Student Loans Company in Financial Legal Issues Posted August 30, 2010 The Student Loans Company have placed a default on my credit file. I received a notice of intention to default and as my debt wasn't statute barred I decided I would pay it off (which I want to anyway). I forgot to get a deferrment when it was last due, hence the arrears. However, I set up a payment plan and was told this would keep my account out of default. Seems not. Not only that but lower amounts than I pay are recorded, and the default starts on the date of the first payment in this plan. I also earn way under the payment threshold but was told I could only defer for 5 years...is this true? Anything I can do to get this removed?