Quote:
Originally Posted by cKy
I never paid my student loans (both Fed and Prov) for years and they went to collections. The collections guy from Total Credit Recovery was awesome, and wasnt pushy or anything. He is the nicest professional person I have dealt with when it came to collection companies.
I dont know how it works if your loans havent been sent to collections, but he told me that you only need to pay what works for you. There is no set minimum or maximum.
I finally paid off my $30,000 (ish) loans in under 7 years after ignoring them for 2 years (Brutal interest on that).
My word of advice, stick with a payment plan that wont screw you, and is more then the interest, it's all you can really do. Plus all your income tax and GST checks goto them anyways :P
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this only happens if you are not making minimum payments with CSL. If you're making payments then won't sent a trigger to CRA for this to happen.