Collection of Old - Stats Barred - Loans

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Odd situation

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=6836
Printed Date: 26/March/2026 at 10:42pm
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Topic: Odd situation

Posted By: Plomobic
Subject: Odd situation
Date Posted: 25/February/2014 at 7:26am

Hi, I have an odd situation, I defaulted on my student loan from 2007 and it went to collections, I then re-enrolled in school and rehabilitated the Canadian portion of the loan, but as the Ontario portion wanted payment in full it was not rehabilitated and remains in collections. So for the past four years I have only been receiving the Canadian portion and have not touched the one in collections. The one in collections has been taking my tax refund every year and now sits at about 13000, I just viewed my equifax report and the date of last payment way in July 2009. So am I right in assuming that it will be wiped in just over a year? I want to pay it, to get it off my report, but that will take longer then if it just goes of my report in just over a year. Should I let it drop off and then repay it?

Any help is appreciated.