month payment now they tell me today that we need to get a loan right away or they will grnish my husbands wages at 80% we can't afford for that to happen we have a 4 year old son.. any help would be appreciated. Thanks.
 
My husband is dealing with the same company NCO Edmonton  and they have asked me to Max out my Credit card or get a loan from family, my husband just got a new Job that is commission based and they say they can make him get a salary based job instead he has been looking for work for a few months and loves his new job, can they do that?
 
can they come after me as his wife and insist i get into more debt?
 
I also have a 3 year old and a 2 month old so am unable to work
 
last week they said we could pay $450 a month now they are saying that because i can pay it on my credit card that the offer is no longer available and we must pay in one lump sum or face arbitration we are willing to pay the $450 even though it means hardship for a few months
 
please help!!
 


Posted By: Johnny
Date Posted: 10/November/2007 at 1:05pm
Who do you owe?

-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: the wife
Date Posted: 11/November/2007 at 6:23am
it is for a student loan so HRDC


Posted By: the wife
Date Posted: 11/November/2007 at 6:24am
it is now at NCO edmonton


Posted By: lilbug
Date Posted: 15/November/2007 at 7:00pm
What a lot of great information on here....
OK here is my story....
In 1999 I recieved a student loan in NB in the amount of around $6000, finished my course in 2000 and had to start repaying my loan 6 months after my course was done.  I had interest relief and did pay for a while however I was living on my own working part time and just could not afford to continue paying the student loan.  I ignored the calls for sometime because I just couldnt tell collections I couldnt pay anymore I had had enough of them calling me and yelling at me and calling me at WORK!!!  (when one guy called me at work one day I asked him not to call me there anymore and he said something rude then I said its not like its YOUR money Im not paying back, and he replied, "you've just made this personal and hung up on me.....)
 
Anyway my whole point to this message is this.....I have no idea where my student loan is now (other than collections but I dont know what company its either with NCO or CBV) I would like to get another student loan (oh and im now living in ON) and go back to school, however with one student loan in collections right now I know I cannot get another one at this time.  What are my options?  Am I able to reinstate and pay back my previous loan and then get another one? Or will they allow me to get another loan and just add it onto the last one? 
My problem right now is that I am on Mat leave and only bringing in $786/month and even when I go back to work I'll only be bringing in about $1500.
I would just like to know if anyone could give me a direction that I could start in. I REALLY want to go back to school more than anything in the world.  I just now wish I had not been so immature back then Cry
HELP!!!!!!!!!!!!  PLEASE Smile


Posted By: jc77
Date Posted: 28/March/2008 at 2:09pm
I am hoping someone can help me out here...
 
I graduated in 2006 with a Canada student loan of $8,500 (i also have a student line of credit and provincial loans but these are under control).. long story short i have defaulted on my NSLSC loan and they sent it to CRA, or HRSDC. I contacted HRSDC and made payment arrangements to repay my loan at a rate of $140/month at 5% interest (ironically lower that it was with NSLSC)- but they did mention that my tax return would be taken to repay the debt. i contacted CRA to see if there was anything i could do to avoid this, they of course said no and that a lien was placed on my account. However i recieved my notice of assessment stating that my return would be deposited into my account, and it was,all of it. I then (3 days later) recieved a letter in the mail stating that i am in default on a loan and that my income tax "may" be taken.
I am not sure what to do, did i slip through the cracks? or will they come after me in a few months for the money? if that's the case will they immeditely garnish my wages, or give me a chance to pay it back? I haven't touched the $$ yet..
any advice would be great, i could really use the extra cash to get my higher interest loans in check.
 
 
 
 


Posted By: saskguy
Date Posted: 10/April/2008 at 12:02pm
I have a substantial Student loan debt that I've always kept in good standing. I'm a PhD student so I'm been enrolled full time for years. I just started a new program in the US and live on a scholarship. I sent my Confirmation of Enrollment form to NSLSC in October and it disappeared into the mists. I kept a copy.

I waited for a response until, while home for Xmas, I received notice that I'd missed a payment. I sent quick letters to NSLSC and my bank asking what was up. No reply. More, angrier letters to me from both.

So I faxed NSLSC in early Feb (I only deal with them in writing cuz they lie, etc) a full letter of inquiry and complaint, with my copy of the properly completed Confirmation of Enrollment, and added CC: MP and MLA at the bottom.

Like magic the original document suddenly appeared, 4 months after being mailed. Only they rejected it because I've apparently been in school too many weeks. I checked, and fair enough I have. Doctorates take forever.
They included no instructions on how to proceed, options, etc. I faxed them for Interest Relief forms so I can at least create a zone in which we can resolve this mess, which is totally their fault. Hasn't arrived yet. I'm about to write again. Meanwhile more angry letters to me and now one from a collection agency. The only bonus is tey only have my permanent address, not my residence or phone number, so it's not continual harassment.

Question: What options are available to me? I'm about to send complaint letters to elected reps, and the relevant Fed/prov ministers. I just send this same note to John's group too.


Posted By: Johnny
Date Posted: 11/April/2008 at 2:00am

Callme and I will see what you can do.



-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: saskguy
Date Posted: 11/April/2008 at 3:03pm
OK, what's a preferable day/time/number for you? I have the 866 for CFWG and I sent info via the Contact form. Thanks for the reply, btw.


Posted By: sccole
Date Posted: 22/April/2008 at 4:58am
I received a call from NCO financial yesterday that has really stressed me out.  I had gotten a Canada Student Loan almost 15 years ago.  To make a long and stressful story short, the bank that I had the loan through sent me to NCO for the amount that they had given me under my student loan which was at the time under $2000.00.  I was never contacted by the bank prior for payments and the only time they did call was to get my name and then cold transfer me to NCO.  After telling them what I could afford to pay which was only $10.00 because my husband was the only one working and I have 2 small children to take care of, they said it wasn't enough but I could make the $10.00 a month but it wasn't enough.  I made the payments when I could but my husband doesn't even bring home $33,000.00 a year for a family of 4 so one month I took the money and put on the power which I had no choice.  Every day for months I got 1 or 2 calls a day from NCO's automated system.  Yesterday, they changed their tatics and called with no 800 number.  When I answered, this guy says he's with NCO and if I don't pay the amount which he says is over $3000.00, he's bringing me to small claims court.  I tried to reason with him telling him my financial situation but he just keeps saying over and over to pay the money or I'm going to end up in court.  Then he says to get government assistance if I'm so poor.  Then he suggests I put the children in daycare and go out and get a job since I'm not disabled.  I told him it was not possible to which he replied that he is giving me 48 hours to get the money from somewhere even to get it from family members or he will escalate. I asked him how much monthly was he looking for.  He said $100-$300.00 which is not even possible for me to squeeze out of my husbands' paycheck.  He said that's what he wants monthly or the full amount and I have 48 hours.  I'm so upset and don't know what to do or if I have any options.  My bank account still shows an amount for the loan of $2000.00 so where's the $3000.00 coming from? I can't get that much money or even come up with $100.00 a month for it.  He told me $50.00 a month wasn't good enough even.  Can I go back to the bank and make arrangements with them instead of NCO? I really need help or advice from someone. Please!

-------------
Stacey


Posted By: Johnny
Date Posted: 22/April/2008 at 11:49pm
Who was the collector and which office of NCO?


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: sccole
Date Posted: 23/April/2008 at 12:43am
He gave his name as Bal,  his phone number and extension and also a fax number. The fax number was a 604 area code which google says is in BC.

-------------
Stacey


Posted By: Katrina_+
Date Posted: 23/April/2008 at 7:22am
sccole,
 
In the bank's eyes, it's out of their hands now that NCO has the priviledge of dealing with it.
 
I can empathize with you about raising a family and still having money left over to make a student loan payment.  Do not ever feel guilty about putting your family first!  It's tough, but perhaps you can save little by little to put towards the loan.
 
Stick around here for support!  I hope things work out for you.
 


-------------
**Formerly known as "kwelmm"** You never know what life has in store. I was silly enough to think I did! It's all good! Life goes on!


Posted By: sccole
Date Posted: 23/April/2008 at 8:05am
Katrina,

Hi.  I actually called the bank today to see if I could clear this debt up through them rather than NCO and they told me the same thing.  I would really have done this through the bank had I been contacted by them before they sent me off to collections but it seems out of their hands now like you said.  My 48 hours are up today and I have to call that guy back and I'm dreading it.  I did get a number for the supervisor there from the bank so I'm thinking I'll contact them instead.  Perhaps I can reason with them for a sane arrangement??

-------------
Stacey


Posted By: Johnny
Date Posted: 24/April/2008 at 1:20am
If you can;t get anywhere, let me know. I can help you get to where you need to be with this.


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: sccole
Date Posted: 24/April/2008 at 2:15am
Thank you.  I called him yesterday and kept my cool and re-explained that what he is asking for is impossible.  I told him I was willing to negotiate with him to come to a reasonable and financially acceptable solution. I offered him $50 a month(which stretches my budget to the fullest).  He said it was something.  Funny though, the last time I spoke with him he said he wouldn't accept $50 a month.  Now, I'm waiting for him to fax me a paper to fill out with my finances that he wants to send to the bank so they can make me a "can't refuse" offer.  I'll see how it goes but even a "great offer" is something that I more than likely can't do.  I have no savings to take and we're just going from paycheck to paycheck.  I'll give it a shot though and let you know what happens.

-------------
Stacey


Posted By: Katrina_+
Date Posted: 24/April/2008 at 2:57am
Good luck Stacey!  Let us know what happens.

-------------
**Formerly known as "kwelmm"** You never know what life has in store. I was silly enough to think I did! It's all good! Life goes on!


Posted By: saskguy
Date Posted: 16/May/2008 at 2:34pm
OK, I left a message with my contact info on your voice mail.


Posted By: Johnny
Date Posted: 17/May/2008 at 6:50am
I will talk with you on Tuesday.

-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kimmybruce
Date Posted: 22/July/2008 at 8:52am
Hi there,
I don't know if anyone can help me here, but I'll try....
 
I had a defautled loan in 2000. When I called to make arrangements to pay in 2002, the agent offered to take $500 off the interest the had accrued and I paid the account in full. i recieved a letter stating that the account was "settled in full".
In 2005, I got a letter from the CIBC National Student Centre stating that I owed them the $500, plus the interest that had accrued on it!
I called a manager there and straightened it out, and they sent me a letter stating that I owed them nothing. The agaent, Sharon, told me it had been a mistake on their behalf, and assured me my credit rating would not be affected!
 
Today, three years after my last encounter with CIBC, I applied for a mortgage. My credit report showed a bad debt and I was not approved! I obtained a credit report and discovered that the $500 in forgiven interest (now $639) was now being called a "bad debt" and it is affecting my rating. I have all of my letters still saying that I owe nothing on this account. I called Sharon at CIBC National Student Centre and asked her to fax a letter to my bank saying it is a mistake, and I was told that they are not allowed to fax letters. She then said that she was going on vacation in "two hours", and was very rude to me on the phone.
I am now without a mortgage and I don't know what to do. Is there any further action I can take on this situation?? Clearly it was a mistake on CIBC's part, but now I'm the one who's paying for it :(


Posted By: irenelily
Date Posted: 22/July/2008 at 10:17am
Hello. I am terrified. I have a defaulted $10,000 Royal Bank student loan and just graduated last year but I am seriously underemployed on-call and in the US and back in school getting my teaching certificate. I sent my US tax returns to the Royal Bank last year showing my income for my teenage son and I was $5000 total. They kept sending more forms saying I needed more proof, etc or I had used a wrong form and then said I was too late to tell them I was in school and I needed to be in Canada for loan payment relief. Then they placed it in collection.

A horrible woman calls 3 times per day, 7 days a week. My son has Grave's disease, a life-threatening illness, and the calls shock and humiliate him and make his heart race. We try not to answer but she changes phone numbers that she calls from. She told me I am pathetic and should hate myself for being such a low life and not paying my debts. She tells me to shut up, that I talk too much and that is probably why I am in this position, because I talk too much and don't know how to listen, that I lack humility.

I offered to make monthly payments and she refused to accept them. The whole $10,000 or nothing. She threatened to have my wages seized. I told her they are too low to live on for two people already, but she said it would be done regardless and I would be humiliated at every job I went to. She will go through US channels.

She pushes me to get a loan. She knows my family in Canada is dead but asks me every day and night to get a loan from a friend or anyone. I tried a Stafford Plus loan but I don't have good enough credit for it. I found a co-signer with a high income but medium credit. They rejected her. I told Carey I am trying but she said it isn't good enough and I should have thought of this when I defaulted on my loan. I have told my other friends but they have not offered and I know they don't want to co-sign. My Stafford loan only pays my tuition and books, since I am studying primarily online + practicum.

Carey yells at me, humiliates me, and insults me. She uses the word "pathetic" in every conversation. I used to hang up but she said if I did not work with her and treat her respectfully she would destroy my life with garnishing my wages and would do it that day. I plead with her to let me send payments, but she refuses, saying I can never be trusted again with payments.

I told her I was trying to get a Sallie Mae Plus loan for school and could send some of it, but she said she would stop me from ever getting another student loan, since I was too dishonest to ever pay it back. I tell her she is abusive and does not want me to repay, but only wants to insult me, and she answers with, "How dare you?" She says my morals and social standing are so low how can I ever accuse her of anything, when my disgusting behavior placed me in this position.

Today I told my son not to pick up the phone anymore. Her latest voice mail says she has no choice now but to go forward with legal proceedings, since I am not returning her calls. My telephone company does not have a blocking or legal plan for this kind of thing. They said I need to go to the police. The police can't do anything because the calls are from Canada. I am trying to find a way to block the calls through my telephone itself and identify the ones she places on her "private caller" lines. She is a pit-bull.

I am scared and exhausted. I will send payments to anyone but her. I don't trust her. I feel like I am dealing with an blackmailer. My blood pressure has risen to 220 over 131. I am on the highest strength medications and it still won't go down. The American debt relief and consolidation companies said they can't help me because it is a Canadian student loan. They only deal with the US.

A friend suggested I go online and find a Canadian company that can help me. I found this website. I am still a Canadian citizen. Help.


Posted By: Johnny
Date Posted: 22/July/2008 at 1:23pm
Hi irene
 
It was a pleasure talking with you this evening. I will fix this problem for you as discussed. No worries.
 
Johnny


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: administrator
Date Posted: 22/July/2008 at 6:04pm
Hi Irene,
Glad you found this site. You're in great hands with Johnny's help!


-------------
Administrator

-------------

Mark O'Meara



Posted By: ATSW
Date Posted: 12/August/2008 at 12:43pm

I just got a call from CBV today.  The lady said they recently took my account from CBCL and ask me to pay off the debt which I making monthly payment to CBCL since 2004.  I've never receive any documents from CBV and dont know why she call directly to my office today.  I'm payment $157 each month since 2004.  She said she got all the post dated cheque from CBCL and thinking about mail them back to me.  She also said the deadline for me to pay off the debt of $19000 with a discount of $15000 must due on Aug 29.  She asked me to get money from all of my credit or credit line.  I said I would prefer to fill out the financial form and continue making the monthly payment.  She told me I have no option anymore.  Can anyone help me out with this and tell me what should I do?



Posted By: Johnny
Date Posted: 13/August/2008 at 12:14am
The problem is that a ne agency has been assigned. Scotiabank rotates their accounts with collection agencies every to months (or thereabouts). It s major confusion for student loan borrowers, especially for those who have ssued post-dated cheques to the previous agency and ere ona  repayment schedule.
 
You want me to fix this for you? If so, call me.
 
Johnny


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kool123
Date Posted: 24/August/2008 at 11:50am
hii there ...i have a student loan of 12000...which i defaulted ...now is in collections...i have been getting calls from tcr ....i have the following questions
1) what is the best way to resolve this issue
2) what are the consequences that i am facing since its a fedral loan
3) what if i dont reside in canada does it make things any diffrent??
 
i would really appreciate ur help


Posted By: Johnny
Date Posted: 24/August/2008 at 1:31pm
See my reponse to your other post.


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kool123
Date Posted: 25/August/2008 at 11:43am

hi johnny

i left a mssg on your vm today


Posted By: Johnny
Date Posted: 25/August/2008 at 1:25pm

Ok. I will contact you shortly. Tomorrow sometime.



-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: kool123
Date Posted: 27/August/2008 at 2:21pm
hi john....i was waiting for your call ...if u want tell me the best time to call u and ill call


Posted By: ATSW
Date Posted: 28/August/2008 at 4:20pm

I received another call from CBV today who told me he is from the settlement department.  He told me he will look after my case from now on.  He said since Nova Scotia dont want to spend too long with my account coz they need to pay fees to collection agency so they want to get the settlement asap.  After further discussion and I told him I cant afford the pay the full amount, he ask me to send him a Hardship Financial Request and propose an amount for settlement.  He even taught me how to write the letter and how to state my poor situation so that he can fill a suspection for me and propose to Nova Scotia.  Does this guy really trying the help me to settle the account? Is there really has such thing as Hardship Financial Request?  Do I need to send this request?



Posted By: Johnny
Date Posted: 29/August/2008 at 12:56am

Collectors try to steer you to do what they want you to do. It is a "puppet" tactic. All collectors want to do is earn their commission. That is their primary objective. If he truly wanted to help you, he would smply reassure you that he understands your financial condition, and present the hardship demonstration for yo that would illustrate that you cannot pay. You see hat I mean here?



-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: Johnny
Date Posted: 30/August/2008 at 2:32am
Kool,
 
Email again using the contact us tab on our website. Your previous one did not come through (?).
 
 


-------------
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: dragonfire
Date Posted: 16/September/2008 at 8:27pm
Hello all! please read my long and drawn out story(which is probably similar to most!) and if you have any advice I would greatly appreciate any input as I feel like I'm about to become a squatter on mountain and cease to exist on paper!!! I've been out of school for 4 yrs now and in the beginning my naive self thought i was on the path of evolving to become a well paid, productive CANADIAN citizen. I got a job in the field i was educated but of course, started at the bottom which only made ends meet so like every other student out of school in the same position i applied for debt relief when the allotted time of non payment became due .That is where the nightmare began. Numerous times I have sent all paperwork requested  only to hear that the documents had not been received.(BTW funny how every time you call, someone new is on the other end despite an extension number you may have from previous calls which in turn  results in explaining your story yet again) Not once did I receive a call in the next 9 months regarding status on lost paperwork, instead I received calls regarding threats of default. Again...explain my situation with a promise that a phone call regarding status would soon come. This banter went on for another 6 months and then nothing..no calls..no letters in the mail..just nothing..I assumed (aside from being naive, was my second mistake)that they had rectified the situation so I carried on with life, raising my child and trying to make ends meet with high hopes of a better future. 5 months passed with no letter and then I, along with neighbors and friends, were bombarded with calls from a collection agency for my provincial loan and a division of the federal government dealing with collection. The agents were rude(and that is being very kind) and even threatening. Again I explained my plight and honestly thought that all was taken care of and vowed that my intention to pay any debt I had incurred would be payed but given the circumstances I was still not in a position to pay the 370 a month in interest...let alone any towards the principle. Needless to say, the provincial loan has been passed on to a "Out of province" collection agency which has nothing to BCSL (provincial loan) And the federal loan is now taking much needed returns and credits that I need to provide basics for my child. I have been met with nothing but calous disregard to any attempt I have made to play by the rules that were instructed by many individuals who gave me nothing but condratictory ways to ensure that I would not end up here. I have been employed and paying my taxes, I have done all that I was instructed to do when it comes to my loans and yet I'm on the chopping block? Not to mention the fact that even when that dream day comes and I'm in the position to pay off my debt, the interest is steadily becoming as much of a debt as the intial loan how am I supposed to get ahead and own a home and save for my childs education? I feel like I've been dealt a really crappy hand of injustice in my own country which, I might add, has no problem paying for families, individuals and students from abroad . Sorry for the long winded post but I really need advice....MLA? laywer? or just bend over and take the beavers tail???


Posted By: old hippy
Date Posted: 17/September/2008 at 12:02pm

Things don't seem to be improving very much.  After all the phone calls and e-mails, petitions and media coverage, eventually the gov't provides more money in the budget for improving the student loan system....(?)  What's happening with all that?  Same stories are being posted about those useless ***s at the NSLC.

There's nothing naive about expecting good customer service dragonfire.  You just hadn't become educated in the ways of the student loan system.  Welcome to our world and I'm sorry it's not a better place.



Posted By: Angela
Date Posted: 18/September/2008 at 10:17am
Talk to Johnny, Dragonfire. Don't know how much he can help in this case but, every little bit helps. Have you used up all our debt reduction and interest relief options? If not, I would start there. Call the student loans companies and talk to them directly.

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Dance In The Sunshine


Posted By: oldwoman
Date Posted: 26/September/2008 at 2:27am
I am absolutely STUNNED. I came across this website this morning - have been reading through it because obviously it is of interst to me personally. I don't have to relay my story because it's already posted...many times over on this site and by various posters!!! Until I came across this website I had thought I was the only one in the predicament I'm in - NOT SO!!!WHAT AN EYE OPENER!!!
I am/was a mature student - widowed with 2 children who decided because of a very bad situation with a previous employer (extensive fraud that was exposed) decided after whistleblowing and losing my job to go back to school and upgrade. At the time because of my financial situation I took out a student loan and grant. BIG MISTAKE!!! After continuing, over thee past few years, to deal with the fallout of my original whistleblowing (text book case) and many related lawsuits - I was unable to complete the program I was enrolled in. I had to abandon everything because of death threats.  Added to this fact is now I have no compete knowledge of what has become of this student loan and grant except it seems that all of it has now been in the hands of HRDC - tripled in value - and my child tax benefits - GST - income tax returns have been withheld and I am assuming are being put towards this defaulted loan. I have only worked sporadically the past 5 years and not in my line of work - my only source of income is a CPP survivors's pension and child tax benefits (don't forget I'm tied up in litigation too - had a major house fire - and was forced to sell the unfinished rebuilt house).
My present - total income is $900/month from CPP. My rent is $1200/month. I have had the creditors - some nasty nasty people after me - I refuse to talk to these @$$#@#!!! I don't even attempt. The red tape and beuracacy trying to deal with this and sort it out is DISGUSTING!!! I won't lower myself!!!
Having said that - I got a problem - and have concluded there is absolutely nothing I can do about it on my own!!!
Seriously in need of an advocate!!!


Posted By: danibaby
Date Posted: 30/September/2008 at 1:43am
Hi everybody,

I just stumbled upon this site accidentally, and it's a very good thing as I'm so confused and a little scared to be truthful.  OK, my story is quite messed up so here goes;

I took out a student loan for 15, 000 in 2004.  I didn't finish the course as they wanted me to do a 6 month internship and I was stupid, so whatever, I didn't finish that, but I did finish the theory part which I had a 94.6% average, but before you think I'm smart, read about what I did.

I then moved around the country collecting debts along the way, keep in mind I still had this giant loan and I never even went through my bank to make 1 payment.  I have no idea where it is at the moment.  So after a series of collecting debts and being completely irresponsible with my life because I didn't care about anything at the time, I moved to Bermuda for a few months, (legally) and then came back to Canada and moved to Europe, (illegally) where I have been for just over a year.  Now I have met a wonderful boy who is completely straight and wants our life together to be clean.  I agree, it's time to be an adult.  So now, I have to come back to Canada and apply for a visa to move back to France, where I currently am.  My questions are these:

How do I find out where my information is as I'd like to work something out in regards to my student loan and frankly all other debts.

Will the fact that I have been completely irresponsible in the past prevent me from moving back to Europe legally?

If I decided to come to France as a student and study here, will there be any problems as I have yet to even acknowledge my student loan?

I haven't been moving around and living it up either, life is hard and I'm poor, if I had had the money I would have done things differently.  Also, I have no bank account, and have not paid any of my previous bills.  I just up and left.  Canada has no idea where I am, I've had so many addresses in the past and I can't even remember all of the stuff I've done.  I want it sorted, does anyone know anything that could help me?

Thanks so so much!


Posted By: aboutgivinup
Date Posted: 06/November/2008 at 2:53am
I do need help....

I realize I have a student loan to pay, I am have been paying in small payments monthly, as I was told to do, because I was told as long as I am paying something they, being CollectCorp cannot harass me...guess I was wrong. They phone on a daily basis, they send registered mail, they have even sunk low enough to phone the down stair tenants and ask personal questions.
I guess my first question is...where do I begin...I am trying to find the means to pay them back! Personally I would prefer to pay the actual lender back but this was 20 years ago...I cant even recall who it was....How does cfwgroup work....at this point I am willing to try anything...Any help would be appreciated...thank you


Posted By: grasshopper
Date Posted: 19/November/2008 at 2:02pm
Looking for information regarding financial questionnaires... what information can the collection agency legally ask for?  They are asking for SIN, employer information, banking, medical, etc.  I don't want to give them any more information than necessary.  Any information would be appreciated.  So far, I have not been able to find any posts on this.  A link would work too if this has already been posted.

Kind regards,
A.


Posted By: Johnny
Date Posted: 20/November/2008 at 4:35am
They can ask for whatever is required by their client. However, you don't have to give any information that you do not want to. Some collectors attempt to make examples out of those who refuse to give them what they want. THey turn adn call you combative and unwilling to pay, when it is really your unwillingness to divulge information that you feel is sensitive, or whichever.
 
You have rights - but I don't the system recognizes them (or even cares) based on the testimonies of so many people in debt crisis, and who are being mishandled by third-parties and the actual lending sector.
 
 


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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: grasshopper
Date Posted: 20/November/2008 at 5:08am
Hi again!

I can't imagine how many times you get the same question so thank you again for taking the time to answer me and my inquiries.

To clarify, are you saying that legally, neither the government nor the collection agency acting on its behalf, can ask me for my financial or other personal information?

Kind regards,
A.


Posted By: Johnny
Date Posted: 20/November/2008 at 11:43am
No. THey can ask you to provide financial information. However, it is not against the law for you to refuse it. Just know that it is not against any law for them to ask for it.

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: grasshopper
Date Posted: 20/November/2008 at 2:59pm
Oh, ok.  Thank you! 




Posted By: Cristina
Date Posted: 19/February/2009 at 5:12pm

Hi,

I have a student loan that was $4000.oo back in 1979 and I could not pay it back back then and I was told that all Ontario studen loans before 1980 were pardoned, is that that true because I now have a lawyers office telling me  I have to pay it back? Could someone please help me?

Cristina



Posted By: juliem724
Date Posted: 20/February/2009 at 10:32am
Hi there i was wondering what can be done for my bf. He is currently making just under 1000 every 2 weeks so thats under 2000 a month. Besides rent and utilities he has 2 student loans in collections. One with Cibc that has been taken over by aliance one and the other is his national student loan taken over by the canada revenue agency. We live in newfoundland and I am currently unable to help him much since i have my own student loan which i am paying on and i am unemployed. He has to make 400$ payments on each of those loans hence almost half of what he makes in a month he has to put toward student loans. The Student loan with aliance one is in an intrest free status but he still pays about 400$ a month on that. I was hoping if it was possible to get both loans to about half that would be perfect.
Thanks in advance for your repily.


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In Need of hope


Posted By: revelationman
Date Posted: 15/April/2009 at 2:50am

I do not know who or what to turn too, but here is my story in  2002 I filed and was discharged from my bankruptcy. The Canada Student Loans  was placed on there so I was under the impression this was all corrected. I moved to the UK in 2005 and now planning to return but when I called home in Toronto I as  advised that there was still  $42 000 dollars outstanding.
I am completely stressed I was looking forward to coming back but now I a face this daunting task of  solving this outstanding debt.
Upon calling my trustee he said it is now out of his hands  and advise me to contact a bankruptcy lawyer to see what they can do. Well being lawyers that would cost  $2000 and just  $1500 for the retainer.
I need advise on this I know when I hit the ground and start my life again in Toronto like Hyena's to kill they will be after me. I am 43 years old  now and second bankruptcy could be costly it will take at least 14 years to clear and would have to go through the courts again.   
However just reading your first bankruptcy  stays on your credit for  7 years then am I too presume that you start a  brand new credit file.
I am just looking for answers

Thanks


Posted By: Johnny
Date Posted: 15/April/2009 at 10:49am

How long have you been out of school?



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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: administrator
Date Posted: 15/April/2009 at 11:29am
John is the person to speak to about this...

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Administrator

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Mark O'Meara



Posted By: DangDang
Date Posted: 23/April/2009 at 5:02pm
Hello guys
i have over 5000$ loan + 1000 interest from 2004
i was given a few chances to pay i made like one or 2 small payments
and then about last year was sent to a lawfirm which they sent me a contract to signs and pay them 150 dollars a month which i couldnt pay
now i was served on april 22 to file a defene within 20days for small claims court

it's represented by the minister of national i think the lawfirm that canada student sent my case to them last year is taking me to court

plz help me out here
what happens when i file a defence within the 20 days 'n is there way to prevent this i can come up with a 1000 dollars the most to pay the lawfirm
can i prevent this from going to court
and once i file a defence how long time do i get before the actual court date so i can think of something
tbh i'm scared ****less it's my first time to a court over this stuff
and even though thesematters happened i was a student and still even registring for starting this may
dont got a lot of money plz see if u can help me out here
and plus is there a criminal record for this
thank you very much



Posted By: MartinDenesse
Date Posted: 26/April/2009 at 9:14pm
Hello..
Thanks for providing appreciate information, it’s a useful for us.
Smile



Posted By: Farah
Date Posted: 04/May/2009 at 1:17am

Like many people on this forum, I am stuck with a student loan of over 25k. Graduated over tens years ago but am not seeing the end of it. I tried to settle with them but they said my offer was unrealistic. Now they want me to fill in a financila questionnaire and letter stating settlement below parameter. However my spouse's income is required  to assess my situation but he is not responsible for my debt. My question is How much can I offer on this debt (Some people tell me it is 50%) and how much information should be giving to them. they require my tax returns and pay stubs as well...... I would appreciate any feedback.



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KFarah


Posted By: beerstud
Date Posted: 05/May/2009 at 2:01am
The collection agency CBV Calgary sends me the questionaire every 6 months. I fill it out with my information, but provide nothing in regards to my spouse, that is FOIP. AT least from what I understand you are obligated to fill this out, but there has been intersting discussions on this site in regards to the legality of this information as well. I believe that unless you are paying a certain percentage of the loan each month, you have to fill out the questionaire. Hope this helps but DO NOT give your spouses income or anything else about her, the **** are not allowed that information!!!Smile



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