Archived Urgent Help Needed Posts - CBV Collections.. scotiabank visa debt.. help?

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CBV Collections.. scotiabank visa debt.. help?

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Topic: CBV Collections.. scotiabank visa debt.. help?

Posted By: Debilitation
Subject: CBV Collections.. scotiabank visa debt.. help?
Date Posted: 14/June/2013 at 2:49pm

Okay, so.. Story starts here, 4 years ago, I went into debt.. with an overdraft and a visa.. I'm 2,880$ in debt... lmao not that much right?

I know, but still. I am working 16 hours a week (which is completely pathetic) and have a 2 year old son and a fiancee I am marrying in August.

I cannot AFFORD the 1,379$ settlement they gave me.

I paid 100$ to scotiabank, here where I live a few months ago, but CBV was never told this by scotiabank, they told me I should have paid CBV and had lost my 100$.

CBV has been contacting me since January, then stopped for a few months.. Just today they contacted me back, a guy named Amar, said he was the senior officer and told me if I don't get it paid by monday the 'client' (which would be scotiabank) would make a report on my credit saying unpaid and Amar said I wouldn't be able to get a mortage, loan or even a car or anything that deals with loans for 7 years. I was freaking devastated.

I told him I couldn't come up with 1379$ I could barely afford groceries for my family yet alone my 346 car payment and 825 rent. My entire family lives in a different province and I never talk to them.

A few things:

I have not recieved a letter from them stating my balance or whatever.. they just call me.

They have told me I cannot make monthly payments WHICH I am willing to do, they told me I should pay in full and borrow from a friend or family member or get a 'loan'

--

I am so confused on what to do and scared to even talk to them, I don't want to get sued and I don't want my credit to be messed up for 7 years. I am willing to pay them monthly but just cannot afford the 1,700 working only 2 days a week, what do I do? (I am trying to find another job but nobody has gotten back to me, i've had 3 interviews within the past 2 months and nothing.. hard to find a job where I am)

thanks for reading and sorry for the long post, please comment if I have confused you.. :)

Replies:

Posted By: Debilitation
Date Posted: 15/June/2013 at 5:04am

Just a quick update on this. I had called requesting a letter. He said it would be here (through email and mail)

I then got talking to him about paying off the 1400 & said it may be nearly impossible as I'm only working 16 hours a week and in the process of moving to another city at the end of the month to a 40 hour a week job.

I told him I would be able to pay it off in monthly installments or even every 2 weeks when I can afford it in July. He had rejected it and told me that he's just going to tell Scotiabank to pursue - or judgement against me and have me force to pay my loan when I was WILLING to finally do monthly or even bi-weekly payments.

He then was actually started to be rude and raise his voice, so I said.. Don't be rude or raise your voice to me please, I just want to know if I can make monthly or bi-weekly payments and he said no. The bank won't do it.

After I asked him to show proof of what the bank had agreed to (pursue me etc..) he started to raise his voice again.. then I said please don't be rude, I had requested you once to not yell or be harassive.
He then raised his voice and said "You know what sir, this is your problem not mine. I will tell the banks you do not want to settle this"

(Even though I have never said I would NEVER pay this, or reject any payments)

Then he hung up on me.. :l So yeah.. I really want to get this loan out of here but hes making it nearly impossible to even try, he just wants me to pay in a large sum. What do I do? :/

Posted By: SolveStudentDebt
Date Posted: 15/June/2013 at 6:44am

If you can't pay it you can't pay it. It is that simple. The collector has only two options here - accept whatever it is that you are proposing. Some colelctors resort to yelling and talking above and down at people as a method of setting a higher level of urgency that you act on what is being demanded of you. It's that "or else" factor that stimulates fear responses from you, as you'ce clearly described above.

I can tell you what to say and when to say it, but at the end of this day or the next it is going to be a time consuming and constant battle between you and the collector, and you will be coming back to me saying this or that happened, so "what do I do next". If you would like mediation I can go over your desired results with you and help get you on the right road without having to dea with that nonsense anymore. It is a service so there are fees, depending on the scope of work involved. In this case, it is really inexpensive because it won't require me a great deal of time to do this for you.

If you want this service, fill out a request for mediation at http://www.cfwgroup.ca" rel="nofollow - www.cfwgroup.ca in the contact page. Heather or someone in her area will get back to you within a day (or less).

Best!

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Posted By: SolveStudentDebt
Date Posted: 15/June/2013 at 6:46am

Forgot to write in the second collector's option - see above.

2) determine if there is a legal avenue to push. If there is no legal avenue then it is a waste of their time and money.