Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Cookie27
    • By Cookie27 28th Jan 19, 7:44 PM
    • 6Posts
    • 1Thanks
    Cookie27
    SLC taken money 10 years after loan finished
    • #1
    • 28th Jan 19, 7:44 PM
    SLC taken money 10 years after loan finished 28th Jan 19 at 7:44 PM
    Hello,

    New to the forums so apologies if this is the wrong section.

    I finished paying my student loan in 2010, having finished uni in 2001 and have been employed in the public sector since 2002.

    My wages this month were relatively short and on checking my wage slip the student loans company have taken £160 out. I have spoken to them and they are so unhelpful it is untrue. But they basically stated that I underpaid them by £122 in 2009-2010 and so they have taken £160 this month and will again next month. However if iíd be so kind to, I can ring them up and get the excess refunded once it has gone out, oh and that can take 16 days to happen.

    Needless to say this has not gone down well as I am in dire straights as it is financially and I do not know where to turn. Is this legal? Is this right and do I have any say over it at all?

    They stated they sent a letter to an address I havenít lived at for 13 years giving me 3 options to pay. When I asked for a refund and to then pay monthly they blatantly refused, despite me explaining it has placed me in financial hardship.

    Any advice would be great

    Thank you

    Cookie
Page 1
    • agrinnall
    • By agrinnall 30th Jan 19, 8:02 PM
    • 22,372 Posts
    • 18,400 Thanks
    agrinnall
    • #2
    • 30th Jan 19, 8:02 PM
    • #2
    • 30th Jan 19, 8:02 PM
    I'd argue that more than 8 years later the debt is statue barred, although it may be that student loans are exempt from the normal legislation. It's still ridiculous to simply take the money after so long.

    What does your pay slip say about how the money was taken? Is it the standard percentage above whatever the threshold is for the type of loan you had? You could try speaking to HMRC about it as they provide your employer with the date needed to process the calculation and act as an intermediary to pass the money on eventually.

    In terms of dealing with the alleged debt, I would insist that they prove it exists, and if it does offer them a payment plan. I'd copy your MP into any correspondence you have with them.
    Last edited by agrinnall; 30-01-2019 at 8:07 PM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,350Posts Today

5,081Users online

Martin's Twitter
  • Have a great Easter, or a chag sameach to those like me attending Passover seder tomorrow. I?m taking all of next? https://t.co/qrAFTIpqWl

  • RT @rowlyc1980: A whopping 18 days off work for only 9 days leave! I?ll have a bit of that please......thanks @MartinSLewis for your crafty?

  • RT @dinokyp: That feeling when you realise that you have 18 days of work and only used 9 days of your annual leave! Thanks @MartinSLewis h?

  • Follow Martin