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mellane
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Joined: 26/October/2010
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Topic: Statute barred Posted: 29/December/2010 at 11:23am |
Hi Johnnie,
I believe I have two statute barred student loans. I finished school in BC in 2000. Since 2001 no payments have been made. The loans are provincial and federal held by RBC. The creditors leave a message on my voicemail every working day. I have told them to stop but they continue. They even call me at work when I tell them not to.
If my loans are statute barred can I initiate actions to stop collection permanently and for the loan to never be revisited? In essence extinguish the loans (fed and prov)?
What do you think?
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SolveStudentDebt
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Joined: 05/November/2003
Location: Canada
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Posted: 30/December/2010 at 4:10am |
You can. However, it takes a lot of work. It is something you will need professional help with. Unless you know how.
Johnny
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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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mellane
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Posted: 03/January/2011 at 5:13am |
Sorry avout the name typo. Ihave called the toll free number for CFW group several times - no one picks up. I tried the contact form link several times and it doesn't take you to a contact form. I have reached your assistant's voice mail and left a message. Still no reply. Do you take clients from BC? And if so how can we connect?
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SolveStudentDebt
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Posted: 03/January/2011 at 6:09am |
THe contact us link on our website is working fine. We are extremely busy this time of year so getting through can be difficucult. THat is why we have the contact us link in the website. You can call me at 902-861-1210. Leave a message if you cannot get through and I will call you back.
Johnny
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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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SolveStudentDebt
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Posted: 03/January/2011 at 11:13am |
Hey Mel - it was nice talking with you this eve. email me and I will send you a quote and scope of work.
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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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rustisin
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Posted: 27/March/2011 at 6:14am |
mellane wrote:
Hi Johnnie,
I believe I have two statute barred student loans. I finished school in BC in 2000. Since 2001 no payments have been made. The loans are provincial and federal held by RBC. The creditors leave a message on my voicemail every working day. I have told them to stop but they continue. They even call me at work when I tell them not to.
If my loans are statute barred can I initiate actions to stop collection permanently and for the loan to never be revisited? In essence extinguish the loans (fed and prov)?
What do you think? |
Johnny, If my loan is stats barred can I initiate this "stop action" and prevent Revenue Canada from seizing my tax return? Don't they require a judgement to continue taking these tax returns thus proving this money is owed?
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HankBaskett
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Joined: 29/April/2011
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Posted: 29/April/2011 at 10:56pm |
I think i have something similar with a bit of a twist. I went to school from 97-02 in SK. Originally my student loan had to go through the royal bank, about halfway through it changed. So i believe I have a federal student loan with hrdc and a rbc loan. There hasn't been any payments since 2002 maybe 2003. Neither of them appears on my credit report anymore so I assume they are statute barred? Is that correct? Also RBC had an $1000 overdraft on my account and basically contiuned to draw money out of it until it was maxed out, and then charged interest on that amount. Would the overdrawn account have been merged with the loan or would I have another debt? The coversations i have had with PIC only seem to mention the loan. What do you think?
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Dragonfly
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Posted: 09/May/2011 at 2:49pm |
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I'd also be interested in learning more about statute barred student loans. I have provincial and federal loans from 1998-2000 held by RBC. They have been sent to collection and I have been contacted every day this past week. Up until now I have never been contacted by creditors (CBB in Vancouver) and they are already trying to negotiate a below parameters settlement so I am wondering what the status of the loan really is.
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SolveStudentDebt
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Posted: 15/May/2011 at 3:32am |
Collectiona gencies are pursuing barred loans aggressively. They make a large sum of commission on these accounts. The banks pay them up to 50%.
If you want to find out if it is barred and you want me to help you can contact me privately.
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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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