Student loan company charging £10000 in late fees

Darksleuth

Hi,

I got a student loan in the late 90's early 2000's but after I left uni I moved house a few time and then I did a bit of travelling.
Finally settled back in the UK and the student loan company sent me a letter to say I owed approximately £12,000 of a loan but they are charging me over £10,000 in late fees.

I never earned over the level to which I would have started payment of my loan and so it never occurred to me that I would have such an excess.

I spoke to them after they sent a bailiff round to my home....apparently they had a ccj issued...they want the £10,000 now.

Can anyone offer any advice?

Thanks.

geoffken

Pay it????

Justice13075

Give your local Citizens advice a call they will have dealt with this kind of scenario before

Andypandyboy

Seems very odd to me. If there is no record of you paying tax or NI they should be aware that you have not earned over the repayment threshold. Did they not contact your nominated 3rd party during the time you were not contactable?

Of course, you should have let them know what you were doing just as you would any creditor.

ViolaLass

If you don't tell them where you are, they can recall the whole loan, regardless of what you've earned.

Darksleuth

Justice13075 wrote: »

Give your local Citizens advice a call they will have dealt with this kind of scenario before

Cheers....I think that is what I will do.

Of course I realise that I am to blame but I got it in my head that as long as I didn't reach a threshold that I was all good.

No they didn't contact my parents/third party to inquire.

Bizarrely just before it happened I was thinking of going back to uni... Probably not going to give me a loan eek.

Cheers.

Pixie5740

When in the 90s did you take out these student loans? Before 1998 meaning these are the old mortgage style student loans?

If so then you have to send evidence to SLC every year in order to defer your payments. This information would be in the letters SLC sent to you but since you didn't bother updating your correspondence address you won't have received these.

Hindsight is a wonderful thing. Since this is a debt I'd phone National Debtline for advice rather than CAB as the quality of advice from CAB seems to vary a lot.

Darksleuth

Pixie5740 wrote: »

When in the 90s did you take out these student loans? Before 1998 meaning these are the old mortgage style student loans?

If so then you have to send evidence to SLC every year in order to defer your payments. This information would be in the letters SLC sent to you but since you didn't bother updating your correspondence address you won't have received these.

Hindsight is a wonderful thing. Since this is a debt I'd phone National Debtline for advice rather than CAB as the quality of advice from CAB seems to vary a lot.

Oh....I think I was in one of the first few years!

I started Medicine in '94 and after enjoying uni a bit too much left in '01 with a year to do.

The CCJ is over six years old .....not too sure if they just issue another one?

Getting on a bit now...40 next week... Thinking it's time to settle down and sort things out.

I'll try both...thanks.

macman

A medicine degree takes 8 years? I thought it was 5?

National_Debtline

Darksleuth wrote: »

Oh....I think I was in one of the first few years!

I started Medicine in '94 and after enjoying uni a bit too much left in '01 with a year to do.

The CCJ is over six years old .....not too sure if they just issue another one?

Getting on a bit now...40 next week... Thinking it's time to settle down and sort things out.

I'll try both...thanks.

Hi Darksleuth


Was this bailiff visit very recent? It's just that if the CCJ is over 6 years old, SLC/Erudio/whoever has the debt now will have needed to get the court's permission to seek a warrant. The court may have agreed to this if the reason for taking so long was that it had taken them until now to locate you.


They cannot obtain a fresh CCJ, however, as you cannot be sued twice for the same debt.


Dennis
@natdebtline