Outstanding NS Student Loan
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Printed Date: 27/March/2026 at 2:02am
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Topic: Outstanding NS Student Loan
Posted By: betaraybill
Subject: Outstanding NS Student Loan
Date Posted: 21/May/2013 at 4:28am
Hello All,
I have an outstanding Nova Scotia student loan from 2003. Right now it
stands at around $6000. I have never made a payment or acknowledged the
debt. Until recently I've been content to let the government garnish my income taxes
and GST cheques and apply that (approx $1200 per year) towards the debt.
Recently I received a letter from Service Nova Scotia & Municipal Relations stating that if the debt is not paid back immediately they could seize my bank account and garnish my wages. I don't have a bank account and get paid by cheque. If I continue to ignore these letters (2 in past 8 months) will they take action or is this just posturing on their part? And if they do take action can they actually do anything where I don't have any assets and get paid by cheque?
Bill
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Replies:
Posted By: philbain
Date Posted: 21/May/2013 at 4:17pm
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In my experience in BC they follow through, so best to deal with it. Johnny and th team from cfwgroup helped me. If the CRA issues a judgement against you and attains it in court then they can clean out your bank accounts and garnish your wages...and they will if you are uncooperative.
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Posted By: coreyclark315
Date Posted: 27/May/2013 at 7:15pm
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In my knowledge they have the authority to make your loan
default and this can affect the financial record. Then you will not be able to
get loan assistance in future and also you have to face additional interest
charges on your loan. It might be possible that you will face some legal
actions also.
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