what does it mean if your Canada student loans have been “transferred or sold” on your credit report? Help!
I have a credit report on hand and don’t know what some of this gibberish means, especially about the transferred or sold comments about my student loans. My loans are from 1999 and a last payment was made in 08/03. Would they have been written off?
In truth it doesn’t mean much to you, you still owe the money but now the debt may have been sold to someone else. Even written off doesn’t mean anything positive to you, as the debts would have then been sold to some third party collection company for pennies on the dollar, and they’ll continue trying to collect them.
Best to contact the original creditor directly and find out who you need to contact regarding the debt.
Good luck!
