Big Confession...

iVillage Member
Registered: 03-27-2003
Big Confession...
3
Mon, 02-07-2005 - 12:54pm

SO I have been here and I have learned alot, I have got my debt in order, Dh and are paying like crazy, trying to snowball even if it is only a little bit.

But i have a confession to make...I have NEVER apid on my Canada Student Loan, it was due July 2003. I owed orignally over $8500.00 but at the time I coudln't afford payments. Itred to explain and they started calling and telling me I had to pay. Well we moved and they lost track of me. I now live with my parents, I am trying to save and we are trying to get back on our feet. I want to find out who has my loan but I don't want to make the contact while living here. I had another loan go to collactions and they called here like crazy! My parents were furious, I may be an adult but they still butt in my life and drove me crazy. I have since had the calls stopped but I am afraid that if I make contact with CSL that they will start again!
What do I do? Just keep ignoring it and hope they don't find me? Or contact them, figure out how much I can pay them (not much) and risk them calling here like crazy?
I don't know what to do!

Kiki

Running Woman
iVillage Member
Registered: 12-05-2004
In reply to: k2p1e
Mon, 02-07-2005 - 1:10pm

I'm not too sure about how student loans work, but I'm sure someone here will have some ideas for you.

Have you tried pulling your credit report to see who the loan is listed under? That might give you an idea of who holds your loan. I would think, if they really wanted to try and find you, they probably could have. Not sure how it works in Canada, but here in the U.S, they could probably track you from your social security number.

As far as just making a call, you could try using a cellphone (hard to track that way), or even a pay phone to inquire on balance and payment terms. If they ask for your current phone number, tell them you don't have one. That might keep the collection calls from coming to your parents' home.

Good Luck! Hopefully it's not as bad as you think, and they'll be understanding about accepting any payment you can fit into your budget.

Pat

iVillage Member
Registered: 09-25-2003
In reply to: k2p1e
Mon, 02-07-2005 - 2:54pm

Which bank was your loan with? Because Fi got a bit behind on paying his, and it went to collections. They called his parents house almost daily, and even after he told them he had moved out and to call him on our phone, they kept calling his parents. He wasn't even supposed to have to pay it, he was still in school. But apparently he filled out the wrong form.

I guess what I am saying is try not to give them your parents' phone number. Call from a public phone and ask what can happen without giving your name or anything. I wouldn't keep ignoring it, because then it'll hang over your head forever.

If it's still with the bank, you may be able to renew it, so you can get on some kind of payment plan...we are paying $65 per month for the next 180 months with Royal Bank.

Avatar for travinski
iVillage Member
Registered: 05-21-2004
In reply to: k2p1e
Mon, 02-07-2005 - 6:03pm
Hey cool! A lot of Canadians on this board! You can run but you can't hide. Most likely it will be on your credit report and I believe it stays on for seven years even if you do end up paying all of it back. Do you have a cell or work phone number? This must be a difficult situation to be in. I bought a desk to be paid in "12 months" and the 12 months went by and I didn't hear from them, month after month. For the first time in my life, I was dishonest, tried to make myself believe that I probably did pay it back but just forgot. When I applied for a mortgage, guess what showed up on my credit report? I then had to pay it right away. Still, I have not been approved for credit because of that stupid desk and my own iresponsibility. I think Debtors Anonymous would say, "face the music, negotiate and tell them NOT to phone you." Apparently in the States, I think they have to abide by that rule (although not sure).

Travi