We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Student Loan now with Link - statute barred?
OwlTime
Posts: 1 Newbie
Briefly my story is I has a student loan taken out in 1997, which was latterly passed to Honour's Student Loans and now to Link Financial. The last deferment I had ended February 22nd 2016 - I am assuming this makes it statute barred?
A complicating factor is about a month ago I received a statement from Link (I'd never had any contact from them before), I noticed that £68 was being added to my account each month (EACH MONTH!) as interest. So I telephoned them. (I can see now, this outrageous interest charge may be a ploy to garner contact.)
In my previous dealing with Honour's I had a few problems, and I ended being harassed by them - this was about 2010; I share a name with a famous glamour model, and my telephone calls with Honour's were always punctuated by lewd suggestions, and innuendo, so much so I had to involve the police.
My memories of this came flooding back when I spoke to Link, and the people I spoke to were unhelpful and rude too - so regretfully I was a little more than forthright and used a few choice words. Could this have any effect on the statute barred situation? Everything I have read says 'written admission' of the debt, but now calls are all recorded, is this is good as admitting it in writing?
A complicating factor is about a month ago I received a statement from Link (I'd never had any contact from them before), I noticed that £68 was being added to my account each month (EACH MONTH!) as interest. So I telephoned them. (I can see now, this outrageous interest charge may be a ploy to garner contact.)
In my previous dealing with Honour's I had a few problems, and I ended being harassed by them - this was about 2010; I share a name with a famous glamour model, and my telephone calls with Honour's were always punctuated by lewd suggestions, and innuendo, so much so I had to involve the police.
My memories of this came flooding back when I spoke to Link, and the people I spoke to were unhelpful and rude too - so regretfully I was a little more than forthright and used a few choice words. Could this have any effect on the statute barred situation? Everything I have read says 'written admission' of the debt, but now calls are all recorded, is this is good as admitting it in writing?
0
Comments
-
Acknowledgement has to be in writing to affect the statute barred status of a debt.
Verbal comms do not count.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
