I have a credit report on hand and don’t know what some of this gibberish means, especially about the transferred or sold comments about my student loans. My loans are from 1999 and a last payment was made in 08/03. Would they have been written off?
In truth it doesn’t mean much to you, you still owe the money but now the debt may have been sold to someone else. Even written off doesn’t mean anything positive to you, as the debts would have then been sold to some third party collection company for pennies on the dollar, and they’ll continue trying to collect them.
Best to contact the original creditor directly and find out who you need to contact regarding the debt.
Good luck!
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This is a 30s TV Ad that I created while working at Soho (Toronto) for the Government of Canada promoting “Canada Student Loans”. I came up with the Creative Direction, Copy-writing, Art Direction, Story-boarding, as well as on-set supervision, and final post-production & animation using Adobe After-Effects.
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Sup!
My friend has some serious student loans, god knows how much he owes as he isnt even sure. He defaulted and they are at collections, and he isnt able to pay them cause he makes 14 an hour. So I know you have to be out of school for 10 years to bankrupt them, I think he has been out for 6. Will the collections or whoever has the loans accept deals. For example to cut it in half and pay it in a year, if not then he will just wait out the 10 year rule and they get nothing
let me know guys
check out www.canadastudentdebt.ca
They have a section on dealing with collections.
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Hey
As the title asks, I am simply wondering what the interest rate is on Canada and Alberta students loans. An approximation is all that's needed for each. Thanks,
its usually around 5-10%
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Is there a statute of limitations for Alberta/Canada loans? Taken out in January 1999, last payment made September 2005, still owing amount monies.
Please advise.
The statute of limitations on provincial or student loans are supposedly 10 years minimum but some say they are forever collectable. I learned this the hard way.
Once they go into collections at HRSDC they will start sending you monthly statements with fields that show the total existing debt, minimum monthly payment and interest rate and amount.
If the minimum is too much for you to pay, call the number on the statement, I believe it's in Edmonton and make arrangements to pay.
If you do not pay it, all things taxable will have a lien on it. GST rebates, tax refunds, you name it. They'll get first pick.
It cannot be included in a bankruptcy.
What courses are covered by Canada Student Loans in The Orca Institute’s Hypnotherapy Certification Program?