Thank you sir....good to know.

Question.....if a bank exercises it right to set off for even 10 dollars.....would that reset the clock on Statute of limitation that hasn;t expired quite yet? Specifically in Ontario.

Hi,

The first thing-you can send them a cease and desist letter though certified mail. The template for which is available online. Just type cease and desist letter.Ask for a return receipt in the letter and do not disclose any personal information like account information, personal details etc., do not sign it either, just print and send. This would stop all contact from them.

But, the thing is it wouldn't make the debt go away. They can still continue to pursue you through any other means for the collection of debt, since its a huge sum.

Also, please remember that there's something called the statute of limitations. If it expires in your state, the debt collector can no more collect it from you(unless you accept you owe the debt-that would reset it).It looks like the SOL on your debt has expired.Check it out.

Or, you can contact the FTC/your state attorney general and file a complaint with them on NCO for violation of the FDCPA.
Know your rights before you proceed. http://www.yourcollectionrights.com/

You could try contacting the number at the bottom of this site.

It's for Student Debt Services.
http://www.cfwgroup.ca/index.php?option=com_content&view=article&id=15&Itemid=44

My brother just finished his first year at college and is starting to have the exact same issue with money owing to the school because his Student Loan for last semester got messed up.
The debt has now gone to collections and he is getting rude and obnoxious calls everyone couple of days.

You're situation is not unique, but happens to thousands of people all across Canada. Many people get completely stressed out over such a situation which in turn affects their personal life, their family relationships and, of course, their financial well-being. It should also be pointed out that debts don't just go away or disappear, but in reality can follow you to the grave. Having said all of this, let's take a closer look at your situation in particular.

You indicated in your thread that this debt to RBC was incurred in the

1999-2000 school year and that you believe that it was assigned or sold to a collection agency in 2000. You also state that you believe that NCO has had this debt for at least 5 years which leads me to believe that NCO has purchased this debt from the previous owner because collection agencies acting on behalf of their principal ( creditor ) normally do not retain a debt to collect for this time period. Obviously, this debt is statute-barred which means that you can no longer be sued in Small Claims Court. But that does not extinquish the debt. There is also an excellent chance that this debt is no longer reported as a "tradeline" or as a

"collection account" on your credit report as these items disappear after 6 years from the last date of activity or if no payment was made, from the date the debt became delinquent. I would strongly suggest that you get a credit report from both Equifax and TransUnion to confirm that this debt has dropped off your credit reports.

One of the worst things that collection agencies and debt buyers hate is when debtors do not answer their phone. It absolutely drives them "nuts". Personal contact with a debtor is by far the most effective way to collect a debt because debtors do not like to be intimidated and harrassed and most debt collectors are very good at doing this. If a debt collector cannot contact you by phone, then the only other option they have is to write you a letter which becomes much less effective. Therefore, the simple solution is don't answer your phone. Here is what I suggest.

Obtain caller ID from your local telephone company. Here, in Ontario, my phone company is Bell Canada and I pay for caller ID at $8.95 plus tax per month. It's the best little investment I ever made. Your phone has a window on it which displays the date, time, phone number of the caller and the name of the caller. If the caller wishes to block the call, it will show as "number blocked" or "number unknown". This is a favourite tactic of many collection agencies or they will use an 1-800 number that can't be traced easily to the caller. Because I am "legally blind", I cannot see the information in the window on the phone. So, I purchased an audio device that attaches to the phone from the CNIB ( Canadian National Institute for the Blind ) which I can hear from anywhere in my apartment. It is volume controlled and announces all phone numbers only. It can hold up to 10 numbers before the first number disappears on the next call. I can review my calls which gives me the date and time of each call, and the phone number, but no name of the caller. If you are interested in such a device, you should check at Best Buy, Future Shop or The Source. If these stores don't sell this device, contact the CNIB.

Also, I only answer calls coming from a local number or a number that I recognize. I don't answer any 1-800 calls or numbers that I don't recognize or are out of my calling area. I refer to these calls as being on my "do not answer list". I have been doing this for many years and it cuts down on many nuisance calls including telephone marketers and collection agencies. If you receive an unanswered call, you can do a "reverse lookup" on your computer to see who the caller is. If you recognize the caller, then you can always contact the caller. If you try these tactics, I'm sure that you will have a greater piece of mind.

Good Luck and have a GREAT DAY

Hi everyone. I've spent a good chunk of the evening reading through posts here and I don't know if it's information overload or if it's just me being stressed over this situation, but I don't think I'm any closer to knowing what I should do. Here's my situation:

I owe about $6000 to RBC for a student loan from the 1999-2000 school year. For various reasons that are irrelevant to my situation; I've no intention of paying it. I never applied for interest relief, never made a payment, and it basically went directly to collection at some point in 2000.

On and off I've gotten calls and letters from various collection agencies about it and I've dodged/ignored them for this long, but NCO has had the file for at least 5 years now and they've been pretty persistent to the point of calling multiple times a day for weeks and then stopping for a random length of time only to start it all over.

I just want them to go away and leave me alone. Can it be done? it's the only thing I have in collection and I'm barely keeping my other bills from going that way as it is. I'd rather have one old item in collection perpetually than try to pay it off and have three others go to collection as well. Make sense?

Anyways, I've seen lots of advice on here , but have no idea where to start or how to proceed. Can anyone give me advice on what to do? Who to call? What to say? What to ask?

I'm not looking for moral advice, I'm aware of the moral and ethical implications of not intending to pay the money back. I just want to know how to get rid of these people that have been hounding me for years and who have been, on a very good day, rude and disrespectful to a degree that would have gotten me beaten when I was a kid.

So anyone? Anyone?

Bueller?