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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Forum LockedWhat Happens To Credit Score After Bankruptcy?

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jinzapa View Drop Down
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    Posted: 30/June/2010 at 11:46am
I am in a tough fnancial bind right now and am considerng bankruptcy as my alternative to take care of all my debt..... I am just concerned with what will happen to my credit after I file. What happens to credit score after bankruptcy?
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sergruba View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sergruba Quote  Post ReplyReply Direct Link To This Post Posted: 01/July/2010 at 9:06am
What happens to credit score after bankruptcy?You can expect your credit score to take a drastic nosedive after you've filed for bankruptcy. Then again, it's a given, because your accounts have already been behind on payment--which is why you're filing in the first place.
Quickly Eliminate Debt And Save Thousands with http://www.debit-free.us
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Klyne View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Klyne Quote  Post ReplyReply Direct Link To This Post Posted: 05/July/2010 at 3:49pm
Credit destroyed for 6 entire years.

Don't plan on leasing anything or buying anything on credit.

Live on cash for at least 4 years.

Nothing is forever, but prepare to be screwed for a while.

On the other hand, many debts will be forgiven.

Nothing's for free, so it's not THAT bad.

Good Luck.
Klyne
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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: 06/July/2010 at 12:13pm
Jinzapa,
 
Out of curiousity, what exactly is your student loan problem? Your posts all seem to contain questions that are banikruptcy related, and then jumpo off to another category altogether.
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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