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A flawed contract

Printed From: CanadaStudentDebt.ca
Category: News, Announcements and Alerts
Forum Name: News, Announcements and Alerts
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=3912
Printed Date: 26/March/2026 at 10:41pm
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Topic: A flawed contract
Posted By: administrator
Subject: A flawed contract
Date Posted: 06/November/2006 at 8:42pm
This is what the service providers say....


Feedback provided by the Service Providers concerning the current incentive regime indicates that:
- The level of incentives provided under the contract does not make it worthwhile to be pro-active about
rehabilitating accounts, although the penalties are steep enough to ensure some minimum level of effort. The net result is that many accounts are allowed to go far too long without paying, which establishes a pattern of behaviour which is hard to break.
- In general, the incentives are not large enough to encourage performance that goes beyond the basics. Because penalties are high, the tendency is to do just enough to avoid being penalized.

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024



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