credit rating
Printed From: CanadaStudentDebt.ca
Category: Other Topics
Forum Name: Describe your Debt Load!
Forum Description: Post stories of your debt and how it affects you and your family
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=915
Printed Date: 26/March/2026 at 10:30pm
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Topic: credit rating
Posted By: Debtridden
Subject: credit rating
Date Posted: 08/April/2004 at 9:22am
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Hello, I just pulled my credit report to check out the status of my Student lons that I defaulted on. The provincial loan is rated I1, which was paid off by 2003 tax return . My federal loan has a rating of I9. Now my question is, does this mean my federal loan is written off? Or not ?
regards, |
Replies:
Posted By: hunter
Date Posted: 08/April/2004 at 10:12am
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I would have to say not.
As the federal part is not listed on your credit file. Or at least mine is not. |
Posted By: SolveStudentDebt
Date Posted: 09/April/2004 at 8:03am
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Hunter is correct here. Crown loans do not report anything further once the bank has been reimbursed. The worst rating a Crown loan can reflect on a credit portfolio is "O5". This comes into effect once the federal government fulfills the guarantee and the bank holds no further responsibility. Johnny
------------- 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: 09/April/2004 at 8:04am
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The "I9" rating would be attached to a provincial non-guaranteed or risk/risk-shared stuentloan that is held and owned by the bank.
------------- 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 |