Do options really exist here?

Okay if you have no assets and no income and you are going to school from the good grace of family. What really are your options. One part of my loan is in interest relief while the other is in collections. How can I make things right with anyone financially under the circumstances. I guess I just feel like no options exist under current circumstances. Of course I want to pay my loan back but how. I will not be finished school for one more year. The I should start at 50,000 as that is the base salary for a teacher in alberta. Then I will begin paying but before that how can I get things in a positive state.

 

thanks for your time and I wish everyone the best

calg

like i said on another post, try and see if you can get the loan in collections recalled to your original lender.  start there.  plead your case, you may get results, you may not.  you may have to come up with a few payments, interest, fees/service charges etc before they can recall the loan and you can always resubmit your IR application.

unfortunately, there are not many options available to those of us who genuinely want to pay but cannot.  if you are still denied you can try appealing to governmnet bodies, directly to the folks at hte CSLP, etc.  the original lender is the best place to start, however, since they screwed your IR app in the first place.

good luck

I dont panic my psych degree is totally useless

cant do much if you have a criminal record like me

Hi everyone, I am new on this post and I hope I can get some help...I have been out of college since '94 and although I did pay a large portion of the loan off, and have paperwork to prove it, I got a call from CSL about 2 years ago. After all the money I paid back, thought I was in the clear. A bomb dropped on me when the guy on the phone said "oh, that was your Ontario SL"; this is CSL...all I can say is that my heart skipped a few beats as my brain went into a tailspin about how to break the news to my husband. Well that never happened. He does'nt know to this day. I remember receiving only about 6K for the entire 4 semesters of my college program. Don't understand how, I could have paid off in one shot: $3800.00, and made payments until I couldn't afford it anymore due to some unforseen events which I will not mention now. The payments I made were over three years at 145.00 a month, and, when I quit paying because I couldn't anymore, the loan sharks left us alone for a couple of years. Then, they came calling again around 2 years ago, saying that I owed them another 2K. So I paid up the entire amount to CBL (or whatsernames) and got a letter releasing me from that debt. When I checked my Equifax credit report (online - paid 15.00) it did say thankfully, that it was settled. A few months later, in Jan '03, I was hit with this crap about CSL...so in the meantime, my husband and I purchased a home and my name is on it as well as his. My concerns are this. If there really was a loan repayment issue (and not an error as many have posted on this site), and I buy a house where I am plainly seen as part owner, how long would it take for the sharks to find out or would they? If they did, would they put a lein on the house if payment was not rendered immediately? How would the lein thing work, and would they not have to produce paperwork proving my default loan?? I dont' have any papers but the ones that I do have plainly read (and filled out with the loan officer) what I describe in this post along with my loan checks, and they certainly do not amount to anywhere near that amount! The one of the papers is for the Canada Loan and the other is for the Ontario loan...so I don't get it. I'm afraid to call or write or email...Can anyone help me?? I don't want to upset my husband if I can resolve this on my own. He also believes that this is ancient history... I appreciate any help from anyone!

Edited by uptomyneck

oh pardon has no effect when there are no jobs--psych/crim is totally useless fields

I'm not sure who acually reads this but I was hoping
it could be directed to the appropriate person. I was
studying at an art school for
three years and also a private digital art school in
Burnaby. I have bi-polar disorder and schizophrenia
and my illness has become worse and I am unable to
finish school or live outside the care of friends and
family. I am not a mean, violent or an aggresssive
stereotype of being mentally ill. But I certainly
don't go through a regular day. I have been unable to
keep my employment and now I have alot of student dept
and consumer dept from trying to get ahead. I'm now at
a point where I have no means of even making minimum
payments on my credit card. I have no idea how to go
about these things and found your web board in hopes
of some answers. I would like to consolidate my
student debt(which I beleive is about 40,ooo) A 1000
debt on department store card and 7000 on a credit
card. I don't have anyway of even supporting myself at
the moment...I was hoping to get all my debt in one
place and at a lower amount and see what to do from
there...if that is still too much to handle I may have
to declare bankrupcy?.......I've no idea what to
expect..I'm homless..I just go to whoever will offer
me a bed(friends/family)..But I will have to find my
own place and apply for disability because of my
illness...What is going to happen now..Do the police
show up at your door and take away all your things once I am able to live
somewhere?

please let me know..who can I ask for help?

too_much...Please call Johnny. It may cost a bit, but in the long run, it won't cost as much as not calling him at all. He WILL empower you...

As I have friends who are bipolar, I have to say that I am so glad you reached out...It's so tempting to try and handle things yourself, especially since the meds seems to take away as much of your quality of life as they add...It is a BUGGER of a disease I wouldn't wish on anybody.

You are in a supportive community here, so please keep us in the loop?

Poly

Too much,

You need help and guidance. I think what you need to focus on right now is reducing the stress and worry associated with your debt. I believe it would be wise to contact those you owe money to or have someone acting on your behalf call them to advise of your situation. It may or may not do any good but at least you can feel better about laying it out in the open. Perhaps they can suspend payments temporarily until you find work. Your circumstances do not warrant a consolidation loan as you would not qualify based on your lack of income.

 

 And what was that?

 

hey mom,

i hate it too! did a post disappear?

Troy