Student loan company to capquest to student loan again!!

[jayp0st]

please can anyone advise me, this is a sum up of a situation i have and i'll try to be brief but bear with me. i took a loan via SLC in 94, never heard from them till 2002 when they contacted me via my work asking for money i sent a financial statement asking for deferment, never heard anything so took it as that was ok, then last year capquest wrote saying they had taken on the loan and demanding payment i wrongly assumed i was earning enough so dutifully started paying them monthly instalments of 75/m. at the end of last year SLC sent me a statement of my payments via capquest. on the back of the statement it also mentioned that earnings less than a certain amount could be deffered, i again forwarded a financial statement to the slc asking for deferment and stopped my payments to capquest. a month later after getting a solicitors letter via capquest demanding payment in full i contacted the SLC to see what progress had been made re my request. they tell me that my choice of deferement has expired so i should contine my payments via capquest.i ask for a copy of my terms and conditions and contact capquest offering to continue my payments but at a lower monthly payment of 50/m instead this they agree in a a letter. today 06/02/07 i received a letter from the SLC demanding full payment which is 200 pounds more than i owed to capquest plus charges. i call the SLC and am informed that capquest were under agreement that if my debt hadnt been cleared by 2001 therefore they were taking the debt back. i have recieved no notification of this in writing from either parties. i realize now i could have tried to deny owing this money way back in 2001 but i was trying to do the decent thing. does anyone have any productive suggestions please.thanks

[thunderbird]

Hi, i have just seen your thread, I know it was a while ago. I am in exactly the same position and now have been told that someone from capquest is coming to knock on my door. i just wondered how you are getting on and if you had any advice. Cheers.