Do student loans collect interest while active in a consumer proposal?
March 24th, 2011 by Questions
Can banks charge interest on student loans while active in a consumer proposal? And can banks report delinquent payments while active in a consumer proposal? I am being told by a big bank that they are intitled to report delinquent payments because even if the student loan is being paid by the trustee ,if the minimum payment is not done monthly they can report it. It was my understanding that was in a proposal that creidtors are only to report that balances are settled in a payment plan and if it is being paid as agreed or not.
Posted from: Ontario