Canada Student Debt http://www.canadastudentdebt.ca/ This is an XML content feed of; Canada Student Debt : Last 10 Posts Wed, 22 May 2013 18:09:22 +0000 Wed, 22 May 2013 13:41:07 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 10.11 30 www.canadastudentdebt.ca/RSS_topic_feed.asp Canada Student Debt http://www.canadastudentdebt.ca/forum_images/web_wiz_forums.png http://www.canadastudentdebt.ca/ Urgent Help needed - Post here! : Interest on student loans question http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35625&title=interest-on-student-loans-question#35625 Author: tkarmy
Subject: Interest on student loans question
Posted: 22/May/2013 at 1:41pm

no there was no actual 'judgement' - they are just collecting on it.]]> Wed, 22 May 2013 13:41:07 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35625&title=interest-on-student-loans-question#35625 Urgent Help needed - Post here! : Interest on student loans question http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35624&title=interest-on-student-loans-question#35624 Author: Madmorrigan
Subject: Interest on student loans question
Posted: 22/May/2013 at 6:07am

The term "judgment" means a legal judgment--not just being in collections. Did the CRA obtain an actual legal judgment against you? ]]> Wed, 22 May 2013 06:07:47 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35624&title=interest-on-student-loans-question#35624 Urgent Help needed - Post here! : Outstanding NS Student Loan http://www.canadastudentdebt.ca/forum_posts.asp?TID=6672&PID=35623&title=outstanding-ns-student-loan#35623 Author: philbain
Subject: Outstanding NS Student Loan
Posted: 21/May/2013 at 8:17pm

In my experience in BC they follow through, so best to deal with it. Johnny and th team from cfwgroup helped me. If the CRA issues a judgement against you and attains it in court then they can clean out your bank accounts and garnish your wages...and they will if you are uncooperative. ]]> Tue, 21 May 2013 20:17:46 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6672&PID=35623&title=outstanding-ns-student-loan#35623 Urgent Help needed - Post here! : Outstanding NS Student Loan http://www.canadastudentdebt.ca/forum_posts.asp?TID=6672&PID=35622&title=outstanding-ns-student-loan#35622 Author: betaraybill
Subject: Outstanding NS Student Loan
Posted: 21/May/2013 at 8:28am

Hello All,

I have an outstanding Nova Scotia student loan from 2003. Right now it stands at around $6000. I have never made a payment or acknowledged the debt. Until recently I've been content to let the government garnish my income taxes and GST cheques and apply that (approx $1200 per year) towards the debt.

Recently I received a letter from Service Nova Scotia & Municipal Relations stating that if the debt is not paid back immediately they could seize my bank account and garnish my wages. I don't have a bank account and get paid by cheque. If I continue to ignore these letters (2 in past 8 months) will they take action or is this just posturing on their part? And if they do take action can they actually do anything where I don't have any assets and get paid by cheque?

Bill
]]> Tue, 21 May 2013 08:28:03 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6672&PID=35622&title=outstanding-ns-student-loan#35622 Urgent Help needed - Post here! : HELP Credit score destroyed http://www.canadastudentdebt.ca/forum_posts.asp?TID=6656&PID=35621&title=help-credit-score-destroyed#35621 Author: coreyclark315
Subject: HELP Credit score destroyed
Posted: 21/May/2013 at 4:47am

The only solution of your problem is that you can consult withthe higher authority of management. Make them known with your situation andalso tell them that you have sent them email but you got no response from them.There is no other way out for you. The lower workers can’t help out these typesof situations.

]]> Tue, 21 May 2013 04:47:56 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6656&PID=35621&title=help-credit-score-destroyed#35621 Urgent Help needed - Post here! : Interest on student loans question http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35619&title=interest-on-student-loans-question#35619 Author: tkarmy
Subject: Interest on student loans question
Posted: 19/May/2013 at 12:48pm

My loan is with CRA but I've been paying them faithful for years. I was just about to file my income taxes and claim the interest I've paid over the last three years when I noticed this on their site

"In addition, you cannot claim interest you paid because of a judgment obtained after you failed to repay a student loan."

Does being with CRA count as a "judgement" or can I still claim interest on the loans?

Thanks for your help
]]> Sun, 19 May 2013 12:48:40 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6671&PID=35619&title=interest-on-student-loans-question#35619 Urgent Help needed - Post here! : HRSDC Collections http://www.canadastudentdebt.ca/forum_posts.asp?TID=6670&PID=35616&title=hrsdc-collections#35616 Author: gloomybear
Subject: HRSDC Collections
Posted: 17/May/2013 at 2:05pm

*I posted this somewhere else but figured I'd repost*

I have received a letter from HRSDC (I live in Ontario) stating they are referring my file to the Department of Justic Canada to initate legal proceedings..

Well I am also filing 7 years of income tax totaling $5900 in returns including GST/PST etc.

so I have a few questions....and hopefully i can get answers lol...

My statement of accounts from the HRSDC shows 

CAN-ONT Student Loan CDON    $5558.15

does this mean that it is both my federal and provincial loan amount?? (I took the OSAP loan for 2002-2003 and did not return to school)

As i do not want a surprise when that amount is paid off and it ends up being i owe another $5000..

and secondaly do i contact them in regards to the department of justice letter and advise that
I am (have) filed and the returns will be more then substantial to pay that amount off??

 Any help i can get is more then appreciative.. 


Thanks

]]> Fri, 17 May 2013 14:05:31 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6670&PID=35616&title=hrsdc-collections#35616 Credit Bureau and Reporting Issues : CSL Rehabilitation on Credit Report http://www.canadastudentdebt.ca/forum_posts.asp?TID=6410&PID=35615&title=csl-rehabilitation-on-credit-report#35615 Author: xxl
Subject: CSL Rehabilitation on Credit Report
Posted: 17/May/2013 at 1:35pm

This is what I've done so far..

I have a student loan that was on default in 2010-11. Last week I called the NSLSC asking for an update on my account. I want to start paying off my debts. My credit report currently says that this account has been closed and transferred due to non-payment.

The rep at NSLSC said that my loan is now with CRA and that I need to contact them on having the loan brought back to NSLSC.

Today I called CRA and I was asked to pay $450+ monthly; I said that I could do $250 a month starting two months from today; the CRA rep said that they would have to send this over to the Recovery Office for approval since I am asking to pay a lower payment amount than the rep CRA can arrange for me ($450). Is this what bringing the loan back to NSLSC is? (stupid question I know).

Thank you in advance.
]]> Fri, 17 May 2013 13:35:44 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6410&PID=35615&title=csl-rehabilitation-on-credit-report#35615 Bankruptcy and Proposal Info and Issues : can you receive OSAP after banktruptcy http://www.canadastudentdebt.ca/forum_posts.asp?TID=6669&PID=35613&title=can-you-receive-osap-after-banktruptcy#35613 Author: Radagast
Subject: can you receive OSAP after banktruptcy
Posted: 15/May/2013 at 2:49am

The OSAP questionnaire specifically asks you if you have ever declared bankruptcy. I believe they have something called a "Credit Appeal" that will allow you to dispute them automatically rejecting you, however.]]> Wed, 15 May 2013 02:49:20 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6669&PID=35613&title=can-you-receive-osap-after-banktruptcy#35613 Bankruptcy and Proposal Info and Issues : can you receive OSAP after banktruptcy http://www.canadastudentdebt.ca/forum_posts.asp?TID=6669&PID=35612&title=can-you-receive-osap-after-banktruptcy#35612 Author: lilpiglet
Subject: can you receive OSAP after banktruptcy
Posted: 14/May/2013 at 6:08pm

Hello, 

I was wondering if I decide to declare bankruptcy (on unsecured line of credit due to extreme health circumstances). I recently returned to back to school after a many years off due to my health. However I received 4.0 GPA last semester and really want to continue on with school but I need financial assistance. At the same time, the unsecured debt that I accumulated while before getting ill is haunting me for few years and I feel as if its best to declare bankruptcy on that portion. 

Would I still be eligible for further OSAP assistance if I file for bankruptcy? 
]]> Tue, 14 May 2013 18:08:11 +0000 http://www.canadastudentdebt.ca/forum_posts.asp?TID=6669&PID=35612&title=can-you-receive-osap-after-banktruptcy#35612