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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    Posted: 15/November/2007 at 4:42am
i keep getting calls on the company cellphone and everytime i asked them NOT to call cell, due to the fact that this is not MY PRIVATE cellphone, yet they never call me at home. they called our payroll dep. and basicaly got my T4 info, (they said they are verifying my credit application), also started calling my extension, i have gotten 17 calls in 4 days, i was also told that they are preparing paperwork for CIBC for further legal action and after 3 days called back and asked for $$$ in the full amount, i asked what happend to the legal action, the guy said: "we're prepared to give you ANOTHER CHANCE!!!!!"  goodthing that i kept a log of all the calls i got from them.
BE VERY CAREFULL, they ALL tell you that "they are calling from THE LEGAL DEP. of NCO Financial" where infact they are probably not licanced to even make call outside of Alberta.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 15/November/2007 at 11:06am
Who is calling you? A guy named Justin or Scott?
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 Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 16/November/2007 at 1:49am

1. Sarah Singer, 2. Gloria, 3. Alem, 4. Scott

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 16/November/2007 at 12:58pm
4 collectors on one borrower. That is hardly fair.
 
If you need some help with this, call me.
 
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 Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 17/November/2007 at 3:17pm
it's not that they call me at the same time, they pass the file to one another.  making payments for almost 2 yrs. doesn't make a difference to them either.  they are pushing for their target. 
 
need ur contact info. also filed complaints to both levels of government, waiting for their reply till the end of the week, if nothing happens, i'll call my MPP.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 22/November/2007 at 3:43am
i received a call from Scott Barber yesterday at work, he said i'll be receiving a letter by UPS, indicating that they will start garnishing my wages. i'm just waiting to see that letter and see how far they're willing to go and howmuch $$$ they're willing to spend in court to get a judgement. should i consult an atterney?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Staretz Quote  Post ReplyReply Direct Link To This Post Posted: 22/November/2007 at 6:09am
There's something called Due Process that needs to be respected.  They can't just say "oh, we are going to garnishee your wages"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 22/November/2007 at 10:32am
I spend a lot of time planting signs ahead of people that read "DO NOT JUMP" while they are climbing the up-hill battle with student loans and collection agencies.  Are you offering them payments?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 23/November/2007 at 2:06am

No, but i have been making regular payments directly to CIBC since Feb. 2006

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 23/November/2007 at 2:41am
i got the letter today, here is what it says:
 
Dear Mr/Mrs **** (they've been calling me since July 07, still don't know if i'm Mr. or Mrs.)
 
please be advised that your account has been approved for legal action and we will be instructing our solicitor to commence legal proceedings against you unless this account is resolved IN FULL within 10  days from date of this letter.
 
please be advised that failure to deal with your account voluntarily may result in additional legal fees, garnishment and seizure of assets and/or bank accounts.
 
if you have any questions or concerns, please contact the undersigned, or forward the balance of your account to 600-10109 106 Street, Edmonton AB T5J 3L7.
 
Govern yourself accordingly,
 
 
Justin Thibeault
Collection Supervisor
 
cc: Gasee Cohen & Youngman Barristers & Solicitors
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 23/November/2007 at 2:43am
they have also included a property report of my home in the package
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 23/November/2007 at 6:59am
Contact CIBC and advise them that you received this letter, and ask them why they arwe suing you even though you are making payments.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 23/November/2007 at 7:13am

2 yrs. ago i called to get my account # and balance, agent verified all my info and updated their file and at the end told me "they don't have any info and i need to contact the collection agency". CIBC doesn't even want to talk to me.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote xtos Quote  Post ReplyReply Direct Link To This Post Posted: 24/November/2007 at 10:55pm
That address looks like I know it from somewhere???
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Post Options Post Options   Thanks (0) Thanks(0)   Quote xtos Quote  Post ReplyReply Direct Link To This Post Posted: 24/November/2007 at 11:08pm
Yup, had to do a lookup to be sure.  This is NCO Financial.
 
 
 
I worked for them some time ago.  Just for a short time (Thank God), I was only a Skip Tracer, but I really hated it
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 25/November/2007 at 4:15pm
so what do i do??? just sit and wait for a court date, in the meantime loose my job over their calls to Co. cell and my ext. at work???
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2007 at 1:40am
Contact CIBC and advise them that you received this letter, and ask them why they are suing you even though you are making payments.  CIBC has to talk with you becuase it is they who you owe the money to. Ifr they refuse, escalate it to the executive customer response unit.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarface Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2007 at 5:52am
i just called CIBC and they said:" they don't have a request from NCO to porsue any legal action against me". how ever the agent said that i need to contact NCO for balance on the account.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2007 at 9:28am

The letter you received previously (as posted above somewhere) from the collection agency (NCO) states that legal action has been approved. Now, CIBC is telling you that it has not been approved. So, the collection agency has gone above their client (CIBC) and taken the stand that they don't care what CIBC says. You should enlighten CIBC because the collection agency must first request permission fromtheir client to proceed with legal action before doing so. The letter you recevied from NCO states otherwise.

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 SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/November/2007 at 9:29am
This sort of thing is common, by the way. Collection agencies are the heaviest frustraters of the system.
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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