Collection of Old - Stats Barred - Loans - Equifax & Revenue Services of B.C.

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Equifax & Revenue Services of B.C.

Printed From: CanadaStudentDebt.ca
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=6751
Printed Date: 27/March/2026 at 2:16am
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Topic: Equifax & Revenue Services of B.C.

Posted By: JaxxDebt
Subject: Equifax & Revenue Services of B.C.
Date Posted: 28/September/2013 at 6:41am

I received a disclosure of my personal credit file from Equifax today. The only loan on the report is my B.C. Government Student Loan that Revenue Services B.C. is trying to collect - even though ARC has sent me a letter in August 2013. My last payment to the B.C. government for my student loan was on April 20, 2007, yet the Equifax report shows that my B.C. student loan did not go delinquent until June 11, 2009. That is four years and four months since I stopped paying. It also states that from December 1, 2009, to September 3, 2013 there were "46 reportings for the instalment account with a monthly payment frequency and was reported delinquent 46 times."

I get a monthly statement from Revenue Services (which I can't pay) and they are reporting this to Equifax as delinquent each month. Each month is listed for the last four years.

What does all this mean? I thought the loan would be reported delinquent once by the B.C. Government before it went to a collection agency.

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Jaxx

Replies:

Posted By: SolveStudentDebt
Date Posted: 29/September/2013 at 7:28am

For one, in many cases you can't go by some of what is reported because it is either inaccurate or not up to date.

Trans Union and Equifax report what they are given. If it is incorrect data then it is up to the bureau to investigate once it is brought to their attention.

Each time the BC government's private collection agency (BC Revenue Services owned by a private company) sends through reports to the bureaus that is what shows. In your case it is being reported every month as delinquent without any payment arrangement. The actual date of default is not something you would see on a credit report. The date of 2007 is likely the date that they first reported to the bureau and will continue until it no longer permitted to report it. The onus is on you and the bureau to find errors and whatnot, unfortunately. Creditors do a lot of shady things to further complicate the lives of their delinquent clients.

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

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