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Student Loan Company Debt

Blue_Max
Blue_Max Posts: 725 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
edited 16 October 2010 at 2:46PM in Debt-free wannabe
Is there a liability if the loan was taken out 13 years ago?

Thank you

Comments

  • sarriep
    sarriep Posts: 321 Forumite
    Part of the Furniture Combo Breaker
    Isn't this the 'old style' loan you can defer unless you are earning the average wage? I deferred mine for years until I started paying it in 2006. Did you ever start repaying it?
    Anyway, if you haven't got the money they can't have it can they? What do the letters from them say? Try contacting the CAB or National Debt Line who may be able to advise you. The SLC should not be causing you stress and may well need reminding of that!
    Sx
    :eek: LBM August 2008:eek:
    Total debt £51914.74 Paid off so far £47,611 DMP started November 08 Current debt £4,303.73
    Proud to be dealing with OUR debt ! :T
  • Blue_Max
    Blue_Max Posts: 725 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 16 October 2010 at 2:46PM
    Thanks sarriep
  • Blue_max, I've sent you a Private Message regarding this.
  • Thank you very much argood.
    :T

    Now I know what to do
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    AFAIK the old style student debts is written off after 25 years, but if you have so little income I'm fairly sure you won't have to make repayments. Keep on trying your CAB.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Blue_Max
    Blue_Max Posts: 725 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    :)

    An email similar to my original post here was sent to the Student Loan Company. They promptly replied, "We are looking into your account and will be contacting you within the next 7 days to advise our decision."

    Today, I received a letter from an Advisor of their Cutomer Care Team.
    She reviewed my account and is in the process of cancelling the loan.
    Once this process has gone through, SLC will send me a letter confirming that my loan has been written off.
    :T

    If anyone in similar circumstances to myself happen to read this thread, the moral of the story is to inform the SLC of your circumstances, rather than do nothing and worry like I was doing for many years.
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