Is my VERY OLD student loan still active?

AnotherJoe

elvisisalive100 wrote: »

It is difficult to understand the information in the link. These are my circumstances:
1- I am disabled and will never be able to work
2- I have not in contact with the student loan company since 1999 (my loans were taken out up to 1997)
3- My income is well below the average wage.
4- In the future I might have the opportunity to purchase my council home (it is in a very cheap area).

.

Given those circumstances (1-3), would you want to buy your council house ? You'd be opening yourslef up to all sorts of future expenditure none of which currently you are liable for.

missbiggles1

Richey_ wrote: »

Ha ha ha somebody is on a windup !!!

:T. :T. :T

Definitely on the wrong forum!

elvisisalive100

Basically my concern is that I now assume that I was supposed to be in contact with the student loan company telling them what my annual income is. I always assumed that the student loan company, being a government body, simply deducted the correct amount of loan repayment from my salary (pay as you earn).
Am I at fault for not keeping in contact with the government loan company? Do they think or know that I have always been on a low income?
Were I ever to acquire my council house (which would cost me a few thousand pounds, can they put a charging order on it for the loan repayment during the time I was not in contact with them?

Pixie5740

Why on Earth would you assume that the SLC would deduct your loan payments from your salary? That method of payment only started for student loans taken out from 1998 onwards and you left university in 1997. Everything you will have received from SLC will have talked about collecting repayments by direct debit. You will even have set up the direct debit when you took out the loans.

Yes you are at fault for not keeping SLC informed of your current address(es). All your SLC correspondence from SLC will have told you to keep them informed when your contact details change. Just the same as you need to notify the council, banks, doctors, etc when you move.

However, you've ignored this for so long that the debt is likely to be statute barred unless SLC managed to get a judgement awarded against you. You'd need to check but in all likelihood you'll have gotten away with it and so no charging order can be placed upon your council house when you eventually buy it with your discount.

HiToAll

summary of thread.

Doesnt want to pay back a student loan given to them by the government as a helping hand,

wants said helping hand in order to buy council house.

and they say Mastercard is priceless.

Enterprise_1701C

I see my comment has been removed. I only stated that if you can afford to buy a council house, even in a cheap area, then you can afford to pay back a loan which has been provided by the tax payer!

This one will probably disappear now, I simply do not agree with you.

Blackbeard_of_Perranporth

One gathers accountancy was not the subject of the degree!

Chapuys

People need to get off their high horses about avoiding the student loan. Most student loans never get paid off. The person already states they are disabled and earns well under the repayment threshold and thus will never have had to and never will repay it off. I do pay mine off monthly as a teacher (and will do for many more years), but will never pay it off before it expires.

elvisisalive100, if your student loan has been sold to Erudio, then your credit file will start to get default notices against it so it would be best if you contacted either the Student Loan Company or Erudio Stuident Loans and ask for debt cancellation or a deferment.

Student Loan Company (under cancellation of loans)

If a borrower can prove they're permanently unfit for work due to a disability, then their loan could be written off.

Two items of evidence will need to be submitted:

A letter from a Doctor or Consultant stating that the borrower is permanently unfit for work, dated within the last 6 months; and
Documentary evidence of disability related benefits, dated within the last 12 months.
This documentation along with the Customer Reference Number should be sent to:

Customer Care Team,
Student Loans Company,
100 Bothwell Street,
Glasgow.
G2 7JD.

Erudio Student Loans (under FAQs)

I understand that under the terms and conditions I may be eligible for a longer period of deferment or even for the loan to be cancelled if I am unable to work through disability or long term sickness?
That is correct. The exact rules vary according to your circumstances and when you took out your loan(s). If you want more information on this please contact our Helpline on 0333 003 7188 and we can provide you with more details.

I cannot post links so can not point you to the correct part of the websites but I hope this information is good enough.

Lungboy

Chapuys wrote: »

elvisisalive100, if your student loan has been sold to Erudio, then your credit file will start to get default notices against it so it would be best if you contacted either the Student Loan Company or Erudio Stuident Loans and ask for debt cancellation or a deferment.

If the debt is statute barred then the worst thing to do is contact Erudio or SLC aa it acknowledges the debt and resets the 6 year clock. My understanding is that if Erudio try to apply default notices then they have to start when the initial default was and as such would instantly disappear due to being longer than 6 years ago.

Enterprise_1701C

Chapuys wrote: »

People need to get off their high horses about avoiding the student loan. Most student loans never get paid off. The person already states they are disabled and earns well under the repayment threshold and thus will never have had to and never will repay it off. I do pay mine off monthly as a teacher (and will do for many more years), but will never pay it off before it expires.

elvisisalive100, if your student loan has been sold to Erudio, then your credit file will start to get default notices against it so it would be best if you contacted either the Student Loan Company or Erudio Stuident Loans and ask for debt cancellation or a deferment.

Student Loan Company (under cancellation of loans)


Erudio Student Loans (under FAQs)


I cannot post links so can not point you to the correct part of the websites but I hope this information is good enough.

If the OP is so broke then how are they even considering buying their council house?