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.


  New Posts New Posts RSS Feed - Collectcorp refusing payments
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedCollectcorp refusing payments

 Post Reply Post Reply
Author
Jayleblanc View Drop Down
Newbie
Newbie
Avatar

Joined: 20/September/2006
Location: Canada
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jayleblanc Quote  Post ReplyReply Direct Link To This Post Topic: Collectcorp refusing payments
    Posted: 20/September/2006 at 11:33am

When I was younger I had a few financial issues and went bankrupt. I was unable to pay student loans for a while.

I was contacted by Total Credit Recovery for my provincial student loans and have had problems making payments with them. They have never hassled or threatened me either.

It is my Federal student that is the problem. I was contacted by Collectcorp over 4 years ago and started making payments. I have made payments up until May, 2006. Then Collectcorp told me the Royal Bank took my loan back, man what a chase to find it and when I did they told me Collectcorp always had it. Royal Bank does not take loans back from collection agencies.

I finally got back in touch with Collectcorp. They found my account and started threatnening me to pay the entire loan or settle. I do not have the money to settle.. I wanted to start making payments. I eventuall spoke to Brian (who says he is a manager) and that the Royal Bank has reclassified my student loan and that they would not accept any other monthly payments from me.

They are pretty much saying that I have to settle or go to court with them. Are they allowed to not accept my payments and do this?

What are my rights n this situation?

Back to Top
Sponsored Links


Back to Top
Ihateregisterin View Drop Down
Newbie
Newbie


Joined: 08/March/2007
Location: Canada
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote Ihateregisterin Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2007 at 1:05pm

I had a lovely call from collect com...same stuff threatts all they want is 10 percent of the loan every month...I laughed and then he said theyll garnishee my wages ...he also said he would refuse any payments I sent him...and I refused to cooperate with him by not sending my information on the sheet he sent its got everything but my dick size... what next I dunno.

Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.