Dealing with Abusive Collection Agencies - Collectcorp refusing payments

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Collectcorp refusing payments

Printed From: CanadaStudentDebt.ca
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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=3800
Printed Date: 27/March/2026 at 4:20am
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Topic: Collectcorp refusing payments

Posted By: Jayleblanc
Subject: Collectcorp refusing payments
Date Posted: 20/September/2006 at 11:33am

When I was younger I had a few financial issues and went bankrupt. I was unable to pay student loans for a while.

I was contacted by Total Credit Recovery for my provincial student loans and have had problems making payments with them. They have never hassled or threatened me either.

It is my Federal student that is the problem. I was contacted by Collectcorp over 4 years ago and started making payments. I have made payments up until May, 2006. Then Collectcorp told me the Royal Bank took my loan back, man what a chase to find it and when I did they told me Collectcorp always had it. Royal Bank does not take loans back from collection agencies.

I finally got back in touch with Collectcorp. They found my account and started threatnening me to pay the entire loan or settle. I do not have the money to settle.. I wanted to start making payments. I eventuall spoke to Brian (who says he is a manager) and that the Royal Bank has reclassified my student loan and that they would not accept any other monthly payments from me.

They are pretty much saying that I have to settle or go to court with them. Are they allowed to not accept my payments and do this?

What are my rights n this situation?

Replies:

Posted By: Ihateregisterin
Date Posted: 08/March/2007 at 1:05pm

I had a lovely call from collect com...same stuff threatts all they want is 10 percent of the loan every month...I laughed and then he said theyll garnishee my wages ...he also said he would refuse any payments I sent him...and I refused to cooperate with him by not sending my information on the sheet he sent its got everything but my dick size... what next I dunno.