On welfare, Quebec loan repayment
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Topic: On welfare, Quebec loan repayment
Posted By: ncote
Subject: On welfare, Quebec loan repayment
Date Posted: 31/May/2006 at 6:15am
Hi all,
I am on welfare (approx. $525/month), and I've reached the time limit on my Quebec student loan payment deferral plan. My bank (Banque Nationale) is taking the $200 payment straight out of my bank account. Can anyone suggest what my options would be?
According to http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1105620722021_25/?hub=Canada - this article I should be able to defer indefinitely but the Quebec Aide Financière office doesn't agree; they rejected my appeal.
In any case, is it likely that an offer to pay back something like $10-$20 per month would be accepted?
Thanks for any help you can give me.
Normand
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Replies:
Posted By: BigFatherA
Date Posted: 31/May/2006 at 2:28pm
First get a bank account at a different place. In QC I'd
recommend a caisse populaire (credit union). Otherwise you might
not be able to prevent them from hoovering $200 every month, and $525
is marginal survival anyway.
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BigFatherA
Priest & Teacher
non carborundum illegitemi est
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Posted By: ncote
Date Posted: 03/June/2006 at 7:19am
Thanks for the suggestion. I just got an account at the Caisse Populaire Desjardins.
Now this solves my immediate problem, but that doesn't let me off the hook. Can anyone comment on the following courses of action:
1 - offer a small monthly payment to the bank until I can get a job
2 - simply don't pay and let the interest build up and my credit rating suffer
3 - appeal to some authority, but which one?
Again, if anyone knows whether the following news is accurate, I'd appreciate a comment:
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1105620722021_25/?hub=Canada - http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/11056207 22021_25/?hub=Canada
Thanks for your help
Normand
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