Note: Registration email issue has been resolved.
  New Posts New Posts RSS Feed - Trying to figure out my CIBC situation
  FAQ FAQ  Forum Search   Register Register  Login Login

Trying to figure out my CIBC situation

 Post Reply Post Reply
Author
Hellojb View Drop Down
Newbie
Newbie


Joined: 25/June/2018
Location: Ontario
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hellojb Quote  Post ReplyReply Direct Link To This Post Topic: Trying to figure out my CIBC situation
    Posted: 11/November/2018 at 6:45pm
I had both Alberta and CIBC backed federal student loan. These loans are from 1996 and while I paid off the Alberta loan, I have yet to start paying CIBC.

I wish to return to school but of course would like to get Osap in my new home province of Ontario. When I apply it immediately rejects my application because I defaulted on a CIBC loan.

I call CIBC student loan Centre and they tell me the debt is no longer with the but a collection agency. My question is this: if my debt is no longer with CIBC then conceivable the loan is out of default? Could I call Osap and pled my case?
Back to Top
Sponsored Links


Back to Top
Johnny View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5923
Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 19/November/2018 at 4:52pm
If it is with a collection agency then it is in default. OSAP is not CIBC and cannot speak for CIBC. 

If you wish to talk out more student loans while having a previous unpaid student loan in default and out for collection you will most likely be defined for more student funding. You would either have to pay it out somehow, or ask them to overlook it. I have yet to see the latter. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
Johnny View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5923
Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 19/November/2018 at 4:54pm
Autocrack typos - sorry. Here goes again.... 

If you wish to take out more student loans while having a previous unpaid student loan in default and out for collection you will most likely be declined for more student funding. You would either have to pay it out somehow, or ask them to overlook it. I have yet to see the latter. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.08
Copyright ©2001-2017 Web Wiz Ltd.