SLCL - Staute Barred?

[mpwk00914]

Hi and thanks in advance for any help I get.

 

I received a letter today from Student Loans Company stating they have traced me and requesting I contact them by Wednesday to make full payment or they will pass my account to a DRA. I am in no position to make payment.

 

 

• - The Student Loans were taken out around 12-15 years ago.
  
• - They last contacted me by phone around 2000 maybe longer. I couldn't be certain of the date. I was earning a very low wage at the time and asked for deferrment forms to be sent to me. I believe I received them but was young and stupid and irresponsible and never got around to returning them.
  
• - This is the first contact from them since then and I have not made any contact with them.
  
• - I have absolutely no paperwork with regard to the loans.
  

 

My intention is to use the letter template from this site to reply at once asking for written confirmation that the matter is now closed as it is expired under Statute of Limitations. I just would like some reassurance that this is the correct course of action. Is there else I should do?

 

Thanks in advance

 

Mark

Edited January 31, 2009 by mpwk00914
Spelling/formatting

[dx100uk]

what jokers.....

well statute barred!

oh and it matters not 'when' they last spoke to you.

it 6yrs from your last monetary transaction.

 

dx

[maroondevo52]

Hi,

 

LIMITATION ACT for Student loans.

 

STUDENT LOANS

Student loan agreements are simple contracts

and this gives the Student Loans Company

(SLC) six years from the date you last paid or

acknowledged the debt to go to court to

enforce the agreement. There are two sorts of

student loans and different rules apply

depending upon when you took out the loan.

 

Old style student loans

Old style or ‘mortgage’ student loans are

consumer credit agreements. Payments cannot

automatically be deducted from your wages.

The SLC has to go to court before they can

enforce the debt against you. This means that

the Limitation Act can apply if you have not

paid or acknowledged the debt for over six

years.

 

WARNING

Asking for the loan to be deferred could

count as acknowledging the debt and start time

running again.

 

New style student loans

From September 1998 new style or ‘income

contingent’ student loans include rules to say

that repayments will be automatically deducted

directly from your wages or through your tax

return if you are self-employed. This means

that the SLC are still allowed to take money

from your wages for a loan over six years old

as they do not have to go to court to do so.

 

 

Regards.

 

Scott.