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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robynd View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote robynd Quote  Post ReplyReply Direct Link To This Post Topic: Help please --- Rush
    Posted: 07/December/2007 at 5:19am
  I had a money mart pay advance and when it came due I lost my job. I had a creditor tell me if I do not pay by today they can seize my bank account and charge me with cheque fraud. I said I could pay next week when I get paid from my new job. The advance was 200.00. can they do this if I don't get the money to them today?? I am scared.
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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: 08/December/2007 at 6:03pm

People have to be very cautious about interacting with those pay day loan establishments. They make these small loans very attractive - but they get you in the end - no different than the high risk lending groups. Their collection methods are no different than a rogue collection agency's also. They are very aggressive as you know - but pay them and be done with them. Stay away from them from here on.

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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Bateman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bateman Quote  Post ReplyReply Direct Link To This Post Posted: 09/December/2007 at 7:05am
Never get a payday loan. Do you realize what the interest on that 2 week loan works out to?
 
These places deal with people who have bad credit so I'd expect them to be very aggressive.
 
You'll probably have to pay some pretty insane fees on top of the normal debt + interest so plan ahead for that. Borrow the money from friends or family if you have to.
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