(Canadians Please) Is it possible for my old Canada Student Loan to vanish of the face of the earth?
Long story as to why it even came to exist in the first place. I had it 8 years ago. I recently tried to find it to make payment arrangements, but the government, the Royal Bank, and my credit report has no record of it. Is this possible?
Credit - 2 Answers
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1 :
only if you do...........
2 :
It will eventually show up on your credit report, as soon as it is sold to a collection agency, which is inevitable. Canadian law changed in 2002, and student loans are now permanent - they never drop off the credit report even after the old 7 year statute period. They also survive bankruptcy. If you call 1-800-387-5604 and give your SIN they can tell you if you have any outstanding provincial debts. Kind regards.
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