This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities have been forced to cancel programs and layoff hundreds if not thousands of full-time and contract instructors.

Again, the Liberal government has messed up the education environment.


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Forum Lockedcollection agency and name change

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irritation View Drop Down
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    Posted: 22/March/2005 at 3:39pm
Wondering if anyone out there knows anything about my situation...  I have had a legal name change since I took out my student loans.  Said loans have since gone to collections.  The collections agency refuses to use my legal name, on the phone, via mail, etc., despite repeated requests on my part to do so.  I have inquired time and time again as to how I can make this happen, and have been given many different stories ranging from "it's impossible" to "you just have to make sure your name has been changed with the lending institution, and they'll pass it on to us".  Whatever the story I have tried to work with it - and still no name change.  This may seem inconsiquential, but I am a transgendered person and my birth name is pretty far removed from my current life.  For example, roommates, landlord, etc. only know me by my legal name.  Any info would be appreciated...

Irritated
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 22/March/2005 at 6:13pm

 

 A name change on an account, especially a Crown or Provincial debt, must be done in writing.

 Call HRSDC in Hull, Quebec, or The National Student Loan service Center. They will tell you how to do this witht he banks also (if yuou have any risk loans out there).

 

John LeBlanc
The Canadian Financial Wellness Group
 
Tel: (902) 464-8727
 

 

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polyhymnia61 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote polyhymnia61 Quote  Post ReplyReply Direct Link To This Post Posted: 22/March/2005 at 8:09pm

I have found from experience that collectors will use your former name just to upset you.

I started uni under my marriage name, then went back to my maiden name halfway through. It was changed at the NSLC. But after my loans defaulted, Collect Corp insisted on calling me by my married name -- with a sneer in the voice because they knew I didn't like it.

Finally, I wrote a letter saying that that wasn't my name and I wouldn't acknowledge any correspondence or calls addressed to that name. I guess the fear of no commission finally smartened them up...

Irritation, they will do whatever they can to upset you. Don't put up with it.

grrr...

Poly

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irritation View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote irritation Quote  Post ReplyReply Direct Link To This Post Posted: 23/March/2005 at 9:42am

I've had my name changed with the national student loan service center and my bank.  It really is JUST with the collections agency (NCO financial).  I'll try yet another letter and refuse acknowledgement, I guess.

Irritation

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polyhymnia61 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote polyhymnia61 Quote  Post ReplyReply Direct Link To This Post Posted: 24/March/2005 at 12:54am

My surname was changed at the NSLC and the CIBC, which was also my employer during my university years. And Mr. Demanshi (I think that was his name) at Collectcorp couldn't give a bleep.

Like every other piece of information they can get about you, they are using your former name as a "psychological tenderizing" tool, as Johnny likes to call it. They know that's not your name, and that's why they use it...because you don't want them to.

Obviously, we changed it for a reason, so what better way of insulting you than using it against you? It shows a lack of respect for the debtor, which is exactly what they want to demonstrate. You owe money, therefore you are low-life.

When you look at it objectively, it's almost comical the tools they think are effective at collecting money. And utterly illogical.

Good luck, irritation.

Poly

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BigFatherA View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BigFatherA Quote  Post ReplyReply Direct Link To This Post Posted: 24/March/2005 at 4:37pm
Since the name given isn't yours (anymore), tell them that that person doesn't live there / or / they have a wrong number!
BigFatherA
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