Thread: Student loan company to capquest to student loan again!!

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

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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.

I had this last year, where someone from capquest tracked me down by calling someone from a house a few doors away. they are dodgy as hell stopping at nothing or no boundry to harrase you. basicly SLC are useless, and have some useless scanning system for post, so most of the time your form will go missing. without a word of a lie every year for the last 7 years it has took me 3 or 4 times to actualy get deferment done. my thoughts are that they are doing this to get people to get more money added to accounts so they can get more money from us. either that or they are just useless. forget aboout complaining to them, or at least make the complaint and after 8 weeks take that complaint to the financial Ombudsman.

I thought student loans can become statute barred if taken out before 1998

that needs to be confirmed though

The older SLs can be SB but not the newer ones

got my loan in 93/94 have never paid them anything, and only ever get deferment letters from them, does that mean they should be writing off my debt? also i have been on DLA for about 7 year if that matters to anything.