ODSP and OSAP, credit reports
bastetschylde
Repayment Assistance Program for one round (6 months), and then were
told their debt was significantly reduced by the government?
Say, hypothetically speaking, you owed $20,000, you got accepted for
Repayment Assistance Program (where you pay only what you can afford,
even if it's nothing), and then you get a letter stating your balance
is $4,000. You call them, and they say the most recent amount ($4,000)
is correct, and the government paid off the rest ($16,000).
I am curious because Repayment Assistance Program only paid off
interests, not a huge chunk of debt. I know there are benefits for
people with disabilities (i.e., Permanent Disability Program) where if
you won't be able to pay off your debt because of a severe permanent
disability limiting your ability to work and go to school, they will
forgive your loans. So I thought maybe since they have access to my
financial information - they see that I've received grants and
scholarships for people with disabilities and that I'm on ODSP, so
they managed to pay off a huge chunk of my debt. I'm quite happy about
that but skeptical even if I was told that the lower balance was
correct and that the government paid off the rest. I don't want to
worry about being dinged in the future hence I called.
I wish I knew how to get a copy of my credit report. I've tried
getting them online but most of them are scams, it seems.
Lorene
student loan. But no they couldn't do that. I was in a debt between 20
to 30 grand. So I had no choice to file bankruptcy. This Repayment
Assistance Program must be something new that came out.
Lorene
Bill Higgs
odsp overpayment the soical benfit tribunal because the overpayment was made
by mitakes by the workers in the odsp office, my concept was their error
their problem, I was told by someone who should know that the best case
scenario was it would be declared "unrecoverable" and here is where the
problem lies, just try getting a definition of unrecoverable, apparently it
means shelved by not forgiven, and able to be resurrected at the
governements whim. Not sure if this is correct.
As to your credit credit report you can request it online from both trans
union and the credit bureau, its rather messy and confusing and you have to
send copies of your id, but its free and takes a while, to get it instanlty
online cost money as I recall.
ticks me off that odsp routinely accesses my credit file, proving again they
own us
Bill
Brenda
student was entitled to a scholarship from odsp, but hadn't received
it. I know I got sick when I was in college and had to withdraw in
midterm.
My loan wasn't paid off, but it stopped incurring interest and wasn't
sent to the collections department.
Now the rules have changed, and I could finish my post-secondary
education part-time, but when I applied they said they wanted me to
make a monthly payment for a year as a sign of good faith, and since
I'm using part of my families basic needs to provide shelter I just
can't do it. I know the province does put money into a budget for
scholarships for odsp dependants. If they'd pay off the old loan with
that scholarship surplus I can't access, maybe I could afford to go
back.
mking103
after you graduate/stop your studies, then you have to start making
payments. When I finished university back in 1985, I waited until the
September and went in with a money order (the last year Guelph
financial aid screwed things up and I never did get my OSAP, so the
amount owing was a lot less) and a letter (hand written with a 'carbon
copy') to the Scotia bank and paid it off. I was treated very shabbily
by Scotiabank while at Guelph, even though I was a part-time employee
of the Uni and a mature student, and wanted nothing more to do with
them.
Luckily I kept the carbon copy in my 'paid off' box, for when I
applied last July 2009 for September it came back I still owed the
money (25 years later!!!). My carbon copy was the only proof I had. I
never received a receipt; now that I think of it they probably
pocketed the money and never sent it on to the government.
I heard sometime after I finished and was working that the law had
been amended so that if you declared bankruptcy, the student loan was
NOT erased and you still had to pay it back. I think it was because a
lot of students were declaring bankruptcy to avoid re-paying their
OSAP. When I had to drop out late last semester and wound up in
hospital, I called the National Student loan centre (this is new from
when I was at university) to ask advice as to what happens now? The
lady I spoke with was very reasonable, I told her I planned to return
in September, and she said to wait and see and if not, to call back
and they would arrange a re-payment schedule. They were quite willing
to work with me.
Lorene
Ontario and Federal Government can't come after me after I finished
the period of bankruptcy (9 months) because it was over 9 years old. I
did get interest free for 6 months and keep on applying for another
interest free every 6 months up to 40 months. Then you will have to
repay the loan back on the 41st month. I guess I am lucky.
Yes I did get a call from the Student Loan Centre in 2008, I can't
remember from either Ontario or Federal. I told the man to call my
bankruptcy trustee and gave him the name and phone number. I haven't
heard back from the man or get any letters or anything since 2008.
They did put a stop from me collecting GST for not repaying the
student loans. GST has been reinstated back to me since last July. I
am debt free and have nothing to worry about now.
Lorene
Freecyclist
bankruptcy because I didn't have enough debt. I owe over 25K for
student loans and less than a grand in credit card debts which the
banks had written off. My student loans were from 1999 but I made the
mistake of going back to school, so I'm ineligible to get those
forgiven even though they were generated because of my disability.
Now, you've got me wondering if I should seek a third opinion. Did you
have any other big debts besides student loans?
Lorene
plus for my credit cards, plus $600 dollar bill from Rogers Cell Phone
(thanks to my son, it was in my name but he never made the payments),
plus one more for over $200 from some company in Toronto (I forget the
name of it). All I had was my ODSP and my causal P/T paycheque for my
monthly income plus GST to show for. I was single and widow with no
independents left at home. I even went back to school twice and got
student loans twice, too in 1998 and 1999. That is how come it went
over $20 to $25 grand in my case. That is after 4 and half years
interest free period. After that, interest was climbing at 8 percent
per month, so I was told by CIBC bank. I couldn't get forgiven loans
either. I was rejected twice.
I don't see why you can get bankruptcy for your student loan since it
is over $25K you owe.
Try again with a different company. I went with Hoyes and Michaelos.
They have several offices across Ontario. Look up in the yellow pages
of the phone directory.
Lorene