Dealing with Abusive Collection Agencies

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Default student Loan

Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Dealing with Abusive Collection Agencies
Forum Description: Help can be found here for dealing with these problems!
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=2386
Printed Date: 26/March/2026 at 10:30pm
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Topic: Default student Loan

Posted By: can_university
Subject: Default student Loan
Date Posted: 16/March/2005 at 11:35am

Hello

My name is nIcole and i am hoping someone can help me out with a little information. I am currently still in school but have been informed my Student loan has gone default and to a collection agency. They said i never sent my shedule 2 form to prove i was in school. So i got a phone call from a collection agency the other day and he had me in tears. i owe 18000.00 and i have 2 years left to finish my nursing degree. He told me to borrow the money and pay it in full. Or my payment would be $800 a month. I am so upset. I finally said i could get another job and maybe pay 200 a month. But i dont know how i will do that. I think i could afford $100 and still stay in school. but will they allow me to do that. that wont even cover the interest. So, basically i need to know....Is there a minimum you have to pay back. i dont want them to garnish my wages.

Thank You

Nicole

Replies:

Posted By: SolveStudentDebt
Date Posted: 16/March/2005 at 12:21pm

Hi Nicole,

Did you send a COE (confirmation of enrollment - Schedule 2) in initially?

If you would like some help, contact me.

John LeBlanc
The Canadian Financial Wellness Group

Tel: (902) 464-8727

http://www.cfwgroup.ca - http://www.cfwgroup.ca

Posted By: mesonic
Date Posted: 16/March/2005 at 12:44pm

Hi Nicole,

The EXACT same thing happened to me. Did you send the Confirmation of Enrolment? I did...twice. THey still sent me to collections. However, after a LONG and VERY miserable battle with the bank. I have finally got them to agree to take the loans back. I had to go through MANY MANY different people but it can be done. You should not have to suffer for the bank's errors. Be persistent with them. Demand that they do something to help you. Don't take no for an answer. Which bank are you're loans with. If they are with CIBC I may be able to point you to a starting point to getting something done.