Just for the record...it would still be 6 even if you paid everyone off in full.

6 years from your last payment date.

Thanks for the info all, I have decided to go forward in trying to negotiate with the collectors. I no longer use TD , however i was able to find out from them that all debts I owe to them have been sold to collection agencies. further, I am now able to contact each one to negotiate. one collector owns 2 lines of credit I have, another owns my visa's and another owns my over draft.

does anyone know how long these records would stay on equifax if wer to do nothing?

Based on what you have said, I hate to burst your bubble...but no one is going to give you a mortgage to buy a house with that kind of outstanding debt, and what seems is a new job.
Assuming the debt to TD is credit cards and or loans and assuming you have not made a payment to them in over 2 years....the good news is they can not sue you any longer. The bad news is the debt still exists and they could remove any funds from any account you hold with them.
If you have access to that 12,000.00 you would probably be better off negotiating a settlement with TD for the 30 grand. If you offer a lump sum payment of 12 they may infact accept and close that account. At least that would be one monkey off your back.

At this point it is a pipe dream that you would get a mortgage.
You have made no mention of your future husbands financial position so that may change things some what.

If you do get the 12 grand ,DO NOT put it in any TD banks as they may exercise their Right to Setoff and seize it. Perfectly legal for them to do.

If it was me....I would try to settle the one account at least using the 12 grand....but thats just me.

Why do you owe money to TD Canada Trust?

What is a NRT number? Who sends you these notices and what do they say or request?

Have you ever made any payments on your OSAP loan? If so, when was the last payment made?

When was your "end of study date"? In other words, when was the last time that you attended school? Did you graduate?

If you are considering Filing a Consumer Proposal or making an Assignment in Bankruptcy and your "end of study date" is less than 7 years before filing the Proposal or making the Assignment, then you are SOL ( sorry, out of luck ). Your student loan(s) will survive the Proposal or Bankruptcy and nothing will be gained except the discharge of other debts.

If you are planning on purchasing a home in the future and will be making a mortgage application to a bank, then you are "dead in the water". All banks today are refusing to grant a mortgage to anyone with an unpaid student loan(s). What that means is that you will be forced to seek private funding through a mortgage broker with a substantial higher interest rate to compensate for the risk of an unpaid student loan(s). In addition to the higher rate of interest, the lender will usually demand that the mortgage be covered with mortgage insurance and possibly mortgage life insurance. When you factor all these costs into the equation, your monthly cost to carry the home could be prohibitive.

The "good times" are over. Unless you earn a substantial income to carry these costs, then you are on a one-way street to the "poor house".

Let me know the answers to my questions and possibly I can give you some more direction as to how to proceed.

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Educating one Consumer at a time

I owe 20 grand to osap and 30 to Td. The accounts have been stagnant for over 2 years and I have a 3month year old child.I now have a steady job and my parents have agreed to grant me 12 grand to get married and buy a house .Once in a while I receive a notice in the mail saying that I have an NRT number, and from What I've heard from the bank is that I just need to call them and find out what to do. does this open a can of worms? I have spoken with a trustee and he has informed me of bankruptcy as well as consumer proposal. Where do i start?