Collection of Old - Stats Barred - Loans

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CSL2

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=6959
Printed Date: 27/March/2026 at 12:33am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: CSL2

Posted By: fireyesblue
Subject: CSL2
Date Posted: 10/October/2014 at 2:02am

Hello -
I have an old Student Loan issues through BNS from approx 1998-2000. I already paid off one portion which I thought was the only portion. I started receiving calls and letters from various collection agencies regarding an $18K debt which was new to me. In the 12+ years, no paymens have been made or acknowledgement of any kind. I just received a statement from Social Development Canada requesting the payment in full or payment of $500 by Oct 18.
I'm assuming the Gov had bought back this loan? What would be their next step? Can they freeze my bank account? Wouldn't this loan be long overdue for them to collect? I am a stay at home mom and don't have an income. Thanks for the guidance.

Replies:

Posted By: administrator
Date Posted: 10/October/2014 at 10:24am

Do not send anything in writing until you verify whether this loan is statute barred or not. You may want to contact John Leblanc at CFW Group to investigate the loan for you. He charges fees but can determine whether the loan is statute barred without accidentally resetting the clock on the loan.

For more info there is a subforum on statute barred loans here:
http://canadastudentdebt.ca/forum_topics.asp?FID=90&title=collection-of-old-stats-barred-loans" rel="nofollow - http://canadastudentdebt.ca/forum_topics.asp?FID=90&title=collection-of-old-stats-barred-loans

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024

Posted By: fireyesblue
Date Posted: 12/October/2014 at 10:16am

Thanks for responding. What's the likelihood that CRA would freeze my bank account in this situation? Would it happen after receiving just one statement for payment? Thanks!

Posted By: administrator
Date Posted: 13/October/2014 at 4:50am

I'm not sure what Social Development Canada is. I've never heard of that before. It may be a 'official looking' notice but not really from the CRA or from the government but actually from a collection agency trying to look official - and trick you into making a payment which would cause you to lose your statute barred protection.

From a search, Social Development Canada was no longer in existence under that name after 2006.

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024

Posted By: fireyesblue
Date Posted: 14/October/2014 at 3:20am

Thanks Mark. It was from:

http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB8QFjAA&url=http%3A%2F%2Fwww.esdc.gc.ca%2F&ei=6jA9VN2uF4eSyQSOg4GoCg&usg=AFQjCNGa2ln5CHYlq7eKuGMxGPjWjUj6_g&sig2=anwOhWBL817uCQLkxH1NAA&bvm=bv.77161500,d.aWw" rel="nofollow - Employment and Social Development Canada (ESDC)

In the past, I received documents and statements from either CRA or from HRDC. This is a new one that I am not familiar with myself, and wasn't aware, they even tried to recover old student loans.

Posted By: fireyesblue
Date Posted: 18/October/2014 at 6:12am

Turns out HRSDC has been rebranded - FYI.

"The Department of Human Resources and Skills Development Canada (commonly known as “HRSDC”) has been rebranded as the http://www.hrsdc.gc.ca/eng/home.shtml" rel="nofollow - Department of Employment and Social Development Canada (“ESDC”). http://www.humanresourceslegislativeupdate.com/general-employment/2013-federal-budget-no-2-bill-c-4-1/" rel="nofollow - As previously reported , this change was implemented by the coming into force of Bill C-4, the Economic Action Plan 2013 Act, No. 2."

Posted By: SolveStudentDebt
Date Posted: 19/October/2014 at 6:37am

It will be named something else sometime soon once someone up there gets tired of this identity.

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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