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What constitutes acknowledgement of debt?

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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=6851
Printed Date: 28/March/2024 at 7:48am
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Topic: What constitutes acknowledgement of debt?
Posted By: csmith73
Subject: What constitutes acknowledgement of debt?
Date Posted: 22/March/2014 at 1:30am
I have a student loan this is coming statue barred in mid April.
 
I will be sending some documents such as, student loan account history, bank statements that show monies were siezed through collection, and a cancelled check that shows my last voluntary payment of said loan to Equifax so that I can have my last activity date reflecting my last actual voluntary payment instead of involuntary payment.
 
What my question is, is if Equifax shares this information with CIBC would this be considered an acknowledgement of debt and reset my limitations?


-------------
Chris



Replies:
Posted By: administrator
Date Posted: 22/March/2014 at 10:38am
To be safe, hold off on sending the documents.  Its only an extra three weeks.



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


Posted By: csmith73
Date Posted: 23/March/2014 at 9:38am
Thank you Mark, I do intend to, but my concern and questions are
1) Can Equifax share this info with CIBC
2) Can CIBC use these documents as acknowledgement and rest my limitations date?


-------------
Chris


Posted By: administrator
Date Posted: 23/March/2014 at 2:43pm
I don't really know the answers to those questions..... anyone?


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



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