New Posts New Posts RSS Feed - Loan collection after default since 2004
  FAQ FAQ  Forum Search   Register Register  Login Login


Loan collection after default since 2004

 Post Reply Post Reply
Author
Sp3nc3r View Drop Down
Newbie
Newbie


Joined: 11/April/2021
Location: B
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote Sp3nc3r Quote  Post ReplyReply Direct Link To This Post Topic: Loan collection after default since 2004
    Posted: 27/April/2021 at 8:46pm
Hi there,

My student loan has been in default since 2005 due to a disability(I was not diagnosed until after I graduated).

I am currently almost done paying off my provincial portion of my student loan. But my Canada student loan is nearly impossible to pay off as I cannot afford it. They(CRA collections) told me over the phone that my interest was above a few thousand dollars, and that I could not begin to make payments until I paid it off in full. When I spoke with actual student loans they couldnt seem to find my canada student loan and said to call the CRA collections to find out(Which i did months ago, pretty sure it was collections)

My question is, since it has been 16+ years and my last payment was in 2005, is there a way I can get it expunged? I heard that getting it waived is near impossible. I really would like to regain my credit to good standing.

I haven't made a single payment since 2005 but it still shows up on my credit report. I am really really badly wanting to fix my credit and try to begin a life, one where I can rent an apartment on my own.

Any help with options ideas would be GREATlY appreciated!

Thank you advance!
Back to Top
Sponsored Links


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

Joined: 05/November/2003
Location: Canada
Points: 5993
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2021 at 6:24pm
There is a way if you can pass the tests for this as per the CSLFAA or limitations. If you still need help with this let me know and I can figure this all out for you. 

Johnny
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 12.04
Copyright ©2001-2021 Web Wiz Ltd.