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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r1977 View Drop Down
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    Posted: 15/May/2007 at 10:32am
helo everyone, i'm new on this site...and any help would be greatly appreciated.....My ex-wife had a mastercard with BMO and i was a secondary card holder....and it was in a great standing, when we divorced she removed my name from the card, and then she started getting delinquint with the card....a year ago, i got a call from a collection agency saying that i was responsible for the debt, i tried explaining to them that it wasn't my debt, but they didn't care...they threatened to report it on my credit report.....she got in touch with them and she told me that she worked it out with them....they stopped calling, now a year later, collect corp calls me and they tell me that i'm responsible for the debt and that they will report it on my credit report....by the way, i check my credit report every six months, and it has never been on my credit report.
Can they come after me for the debt, even if it's not mine? and can they effect my credit rating....i have a great credit rating and don't want to ruin it.  I also have a signed letter from my ex, taking full responsibility for the debt.  Any help would be appreciated.  thanx
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 16/May/2007 at 4:20am
I suggest you go to www.cfwgroup.ca John has a consumer debt forum over there...
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