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

$50,000 for a new teacher? Wow...it's only about $35,000 to $40,000 in Ontario, depending on your level of education...

Please don't panic...take care of yourself first...

Poly

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!

Huner once wrote: "They refused my payment of $ 25 that I had offered them in 1999, so they got nothing.
Finally it is 2004, and I am making payments of $ 50 to HRDC for their portion of it".

Hunter! How did you manage your account has been transferred back to the creditor?

I was successful last year when the bank took my account back from CA. That time they admitted that it was done by error. Now my account with another CA. This time situation worth: a) there is no evidence in writing form the bank; b) I am not working. However, I would like and I think I can pay $40-50 monthly to the Bank.

You can ask Johnny for help -- http://www.cfwgroup.ca - www.cfwgroup.ca . Visit the Advocates section of this site, and you'll find a ton of people who have been helped by Johnny's expertise with student loan nightmares.

The first step is to contact whoever holds your loans and advise them of your disability. There is a message forum here specifically for disabilities.

Unfortunately, even if you declare bankruptcy, your student loans are not included. So you need to find a way to deal with those...the sooner, the better.

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

have you tried applying for disability benefits ?  its a pain in the rear and takes forever but it will help get you on your feet and once you are in you can try to go about getting your loans forgiven.  please please check the disability claims help forum, or email me privately and i will try my best to help you sort through the mess ( i'm experiencing major health problems adn have been sifting through disability info for months so i might be able to help).  contacting johnny at cfw is also a good step - he is very knowledgeable in many many areas.

hang in there, you're in the right place for help.

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.

I'm glad you took the time for a long post to Too Much Watchdog. I can sense his anguish and didn't feel happy with my short reply. You filled in what he really needs to hear I think.

 And what was that?

hey mom,

i hate it too! did a post disappear?

Troy

apparently it did, troy

though we are probably better off not knowing what was said...sheesh i wish this grammar school mentality of name calling and writing one's name in the snow would get over with already.  maybe its another full moon ?

I will repost half of what watchdog said as the other half... well it implies watching for profit motive etc towards certain members of this site if ya know what I mean.

Too Much:

Since nobody addressed a question that obviously worries you, let me say this: the police will not come for your stuff. Not now and not when you are on your feet and settled.

So please don't worry about that. This is purely a civil matter, not a criminal one. The police will never be involved. Please don't let the worries overwhelm you, okay?

Read through this forum and do a little homework on the laws regarding debt collection in your province; once you know what the collectors can and can't do, you'll feel a little better able to deal with them. The fact is that you cannot pay them what they demand. All the names they call you, the fear they instill and the guilt they lay on you can't change that, so don't let it keep you tied in knots.

Take Ferren's advice.

Read the quote on Blue's signature line.

You have other things that should be preoccupying you. So relax. Remind yourself that you are not evil or lazy or stupid or negligent.... You are the victim here and you deserve compassion, not abuse.

 Yes, I recall thatposting. The part you left out wass the part where the individual was attacking me.

Hey, Ferren! No fair!

How come you get to access other people's deleted posts and I can't?????

I always thought Mark liked ME best!!!!!!!!!!!!!!

The Pouting Poly

Heh, no trick to it at all Poly. Don't worry I am sure you are still Mark's favorite. I was on that forum typing my reply just when the post was deleted. I actually received it in my email. Kind of strange to see the post gone just after I replied tho. I am fairly certain it was Islander from the tone and style. Here is the other half - I have no opinion one way or another on it's content:

By Watchdog

...Do not fall into the trap of paying someone to "empower" you or to "remove toxicity" from your life unless you are sure of what you are getting into. Make sure that you have absolute confidence that the course of action recommended is in YOUR best interest and not intended just to line the pockets of a bill collector with a new scam.

Most of the people on this site seem to be good people and I suspect they are not here to take advantage of your vulnerable state. Look around at the posts, determine who is here because they make a killing and who is here without profit as a motive.

And as far as testimonials go, I'd take them all with a grain of salt. Remember whose site it is, who sponsors it and how easy it is for a site administrator to add usernames to the memberlist and write his own testimonials. And to remove anything less than flattering.

I'm not saying that it happens here, but DO ask yourself what motivates the people here. The only thing you can do wrong at this point is to be naive and let someone take advantage of you.

Good luck. We're here to help. Free. Most of us, anyway....

et tu? you say?

I once referred someone with a problem to John and they were very pleased with his advice whatever it was.