We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
If I pay off my student loans with Erudio...
Options
star2sparkle
Posts: 88 Forumite
I have never earned enough to be able to pay back my student loans from the nineties.
Unfortunately, through moving and SLC not updating their records, my loans weren't always deferred so they got passed to Erudio.
They threaten me with giving my loans over to people like Capquest if I don't make payments. So now, even when I reach 50, my loans won't be written off.
I have heard about it not being a good idea to pay them off partially from a credit point of view from Money Saving Expert.
If I managed to pay it all off (about £5000), does anyone know if that would clear my account so that I would be able to apply for a postgraduate loan? At the moment my student loan account says I am not able to because I owe arrears (which is about £5000 in total).
I just don't want to go and pay it all off and discover I still wouldn't be able to apply for a postgraduate loan.
Thank you for your help.
Unfortunately, through moving and SLC not updating their records, my loans weren't always deferred so they got passed to Erudio.
They threaten me with giving my loans over to people like Capquest if I don't make payments. So now, even when I reach 50, my loans won't be written off.
I have heard about it not being a good idea to pay them off partially from a credit point of view from Money Saving Expert.
If I managed to pay it all off (about £5000), does anyone know if that would clear my account so that I would be able to apply for a postgraduate loan? At the moment my student loan account says I am not able to because I owe arrears (which is about £5000 in total).
I just don't want to go and pay it all off and discover I still wouldn't be able to apply for a postgraduate loan.
Thank you for your help.
0
Comments
-
In case anyone wants to know, I found out from student loans and the answer is yes...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards