I have a line of credit overdue....Eli Antel's office just sent me a letter stating that they will start proceedings against me if I dont pay up a bulk sum. Thy are also saying that since I did not take out insurance on the loan I am responsible even if I lost a job or just finished schoool, etc.

How likely are the court actions?

Please advise

If you're on ODSP, I wouldn't worry too much no matter what happened. Given your situation, you're about as judgment proof as you can get.

I still don't know what the terms of the Youth Venture Loan Program were in 1992. For student loans that were defaulted on before Jan.1, 1998, there was a 6 year limitation period because of the Section 24 transition rules of the 2002 Ontario Limitations Act which came into effect on Jan.1, 2004.

Probably, the same would apply to your loan assuming it wasn't a chattle loan. If it was, there may not be a limitation period if the proceeds didn't service the outstanding debt. But maybe there were other stipulations and guarantees in the loan agreement that modified or nullified your liability. I have no way of knowing without you digging up that info from the government. Currently under the new Ontatio Limitations Act, there are no limitation periods for social assistance debts owed to the Crown. Howvever, ones defaulted on before Jan. 1, 1998 would have had the limitation period in effect at the time grandfathered, assuming they had one to begin with. See Section 24 of the Act for details.

That's as far as it's possible to go with the limited information presented.

Whatever, the case, you need to call TCR's bluff on this because George Krieser's thugs will mutilate you if you let them. You simply have to hammer them back. You keep hammering the pirates back until they threaten you with harassment. That's the standard ploy of all collection agencies. They'll tell you your calls are being recorded in a feeble effort to blackmail you. Don't fall for it. In fact, if you haven't gone this far, you haven't gone far enough. The BS about the first lady being fired who was abusing you was surely another ruse.

Remember that when you call TCR you are dealing with nothing human. Until you realize that, you will get nowhere. George Krieser has his name on charitable foundations and Sickkids director boards, but don't expect any kindness.

Besides, hammering back the zombie/Somali pirate who is currently trying to soften you up, you can "Dana White" the following financial Nazis at 225 Yorkland Blvd., Torornto.

George Kieser, Owner 416 774-4100

Wayne Macleod, VP 416 774- 4150
Eli Seth Antel, Inhouse Lawyer/Legal Henchman 416 774-4122

Christian Briet, Assistant legal henchman 416 774-3994
Heather Pozzo, Assitant legal henchwoman 416 774 -4126
Mary Petkopoulos, Ombudsman/Image Control 416 774-4101

There's also an 800 number if it's long distance.

Warning: If you're not willing to defend yourself, then continue to expect more of the same from their gang of thugs.

Remember what Bud Hibbs says about collectors: "Most of them are only one crotch size away from an orange jumpsuit."

Ray

See the problem is i was always told to keep documentation for tax purposes ect for 10 years, i know this now you should always keep them forever. i think these places hope for that lack of education and hope people dont keep them after so many years. but what i am wondering is id they can not produce my documents they claim they have that i agreed to pay them back. what can i do? Harassment is one thing but they have spoke to my 12 tr old daughter saying your dad owes us money can we speak to him. and thats one reason i was pissed when i complained to TCR with the first henchwoman that called and verbally abused me. the 2nd lady claimed she was let go because they cought her abusing me on recording.

only good thing is i will not be home for a month while i am recovering from my knee replacement, i will be in the hospital.

they even had the nerve to ask me for my doctors name and phone number to speak to him direct.. i even threatened them with criminally harassing me on the phone, and told them not to call or next call would be recorded and police contacted. they have not called since that, but still my credit is ruined by this loan that re apeared after 14 yrs. thats what gets me

the loan i had was "ontario youth ventures loan" where you could aquire a $7500 loan with a $1500 deposit of your own money" and the loan was given by the Casse popular. never once after 1994 have i been contacted for repayment after i signed those papers. I wish i had the letter, but again after a few moves, a few relationships, papers lost/misplaces destroyed, and its not like i hid, i did my taxes every year, updated my lic, and since being on odsp they require all debts over $500 be reported with them. a person feels somewhat safe and worry free when 13 yrs go by and nothing and out of the blue a debt pops back up. Yes it was my debt, but the bank took the contents of my store valued well over the amount i owed. and signed papers now its back, i guess teaches me a lesson, and anyone else reading, keep everything, they say there are two things that are absolute Death and taxes, well they should add Credit collectors as another

On the software topic. I put my 2 phone numbers on the do not call list and recently have been getting calls where the call display reads 0000000000
They have been telemarketers and scam artists with the you have won a prize crap. I am wondering if the collection agencies are on to this yet as with bell call blocking you have to have a number to block so no number no way to block them. Has anyone else here received these calls?

Be aware that TCR has ANI (Automatic Number Identification) type software that defeats call blocking. The purpose is to capture phone numbers coming into them from blocked numbers so they can track you down. It's the same type of software police, fire and ambulance use. See my earlier posts for a more complete description.

Now the collection agencies' skip tracing department has it so they can blackmail you more easily.

Cheers!

Ray

It's impossible to give an unqualified answer to your question since there were a whole slew of youth venture programs in operation back then and I have no idea what "stipulations" the agreement contained that you signed. Don't you have or can you retrieve the documents. The old Federal Student Loan Act mandated a 6 year limitation period back then and I beleve that was the general federal limitation period for most debts, but I can't say for sure that applied to you.

TCR is one of the nastiest collection agencies in the country. The laughable and yet hypocritical thing about their thugs is they're always threatening to sue other people for harassment.

The treatment you got from TCR's gangsters is part of their psychology modus operandi to disorient and confuse you. First, they put one of their Somali pirate type collectors on to read you the riot act; then they alternate with someone pretending to be sympatico once they think they''ve got you softened up; next, they alternate with another Gestapo SS type to rattle you some more. Is it not working?

Social assistance and disabiltiy payments are generally not eligible to be garnished. However, government offices don't have to take you to court to seize your account. A fiend of mine is a bank manager and she tells me she gets search letters from various government offices all the time over them looking for accounts they can seize. They guy goes in one day and find all his money is gone.

I doubt any of this is applicable to you. The government is not likel;y to start any action if they know you are on disability. As far as your van goes, the government doesn't usually take people to court over these types of recoveries. It's not like the CRA. So don't worry about your van.

But it never hurts to be on the safe side. You should have more than one bank account and make sure the one you keep any savings in is a separate bank from the one you do your chequing with and receive your tax and other government deposits. Like I said, it's always better to be safe than sorry. Though I doubt if you have much to worry about - I can't absolutely guarantee it.

One thing I can guarantee is that TCR collectors are a bunch of pathological liars - believe nothing they say. Such calls are generally last gasp fishing expeditions for old debts. However, you need to do your homework and track down the wording of the agreement you signed.

Ray

PS: Credit bureau reporting periods have nothing to do with legal limitation periods.

hello. i am wondering if someone can clarify something for me.

in 1992 I had a youth ventures loan, through a program from Welfare to help people start up a small business, they offered advise, very small amount of education. and they even helped you aquire a bank loan. to make a long story short. my business failed, they closed the doors, took all my displays, inventory, and the bank closed my loan and told me to come in to sign a form so they could collect thier money and i would not liable as the loan was not a personal loan and was a business loan through the federal government for this 1st time youth venture loan/business start up course offered by welfare.

after i signed these papers they said i was no longer liable because the bank/government program stipulations

this was in aprox 1993. Nothing has been posted to my credit record for this. even in 1994 i Went back to school, got a student loan for school and became very ill and had to drop out of the course only 5 days into the course, this i was brought to total credit recovery and found out the school never returned thier portion of the school loan back to Osap. and at that time that loan was the only one on my credit report and after filling out medical forms to prover i was now on a long term disability that would be with me for life, and unable to work again it was forgiven and dropped in 2004. Now after all these years i get a phone call stating i now owe over $8000 on my 1992 youth ventures loan, which i have had no contact with credit reporting in over 14 years. the original lady who contacted me about this harassed me to the point of her verbally slamming my health issues as "your just a lazy deadbeat using disability to avoid paying your debts" i was very upset about this and told her "excuse me" and she swore and said " its lazy f'kn people like you that are ruining the country" i asked her to prove who she was by sending me my original documents stating i owe this money and verify who she was because the number came up private name. she then said "f*ck you loser" and she hung up the phone.
I called back the 1800number that was with the private name and it said "total credit recovery" thank you for calling. i pressed to speak to a supervisor about the call. and they said we will call you back when we investigate the facts. over a month passed, no call, then after a few more weeks i recieved another automated robot call, with an acount number and to call to speak to someone. i did and found out from this new Representive "you will be happy to know the person who called is no longer employed with TCR" this new person seemed to want to work with me to get to the bottom of things and explained that the youth ventures loan was a Government guarenteed loan and they only recieved the collection in thier office in oct of 2007. and verified previously my Other loan "student osap loan" was forgiven and dropped by my Form filled out by my doctor to verify i had a lifelong disability and unable to work. and she does not understand why this loan is now not forgiven also based on that same letter.
now this same lady has been replaced for giving me compasion and understanding with yet another abusive person threatning to sue me for the full amount, threatning to take my van, wich is my lifeline since i can not work, walk ect. i am in a wheelchair, and a single father on a limited disability trying to raise my child the best i can. i dont smoke, dont drink, dont take vacations. i am just surviving month to month. not to mention in 2 weeks having surgery to have both knees replaced. and explained that to them and they dont care. the stress from this may cause my surgery to be posponed.

Is there such thing as a statue of limitations on government guarenteed loans? i just find it very strange after 14 yrs of no contact magically it can re-apear on my credit report? what happened to the 10 yrs of inactive contact it is removed from active claims?

they have still yet to send me documents showing i signed a personal liabilty form.