Student Loan

[Jud67]

Hi,

 

I have to old student loan totaling about 8000 pounds one in 1995 and the other in 1997, now i understand that these are both old style contracts.

 

I have been receiving DCA letters for many years about one a month on average, the DCA changes about three times a year and once a year the Student Loans then contact me. I have not responded to any of these or made any payment towards this debt.

 

Are these statute barred? if so when would the default date be? when i finished Uni or did not respond to their letters or when i was employed an earning over the threshold.

 

I have sent request for information with 1.00 fee and awaiting response.

 

Any advice please.

[Jud67]

Sorry to Bump any advice?

[sequenci]

Have you been refering these?

[master woody]

If you hav'nt acknowledged in writing or piad in any way in the last six years they become statue barred, or a sequenci asks been defering

defering = acknowlegment

The loans don’t do away but are unenforceable. Check and check again that you haven’t paid for six years or sent them a letter. Then send them the statue barred letter.

Or you could just keep on doing what your doing and leave sleeping dogs….

Safe in knowledge they can’t do anything

http://www.insolvencyhelpline.co.uk/debt_factsheets/liability_for_debts_and_the_limitation_act.htm

[sequenci]

lol defering is what i meant!

 

excuse me... long day!

[Jud67]

Thanks for your response.

 

The DCA sent my 1.00 back and said that they would forward my request to the Student loans company, as they did not own the debt.

[PrettyPaula]

im pretty sure they dont get put under the 6 yrs thing?

 

as far as ive been made aware my student loans remain payable for 25 years or until i turn 60 (whichever is first) as these arent credit agreements as such and go on your NI number.

 

can i ask why you wouldnt want to pay your student loans back? sorry if thats intrusive, its just to me its the one debt i look forward to paying!

[sequenci]

im pretty sure they dont get put under the 6 yrs thing?

 

as far as ive been made aware my student loans remain payable for 25 years or until i turn 60 (whichever is first) as these arent credit agreements as such and go on your NI number.

 

can i ask why you wouldnt want to pay your student loans back? sorry if thats intrusive, its just to me its the one debt i look forward to paying!

 

Student loans have a limitation period of 6 years. The Limitation Act bars the remedy but not the right, this means that new-style loans can still be reclaimed from source if you are working.

[master woody]

basicaly

new style= neaver

Old style= 6 years barred

 

is that right????????

[sequenci]

basicaly

new style= neaver

Old style= 6 years barred

 

is that right????????

 

Well technically a new style could be statute barred but it wouldn't stop the lender taking their money back if you work within the UK tax system.

[master woody]

ahhhhHhhhhhhHHHHHHH