by CHARM082 » Mon Mar 07, 2011 04:41:46 PM
i got a student loan back in 1998. I was on interest free for 6 month, i would normally applied and the application for interest relief would be approve. My last application, i sent in to cibc was acknoweldge,, but and for some strange reason i did not get a reply from cibc. Things got really hectic for me, i moved from my mother address,forgot about my interest relief application, cibc did not send me any correspondence about the application, my address ddid not change, even though i moved. About in 2004 i got a call from a collection agency stating that i owe money for my student loan. i made arrangement with them to start paiding them. Payments were been made, as agreed, until one day i call the collection agency to find out that the peson that i made the arrangement with no longer work there, they had no idea about my payment. I spoke to a supervisor and he ask me to stop the monthly payment from my bank, and hopefully i will received a call from the agency who is taking the payment. no one call me, then i received a letter from canada revenue that my tax may be with held, i contacted nco financial they told me that they were instructed by the government to hold my refund. I start payiing them $80.00 a ,month but they still keep on taking my refund, for 2 years know. The money that the student loan gave me back in 1998, i am paying back way mopre that waht they gave, please advise how i can keep some of my refund back
kk