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A few Questions

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Forum Name: Archived Urgent Help Needed Posts
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5954
Printed Date: 27/March/2026 at 12:33am
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Topic: A few Questions

Posted By: 1996Debt
Subject: A few Questions
Date Posted: 26/October/2010 at 7:51am

I have owed my student loan (I don't even know which part now.) apparently since 1996. I paid my Student Loan in full after getting my education and thought I was paid off in 2000. A few years later I got a call at my parents house and was told it was a collection agency and that I owed 6000.00 to student loans. So I started paying sporatically. In 2008 I got hired at CIBC and low and behold ARC ended up sueing me and sending the documents through interoffice mail! (CIBC is the original holder of my loan.) Anyway, I went through with answering the papers and agreed to pay $50.00 bi-weekly - which really does nothing to pay the loan considering now it's well over 8000.00 because of interest. Now I no longer work for CIBC and am not employed anywhere at the moment.

My question is this - why don't collection agencies send monthly bills - especially when you are making payments? How can I get monthly statements?

My second question is - can I make larger payments sporatically without them expecting the big payments all the time?

Thanks for the help. :)