student loan ....account arrestment ?

bluenose_11

this morning recieved letter from bcw group ?.... saying that that are commencing proceedings on behalf of student loans plc.....they tell me that they are going to arrest monies in my bank account....
ARRESTMENT OF BANK ACCOUNT
the loan was before 1998...i have made no contact with student loans or this company ....can they do this..... :eek: thanks
p.s i live in England

jrrowleyws

probabily hit the nail on the head

"I have made no contact with student loans"

Therefore they will persue you for repayment.

bluenose_11

probabily hit the nail on the head

"I have made no contact with student loans"

Therefore they will persue you for repayment.


after 6 years can they still do this ?

pimento

Why should you not pay it back? Did you borrow it?

jonesMUFCforever

I think Student loans are not statute barred after 6 years so yes they are sill repayable even back to 1998.

woody01

jrrowleyws wrote: »

probabily hit the nail on the head

"I have made no contact with student loans"

Therefore they will persue you for repayment.

I dont think student loans come under the Limitations Act. (i hope not anyway, as i dont want to pay for someone to study)

benoit

woody01 wrote: »

I dont think student loans come under the Limitations Act. (i hope not anyway, as i dont want to pay for someone to study)

Tell that to the senior consultant who looks after you when you are in ill health with something life threatening. He might not want someone to pay to treat you!

iolanthe07

Everyone else has to pay back their srudent loan, why not you?

blue-bells_2

iolanthe07 wrote: »

Everyone else has to pay back their srudent loan, why not you?

Yes, but can they apply an arrestment on the bank account?

fermi

The old style loans (1998 and before) ARE covered by the Limitations Act 1980.

The newer ones are not.

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act

Student loans

Student loan agreements are simple contracts and this gives the Student Loans Company (SLC) six years from the date you last paid or acknowledged the debt to go to court to enforce the agreement. There are two sorts of student loans and different rules apply depending upon when you took out the loan.

Old style student loans

Old style or 'mortgage' student loans are consumer credit agreements. Payments cannot automatically be deducted from your wages. The SLC has to go to court before they can enforce the debt against you. This means that the Limitation Act can apply if you have not paid or acknowledged the debt for over six years.

WARNING
Asking for the loan to be deferred could count as acknowledging the debt and start time running again.

New style student loans

From September 1998 new style or 'income contingent' student loans include rules to say that repayments will be automatically deducted directly from your wages or through your tax return if you are self-employed. This means that the SLC are still allowed to take money from your wages for a loan over six years old as they do not have to go to court to do so.

Beast

blue-bells wrote: »

Yes, but can they apply an arrestment on the bank account?

confused.. blue-bells are you blue nose 11 too?