Thread: Me vs Student Loan Company

I am in a somewhat similar situation to yourself.
From what I can gather, If you took out your loans before 1998 then they are regulated under the CCA.
Although I can not find any hard evidence of this....yet!.

Did you defer payment?

I dont think there is a limitation on student loans.

I was chased by Smith and Lawson DCA (part of the SLC), and then, Legal and Trade after the SLC "claimed" to have not received my deferment forms despite having sent them three applications all on different occasions.

It is my belief, in my case, that this is some kind of "method" thay are employing to enable them to default, and attempt collection of the outstanding loans.

I dont think there is a limitation on student loans.

Are you saying that student loans are not subject to the statute of limitations Act. Why not? I would have thought their agreements were subject to the same laws as any other type of loan.

Took SLC to Court, they caved in and made an offer of settlement today.

noomill v Student Loan Company

on official records slc has only ever settled out of court three times the last time was sep 2006

State your source.

Which official records would these be?

And how does mpul have access to SLC official records which are covered by the Official Secrets Act...

small claim court records upto date to the 5 apr 2007. available throw the freedom of information act on the .gov website

thay have refunded alot more than the 3 stated however thay do 9 times out of ten take it to court

That was a month or so before they sent me offer of settlement. They've now settled out of court at least 4 times.

How many times have they gone to Court and lost?

sorry mate didn't show that figure just giving the information thats there so people are aware that chances are thay will take it to court unless thayre seriously in the wrong

By "take it to court", do you just mean entering a defence?

They entered a defence and sent an offer of settlement on the same day, clearly wasting the courts time as they obviously had absolutely no intention of defending.

not sure the figure shows 281 court action represented

Advice please guys...
I know as the lady told me on the phone on Friday that I have been had for a couple of hundred quid in charges on my Student loans (both pre 98). Confess all for missed payments.. naughty naughty!
They are going to send me a statement of the charges paid on the accounts....
On receiveing this do I then follow the standard process as per recovering of bank charges or am I opening a whole new can of wormies???
My instict is to follow the standard bank charges route?
Help!!!

Hello mrpennyless!

Yes, jut follow the standard proceedure and you will be fine.

When you get your charges, set the info out in the form of a table:

Date of charge-Reason for charge-Amount-Interest @8% compounded

Use this to work out the compounded interest-


Add the charges+interest together and this figure will be the amount of your tell them you want back.

When they've told you to naff off, dont bother arguing, just start your Small Claim.

At this stage calculate a further 8% on each claim from the date it was debited, add all these figures up and claim this as your county court interest, along with your court fee.

PM me if you me any help. Good idea to start your own thread so advice doesnt become confused.

Ignore mpul's "advice"- its probably a SLC troll.

Use this to work out compounded interest-

Compound interest calculator