Loan sent to collections while on interest relief
Printed From: CanadaStudentDebt.ca
Category: Government Program Problems
Forum Name: Repayment Assisstance Plan (RAP) Issues
Forum Description: Rules, regulations and problems (Formerly Interest Relief and Debt Reduction)
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5457
Printed Date: 27/March/2026 at 2:02am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: Loan sent to collections while on interest relief
Posted By: Guests
Subject: Loan sent to collections while on interest relief
Date Posted: 07/October/2009 at 6:43am
 I am tempted to sue CIBC. They sent my loan to NCO collections for the time I was on interest relief. Now I am in the process of trying to get it out. Help Help Help Any suggestions?
|
Replies:
Posted By: administrator
Date Posted: 07/October/2009 at 1:29pm
|
You need to escalate this issue as high as possible..... otherwise it will wreak havoc on your credit bureau etc...
Are you dealing with NSLSC or CIBC? ------------- Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024 |
Posted By: paulaffleck
Date Posted: 07/October/2009 at 2:03pm
| Talk to a lawyer who does civil litigation. After that, you won't feel tempted anymore - unless you are willing to spend double what you might get, on the process of getting it. Litigation is just a great way to feel REALLY disappointed and disillusioned. |
Posted By: administrator
Date Posted: 07/October/2009 at 5:27pm
|
I echo what Paul says... with 6 years of experience running the site, lawyers have been very ineffective in resolving student loan issues.... and I tried to sue once for fraudulent misrepresentation of my masters degree..... they changed the description, and some professors have privately apologized to me and admitted that they should never be marketing it as a two year program, but the justice system was useless. I talked to three lawyers... two said it would take 60K just to get it to court, and another 80k when they appeal it. I ended up suing in small claims court but the process just got frustrated... and the lawyer who was to show up cancelled two days before the hearing and forgot to tell me to wait till I was clear of my bankruptcy before filing the small court claim.... bankrupts cant sue....
So yes, go after CIBC to make sure your issues are dealt with, but I found standing on the sidewalk handing out BOYCOTT CIBC flyers far more effective :) but they're such a dsyfunctional company that it had little effect at the time. Finding out the hotel where the CIBC president was staying during their annual shareholders meeting and having everyone on the site phone him to leave a message to fix their problems may have had a bit of a ripple.... ------------- Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024 |