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will nor don keep their word?

Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
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=4123
Printed Date: 27/March/2026 at 2:16am
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Topic: will nor don keep their word?
Posted By: wakajawaka
Subject: will nor don keep their word?
Date Posted: 01/March/2007 at 6:56pm
Hello
Nor Don
was calling me collecting on a 6500 student loan
I  was offered a settlement of $3000,and was given a week to get back to them.Over the week i tried to get advice from everyone i knew( including my bankruptsy trustee).Everyone i talked to said take the deal. So i borrowed the money from my parents and got an advance at work and sold some stuff to come up with the rest.I called them back and told them id take the deal.They told me to go to scotiabank and deposit the money into a one way trust acount,they could see the money immediatly and then would send me a letter saying the account was paid in full. I asked the collector directly several times including 2 minutes before i paid the money,if this was it,i explained what i had to do to get the money and that i was concerned about getting another call,asking for the remainder,he assured me that i was going to recieve a statement saying it was paid.It has been 2 weeks and i have not recieved any letter,and can not seem to get the agent i was dealing with on the phone surprise surprise.
Also 2 days after i paid i recieved a letter from a attourney in calgary demanding payment.The letter was dated  during the week i was trying to come up with the $3000,
I realise now after reading stories on this site  that i was naive,i realise now  i should have gotten it in writing before i paid,i just didn't know what my rights were.what are the odds they will keep their word?
P.s i haven't recieved any more phone calls.
any help would be great thanks
W
 



Replies:
Posted By: SolveStudentDebt
Date Posted: 02/March/2007 at 2:16pm
NEVER take a settlement wothut getting written confirmation, and a release. This could be complicated. YOu should contact theagency and demanda formal release letter. If they refuse, let me know and I will help you out.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com



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