CiBC and Edulinx Horror Stories - CIBC Student Loans In Collection

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CIBC Student Loans In Collection

Printed From: CanadaStudentDebt.ca
Category: Dealing with the Banks!
Forum Name: CiBC and Edulinx Horror Stories
Forum Description: Problems with CIBC and Edulinx!
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=2994
Printed Date: 26/March/2026 at 10:41pm
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Topic: CIBC Student Loans In Collection

Posted By: SolveStudentDebt
Subject: CIBC Student Loans In Collection
Date Posted: 14/September/2005 at 3:49am

Hi folks!

Many people here are faced with CIBC student loans (bank-risk) that are assigned out to third-party collection agencies. The good news about these loans is that the CIBC supports repayment arangements and are not over-zealous to sue a debtor.

Collectors are sneaky in their efforts to recover debt, and most of what they tell you and do is NOT inputted in their notelines on your acoc**t at that agency. This is a common trend in that industry.

If a collector feels that by threatening or commencing legal action will serve their need to earn a commission dollar with more ease, then they will excercise them.

By comparison, the CIBC is more strict in their guidelines when it involves third-party collection agencies. In other words, collectors do not get away with as much with CIBC as they do the Royal Bank.

The CIBC will listen to both sides rather than JUST the collector's - agency's.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Replies:

Posted By: jrmevans
Date Posted: 14/September/2005 at 6:41am

That is very good to know. Considering I have students that were done through CIBC, and have been pursued throughed NCO. Hopefully, someday, i will get the loan paid off, but till then I just send my monthly payment in. Not much else I can do ...