Eos-Nordon student loans,DO NOT PAY OFF, 2011
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Topic: Eos-Nordon student loans,DO NOT PAY OFF, 2011
Posted By: Studentdeep
Subject: Eos-Nordon student loans,DO NOT PAY OFF, 2011
Date Posted: 04/May/2012 at 12:47pm
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Eos-Canada, formally Nor-don collection agency. I had been paying HRDSC the rest of my debt, after paying them off , their rep says " o, you might still have a ontario portion".WTF. I call the ontario people, explained that they never sent me any communication on a default. They claim, they don't have to send anything, you have to call us. Anyway, they tell me i have no choice, if i wanna pay the loan off, the remainng $6,000, i will have to call EOS collection agency. I have a good job and was willing to pay it off in a lump sum. My goal was to pay off my student debt. at this point my credit history shows that my student loan has been " paid as agreed" and " transfered'. My credit was very good. So i contacted them in good faith  , said i would pay them full amount, so long as they did not report it. I did just that fooolish thing.that was june 2011, in October 2011, i get a credit alert, my credit had fallen from 700 to 550, and they reported a paid collection account. with June 2011 as the deliquency date, not january 2008 when it actually happened according to original creditor . I had read that paying off student loan was a nightmare, but it is actually the stupidEST thing to do these days. It ruins your life. let that be a lesson to all students, don't bother with paying off that stuff. Now, that i look at all the credit advice out there, that is what financial experts are saying to debtors. SO, DONT PAY THE COLLECTIONS, THE OUTCOME IS MUCH WORSE IF YOU PAY THEM. You will suffer more negativelyCREDIT wise if you pay off. The government doesn't care, why should we? as for me, i paid all my debt, it will take another 10 years to fix my credit and bring it back to normal. For anyone who does not have recent experience, they are all the same, Collection agencies, ontario OSL. Don't call them. Don't bother. Payoff the HRDSC portion, feel good that you did what you could do. Let them garnish taxes until it pays it self off. Best advice, i can give.------------- LESSON LEARNED. |