should i reply to agencies

Optimist

andrewison wrote:

Sadly not , also they stay with you until youre 60 odd thne they are cancelled. tho you could do what some smart (maybe) student did , got max student loans out and max cards and then went bankrupt , essentially after a few years cancelling the debt. .... This does stay on your credit report thingy ... but after a few years he was able to get a CC and morgage etc ,...

Afraid the Higher Education Act of 2004 closed that particular loophole.

saubryn

I was under the impression that Student Loans are now no longer included in bankruptcy, so you can't just 'get rid' of them that way?

andrewison

saubryn wrote:

I was under the impression that Student Loans are now no longer included in bankruptcy, so you can't just 'get rid' of them that way?

I dont have the full facts on this , it was something I heard on Radio 1 when they were doing a special report , tho this was like 6 months back

Optimist

andrewison wrote:

I dont have the full facts on this , it was something I heard on Radio 1 when they were doing a special report , tho this was like 6 months back

I would refer the honourable member to my previous post.
The Higher Education Act of 2004 closed the loophole enabling students to go bankrupt and getting out of not paying their student loans !