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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jlw40 View Drop Down
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    Posted: 23/May/2007 at 5:15am
hi i just started dealing with collectcorp here in ontario ,  they phoned me so i finally phoned them back and talked to them , my payments for td visa were snall i gave them 25.00 each month to td and they gave me to  collectcorp. i am new to this, they told my payments were not high enough that the bank was gonna do somnething, i told he i had 75.00 a month to give them . they said not enough and was told some lawyer lingo that i did not understand . i asked him to explian and he would not , just told me i suffer the consaquennes. it is a 3040.00 td visa bill . they told me they were not a collection agency . i am so confused , can they go into my account ? garnish my wages . even thou i am still paying td visa  each month , not a lot . . i got fed up with the guy and hung up. what are my rights , i have the cheques made out for the next year . . they dont wanna take anything . i was ready to mail it today by register ing it . i feel  over wheleved at the moment .  i just dont know what to do . what can they can do. does anyone know ? are they a collection agency or not ? they say no . Angry 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 24/May/2007 at 5:19am
Collectcorp is a licensed collection agency.
 
 
 
 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dunker Quote  Post ReplyReply Direct Link To This Post Posted: 21/June/2007 at 2:30pm
Quote they told me they were not a collection agency . i am so confused
 
I think you might have misunderstood what they said.  Collectcorp's favorite line is actually "We are not a financing institution".  I've heard several agents tell me that line while expressing their disastifaction with my small payment amounts ($50 per month).  They mean to imply that they are not willing to put up with you sending them small payments. 
The truth is they must accept whatever payment amount you can afford to send them.  One thing that everyone here should keep in mind is that they should not take what they hear personally.   Recognize that these agents are essentially reading from a script.  If you get enough calls from them, you will recognize the exact same things being repeated over and over again.  At that point there is essentially nothing to be gained from a conversation with them.  They will be wasting their time and you will be wasting yours, listening to their pathetic attempts at trying to ruin your day and make you feel guilty.
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