Old loan I started to pay
Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Collection of Old - Stats Barred - Loans
Forum Description: Post questions about old loans and Statute of Limitations Issues
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5782
Printed Date: 27/March/2026 at 3:59am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: Old loan I started to pay
Posted By: jaxxon
Subject: Old loan I started to pay
Date Posted: 18/May/2010 at 4:56pm
|
Ok...graduated 1997 defaulted right away......started getting contacted in 1999....harassed in 2002 and then nothing.....until 2008....I started making regular monthly payments....the original balance was $6200 and with the interest it became $8750ish.....I have volunteered to pay $200/month and have made good on that and even threw in more if I had it....debt is down to $4500 :) So I get these financial assessments every few months....I dont fill them out....I pay over the 3% of the balance so I ignore the questionnaire everytime without hassle....two weeks ago a Mrs Gage from Nordon calls me at the business number to the building where my business is but that number doesnt belong to me....they call me to the phone and this woman demands payment in full and tells me that I have not tried to secure a loan to pay the entire amount and that my payments are no longer sufficient and are not agreed anymore....I of course laughed and told her to chase those that arent paying instead of harassing those that are and in the future this number is completely off limits and I requested all correspondence in writing several times. She proceeded to tell me that she would call that number everyday until she either got payment in full or I proved to her I tried to secure a loan....I again laughed and informed her that because her company keeps making 'inquiries' on my credit with no provocation that my score is being affected and a loan is out of the question and I refuse to lower my score any more than they have by applying for one :) She hasnt called back since but did send me another assessment as well as a separate letter dated the same day saying that my $266.56 agreed payment was no longer viable.....I have never agreed to that amount EVER nor have I ever paid such a weird amount.....unfortunately for her I do all my paying through internet banking and have every transaction accounted for...... Now my question is...do I have to fill that stupid assessment out? I am self employed and I dont want to have to dig through any of this and that if I can just keep paying and be done with it... and also, is she allowed to tell me that my payments are not ok anymore.....heck, I have paid half the loan down....shouldn't she chase people that haven't????? |
Replies:
Posted By: Madmorrigan
Date Posted: 19/May/2010 at 6:43am
|
They see that you're paying and they want more because they figure it's easier to go after someone with money than someone without....simple. Personally, I would ignore the assessment and make sure you record any calls that come in--then file a complaint with the Consumer and Business Services office, or whatever it is they call themselves now. Worst case scenario, they take you to court and you prove you've been paying, they get nothing more (likely will not come to that, though!). Good luck! |
Posted By: SolveStudentDebt
Date Posted: 19/May/2010 at 6:43am
This is how most collectors handle such an objection from their targeted party. They like to throw around this pseudo authority that they do not have to listen to or abide by your requests.
You should be a little more careful with your reaction and behavior in situations like this. This is what prompts collectors to make political statements that could affect you. All the collector has to do is demonstrate to the loan provider that it would be in their best interest to litigate. SOme agencies are known for this.
Depends who is looking for it. If it is a government debt then they place mandates on borrowers to provide such information.
Unfortunately, they are permitted to refuse an arrangement if they detemrine that it is unsatisfactory. This is why they want those financial assessment forms to be completed. This is how people illustrate their inability. The problem is that collectors use information against people rather than to help support their claims of inability and hardship. You have to be able to break through that common barrier that collectors put up. The CFW Group specializes in help people do that. Collectors do and say the darndest things.
If you need help you can contact privacy. ------------- 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 |
jaxxon wrote: