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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intheus View Drop Down
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    Posted: 22/October/2007 at 10:31am
Can student loan collection agencies in Canada effect your US credit rating and/or garner US based earning if one no longer resides in Canada and hasn't for over a decade? What power do they typically have?
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 22/October/2007 at 1:26pm
The agency has no real power. It is all up to the one who you actually owe the money to, and the laws that are in place.
 
Johnny
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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intheus View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote intheus Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2007 at 7:21am
Interesting. The agency's name is Allied International. They are repeatedly calling me at work and if I don't answer they ask the receptionists to page me. They tell them they are an old friend from high school. Once they caught me in my office where they informed me that they were able to transfer the collection of the loan to a US based company which would in turn effect my credit rating here and give them power to garner my wages. All of this is especially annoying since I have paid them religiously every single month for many years -- although not the amount they have just recently started to ask for through invoices from Human Resources Canada -- but regardless still they have been paid.

Suggestions?


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