2001 NB Provincial Loan
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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=6481
Printed Date: 26/March/2026 at 10:42pm
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Topic: 2001 NB Provincial Loan
Posted By: scartears
Subject: 2001 NB Provincial Loan
Date Posted: 24/June/2012 at 1:03pm
- In 2001 I took out a NB Provincial (6k) and Federal Loan (6k).
- I never paid either due to hardship.
- In May 2006 I declared bankruptcy, was discharged in early February 2007 so at that point, I acknowledged the loans.
- I have never ever been contacted regarding my provincial loan, ever. No calls, no letters, nothing. I wasn't even sure the loan existed to be quite frank and even suspected my grandfather has paid it off before he passed. The federal Gov has always harassed me, taken my tax and gst but never the provincial.
- On Friday, I received a letter in the mail dated June 15th, 2012 from the Province of NB as a friendly reminder that I owed $6000.00 to the provincial gov and my taxes would be garnished (I guess they will need t fight with the Federal Gov?)
Questions:
1. Hasn't my 6 year mark gone by in May 2012?
2. Why are they only contacting me now after 11 years? The weird part is, in the one page friendly reminder I received, they claim I will be charged interest, well since my loan is still at 6 grand, that means they haven't charged me any interest in the last 11 years?
Did they just find this loan in an old filing cabinet recently or what??
I'm really hesitant of acknowledging this loan...
As a separate question...
Do they make arrangements for couples with student loan debts? My fiancee was served back in May 2011 and we've been paying CRA $335.00 a month since then, well now I'm scared I'll be served and we really can't afford to give them more money...can these loans be consolidated?
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Replies:
Posted By: scartears
Date Posted: 24/June/2012 at 2:02pm
Actually, another question because now I am freaking out! Can they now report this loan to the credit bureau 11 years later? It has never showed up on my report (the federal loan did). As I mentioned, I was discharged from bankruptcy in Feb 2007 therefore as of Feb 2013, my bankruptcy will fall off my report.
Now that this random provincial loan showed up 11 years later, I'm freaking out that all of the hard work I have done in the last 7 years to re-establish my credit will be ruined?
Is this even possible?
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