Archived Urgent Help Needed Posts - Debt Consolidation/ Bank change

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Debt Consolidation/ Bank change

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Forum Name: Archived Urgent Help Needed Posts
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=3798
Printed Date: 26/March/2026 at 10:30pm
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Topic: Debt Consolidation/ Bank change

Posted By: 1stepforward2bk
Subject: Debt Consolidation/ Bank change
Date Posted: 19/September/2006 at 8:33am

Hi all, its good to see that this forum is still up and running although it would be even better if there was no need for it.

Just a question...

I have an account with CIBC which holds 2 student loans and a personal loan. They are not willing to consolidate- because they say I have "no net worth". Well, they won't give me a mortgage so that would be why I don't own a house. My credit rating is not bad but it could be higher because apparently I am not paying down my student loans fast enough.

Is there anyway I can transfer everything to another bank/credit union? What are the chances of that happening. I hate CIBC... I want out!!!!!

Any suggestions?- I am guessing no other institution will want me but I would rather be paying the interest to someone other than CIBC.

Any suggestions would be appreciated! Thanks!