Student loan debt from 1993 - Question

tigtig

Hi

I have had my light bulb moment this month and cant wait to start clearing my debts starting in Jan next year.

But this month out of the blue i had a letter from Fredrickson!International!Ltd
demanding i pay the outstanding amount on a student loan. (£1100) I had totally forgot about this loan i took out in 1993!!

It was a bit of a kick in the pants really because it added another £1100 to my current debt.

Has anyone had any experiance with student loans and with the loan being so old (12 years).

:xmassign:

ohit

Only once the loan if not paid within 25 years will the Student's Loan Company even consider writing it off. That's the only info I know in terms of "age of loan".

Best best would be to contact the SLC and come to a payment arrangement. Include that as part of your debt-clearance "programme".

HGLTsuperstar

Ohit, I think you're on a different track. From my interpretation of the OP, and correct me if I'm wring, the loan isn't with the SLC, so the 25yr rule etc doesn't apply.