Your student loans are being sold to vulture like debt collectors!

edited 30 November -1 at 1:00AM in Student Money Saving
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ericcthekingericctheking Forumite
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edited 30 November -1 at 1:00AM in Student Money Saving
From the budget;

2.15 Asset sales – Progress continues towards the sale of the government’s stake in Urenco,
the pre-2012 income contingent repayment student loan book and public sector spectrum. The
income contingent repayment student loan book will be disposed of in a number of tranches,
with a first sale intended to occur by the end of financial year 2015-16. Over a 5 year period, the
sale is expected to generate between £10 billion and £15 billion in sale revenues, with a central
estimate of around £12 billion. Borrowers’ loan terms will be fixed prior to a sale.


Terms may be fixed at the point of sale but interpretation of the terms is up to the smart and canny debt collecting agency!
Prepare for your financial data to be miss-used and sold on.
Prepare to have the threat of the loan being used against you with Experian so you pay money you are not entitled to pay!

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