Ontario, Canada, collectcorp trying to collect 15 year old debt????
Date: Mon, 12/07/2009 - 18:47
I forgot to mention that they have yet to verify that this is my
I forgot to mention that they have yet to verify that this is my debt...
Are you in Canada or the US? I'm guessing the U.S. Sounds like
Are you in Canada or the US? I'm guessing the U.S. Sounds like you may have had a mix of government loans and private loans. Maybe the private loans were never repaid. In any case, at some point in the 90s, student loans became non-dischargeable in bankruptcy-- which means there really is no statute of limitations on collecting them, even if the lender(s) haven't been in contact with you. Collectcorp has offices in Minnesota and Arizona (I sent out a lawsuit yesterday to have them served at their office in Arizona), so write them a letter and ask for a bill/proof of your account. Also get your credit reports at www.annualcreditreport.com to see what the bureaus say you owe. Don't talk to Collectcorp in the mean time, but if you do, keep track of dates and times of the calls, and the conversations you have. They may violate the FDCPA in their dealings with you and if you write down the calls, your lawyer will be able to help you better. Consumer attorneys in your area can be found by going to the website of the National Association of Consumer Advocates, www.naca.net. Good luck.
Quote:Originally Posted by AnonymousI had a student loan in or a
Quote:
Originally Posted by Anonymous I had a student loan in or around 1994. I made arrangements to repay it with the government by turning over my tax return every year until it was paid off. This has been underway for many years, and has never been an issue. I suddenly got a call from CollectCorp trying to collect the apparent "unsecured" bank portion. (?) There has never been any contact regarding this until now, and they want full payment of the debt plus 15 YEARS OF INTEREST! The government has no clue what this is about. It seems there's no statute of limitations on Ontario student loans, but isn't there any provision to nullify thhis if the creditor has failed to even see that the debtor is notified within a reasonable amount of time (which would be a LOT less than15 years)? This is such an excessive amount of time...I've been easily traceable all these years, filing taxes and paying the government should make me very visible I would think...? Something seems inherently wrong with this. Can anyone advise? I tried to search out a lawyer or paralegal who deals with this in my area, but not having any success. |
Is this a US student loan or a Canada student loan? If this is a canadian based loan, you need to be looking at canadian based boards. However Canadian rules and US rules are fairly similiar...I am canadian and took out canada and ontario student loans many years ago.
If US, there is no SOL on student loans and it really doesnt matter how long it has been. It is not their job to track you down...it would have been your responsiblity to contact them. In the US there is no such thing as making arrangements for seizing your tax return....you in default, they gonna take them if you are not in repayment.
Interest is going to accrue as are collection fees, all of which you are responislbe for.
