I won't go too deep into the details but, near the beginning of 2005 my wife applied for IR and recieved the confirmation letter stating expiry was August, 2005... 6 months later she reapplies for IR and is then informed, over the course of 3 months, that IR was never approved and the loan was now in collections.  ?????????

After another month of badgering I finally managed to get them to admit that what I was looking at was a typo and interest (and bad credit reports) had been accumilating since.  After too much work from my end the file was sent back from collections.. While attempting to apply for a revision of terms we were informed that interest must first be paid.. WHY should we pay for someone elses mistake????  Because nobody would put it in writing that they F#$%^& up...

I am being told that it is impossiible to have the credit reports reversed and that interest will continue to accrue. 

Starting to wonder if I should make some sort of an offer to pay half the interest and see if they will bite.. As for the bad credit rating she has received over this, I am at a complete loss.. How can they screw a young family over like this??? I am currently on a LTD and my wife works as a casual (not full-time hours). 2 8 year old twins and an 11 year old make it extremly difficult in BC without credit. EVERYONE LOOKS AT YOUR CREDIT RATING NOW!

Unfortunately, I myself had to declare bankruptcy 4 years ago and do not expect any good on my rating for another 6 years,

Advice needed PLEASE!!!!!