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Bank account frozen

Printed From: CanadaStudentDebt.ca
Category: News, Announcements and Alerts
Forum Name: News, Announcements and Alerts
Forum Description: Recent news stories and Announcements
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=4359
Printed Date: 27/March/2026 at 2:17am
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Topic: Bank account frozen
Posted By: angcbaker
Subject: Bank account frozen
Date Posted: 11/July/2007 at 5:20pm
Interesting how on June 28th I spoke with CBC newsradio one program sounds like canada regarding my Canada Student loan and how now all of a sudden today my bank was served papers to freeze my bank account.  So now my rent cheque didn't go through and my account is frozen for the remaining 4599 dollars I owe for the student loan i won't be able to make my car payment on Monday as they are now holding my cheque going into account on the 13th. I have no groceries as i was trying to purchase groceries when it came back saying insufficient funds.  I need gas to get to work so now i guess i will have no job.  Gotta love this country tell everyone you know not to ever get a student loan.
 
angela



Replies:
Posted By: frustrated-guy
Date Posted: 12/July/2007 at 2:34am
I would call up the CBC and ask them to tell what happened to you after you spoke to them.   Hopefully, with publicity this will get fixed.


Posted By: SolveStudentDebt
Date Posted: 12/July/2007 at 5:46am

Who served the bank with papers? Is the student loan a government guaranteed loan, or a debt owed to CIBC, RBC, or Scotiabank?

If you have a bank-risk student loan in default, and have an account at that bank, and there happens to be money floating around in it, the bank will perfrom an off-set and gaff those funds to apply to the loan(s).
 
If this is the case and it has caused you to fall backon rent, you can demonstrate that to thm and they should release money back to you.
 
Please tell me more and I will see what I can do to 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


Posted By: angcbaker
Date Posted: 12/July/2007 at 6:16am
I have two outstanding loans that i have been making regular monthly payments on monthly without missing for about a year.  one is to alberta restrucuring and one to what is now called social development canada.  I agree that yes i defaulted in the past badly but have been trying to get back on track for a year now.  It was the alberta one that returned junes cheque without even opening the envelope and they are the ones that took it to court of queens bench and then to the bank I was never  notified of this never spoken to never given anything in writing other than a couple months ago stating that the payments i was making are fine which i can't find right now (the search is on)  i don't know I guess i just need to deal with it by trying to get a loan or something if anyone will even touch me and then take care of the other one too as i suspect that this will probably happen with that one too as the lady from social develpment (which is actually nco collection agency not a government agency) said that they liked my comments on the radio how everyone found out i don't know as i never heard myself on the radio and the show was eastern canada.  as for speaking to the media again I was asked to this morning and have refused as I really don't want anymore trouble and am pretty upset facing homelessness in 10 days and only have a half tank of gas left so will get me to work for about 3 days I go on holidays for two weeks next friday but doesn't help me and the kids when the day that my holidays start we have to be out of our place.  anyways just don't borrow money really think especially if from the government I wish you all the best.
 
ang


Posted By: Dunker
Date Posted: 12/July/2007 at 12:59pm
Another payment option you might consider is to pay the collection agency via online banking, after adding them as a payee.  It will save you the price of the stamp.  That's an extra 51 cents you can put towards your debt.  You can then have better control of the payments you make: when and how much.   And they will no longer have the opportunity to return your paper checks to you, om tje unopened letter.
 
When I consider all the trees that Collectcorp have cut down just to send us their annoying correspondance, it gives me some satisfaction to know that I'm doing my part to cut back on the paper waste going to our landfills by going paperless in my debt repayment efforts.


Posted By: SolveStudentDebt
Date Posted: 12/July/2007 at 3:13pm
Ang,
 
What collection agency, including location, is it that has mistreated you in the past? What have they done and said to you in the past?
 
You can contact me for coaching and such if you need it.
 
Johnny


-------------
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


Posted By: angcbaker
Date Posted: 12/July/2007 at 6:21pm
Johnny,
 
I will be contacting you shortly probably next week or on my holidays which start July 23rd to help me deal with my outstanding collection which is with NCO but they are calling themselves social development canada.  NCO is one of the worst harrassing collection agency i have ever dealt with the previous ones were bad to but these guys take the cake talking to my kids saying they are going to take our car etc and discussing my debt with them.  I do not recall the names of the previous ones as it seems to get passed around to different companies a lot without notice. I would contact you sooner but as you can tell i have a lot to do in the next week to get stuff straightened out with the seizure of my account and i can't really take any more time off work I work in an office where I have people there all the time I don't want to discuss it there.  I am not answering the phone to NCO untill I can get a device for the phone.
Have a great evening.
angie


Posted By: angcbaker
Date Posted: 12/July/2007 at 6:32pm
Johnny,
 
NCO that I am dealing with is out of Edmonton.  I don't have a specific worker it seems to get passed to this person that person because I can be pretty tactical on the phone and typically when they kids answer they just put the phone down and let them chat to nothing.  the last lady that called I asked her why she keeps phoning when i am making payments she said they want more money and that they now want me to fill out monthly income and expense statements then she made the comment of the radio broadcast saying how it sounded pretty interesting I was taken aback they seem to always know things about you that they shouldn't I got mad and I told her to bleep off and to take me to court she started screaming then that they will ruin me and that she is the government and I shouldn't be telling the government to take me to court I then couldn't take anymore and slammed the phone down in her ear because it urks me more than anything that they call themselves the government when they aren't they make 10 buck an hour working at a bloody collection agency and probably only get a commision if they get more out of us. when you call them back and they answer NCO not social development.  I can probably expect trouble with them now too also that one is confusing my payments are 86 dollars a month but they keep sending statements that make no sense and the monthly amount owed shows at 303 why is that when they agreed to the 86.  and then my total owing is never the same it jumps up down all around. I will keep you updated.
 
ang


Posted By: SolveStudentDebt
Date Posted: 13/July/2007 at 12:35am
I will show you how to deal with this and get results.

-------------
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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