Archived Urgent Help Needed Posts - Settle Debt less interest.

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Settle Debt less interest.

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Topic: Settle Debt less interest.

Posted By: jaylstone
Subject: Settle Debt less interest.
Date Posted: 02/April/2013 at 9:31am

I have an outstanding student loan from 91-92 sometime. The interest has of course piled up since to the point of almost doubling the debt. I have now rcvd an opportunity through family to pay of the principle of the debt less interest. Will there be any chance that I could call Canada student loans and have them take this seriously? and clear all debt.
The reason this loan has been left so long is the school I was using went belly up. I was always told by all involved at the school that the provincial portion is always used 1st then I would have to apply for the federal portion. I am not good on the phone at all and all prev calls to their office has been met with no conversation just demands to pay loan. Again all this time I thought i owed nothing to the federal Gov. I did, late last year, get someone to listen, discuss and provide me with important information that led to me confirming that the federal portion had been used and the provincial hadn't.

Replies:

Posted By: administrator
Date Posted: 02/April/2013 at 9:40am

This loan might be statute barred. Check our forum on that topic.... What province are your loans from?

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Mark OMeara
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Posted By: jaylstone
Date Posted: 02/April/2013 at 9:50am

The original debt was in BC and I am currently in AB. I have technically made payments as it was part of an attempted consolidation that we defaulted on. Not sure of the year we did that. Early 2000's. Also I have had taxes taken to pay down on the debt.