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Link Financial chasing me for student loans


kalcod
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Why on earth did you give them money on a debt that was likely statue barred? I'm sorry to say you've likely just shot yourself in the foot, and will now end up having to pay them everything.

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not if its sb'ed you cant unbar a loan

not even a judge can

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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to prove it

check your CRA file

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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4 weeks since I sent the letter. No written reply, no phone calls (yay!), no email, no texts. Funny how they take this long to respond to my letter when they bombarded me with calls immediately after they sent theirs - with the obligatory threats about interest charges going up daily etc...

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did you check your cra file?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

its not a bad debt record

it a record of your credit history

 

there maybe a spoof entry which is causing this

 

its free if you cancel before 30days with a card [debit or credit]

 

one site is creditexpert.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

only if taken out before july 1997 i think

when they changed

after that all new ones do not ever become SB'ed

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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sri yes yes

 

5yrs in scotland

6yrs else

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I know the difference between between the Pre and Post '98 loans, but doesn't statute barred kick in after 5 years in Scotland, and with the Student loans Company being based in Galsgow, how does that affect things?

 

You have to be resident in Scotland of course for the 5 years to apply.

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  • 1 month later...

I have now had a reply from Link stating that I made payment in March 2007. What's my next step? Any quick help would be appreciated.

 

I obviously can't recall paying this, but if it is proved correct, can I ask to stagger payments? I asked Link this before but they said they do not accept staggered payment and threatened me with court proceedings (again).

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They have a habit of stating that a mysterious phantom payment has been paid, tell them you want to know how much, by whome and by what method along with supporting evidence.

 

The onus is on them to prove you made a payment not on you that you didn't.

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Thanks for the prompt reply - much appreciated.

 

They have supplied me with a copy of my Student Loans Statement which shows two payments one in 99 and the last one in 2007. I'm assuming that they will suggest this is sufficient proof?

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I used to defer payments up to around 2002 because I was studying a PhD then I think I stopped. I think I took a wee strop because they kept taking money from my account despite yearly deferments. I can't actually recall what I did after that apart from the fact I totally forgot about it!

 

If a payment was made in March 2007, that is less than 5 years. Would this not mean the loan is NOT time barred and I am obliged to pay?

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If there were no payments or deferments between '99 & 2007 it would still be Statute Barred, any payment after six years does not unbar it... nothing can.

 

The only way you can be certain what has happened with this a/c is to send the SLC a SAR which will cost £10. you will get back copies of statements, deferments etc & if there is any clear period of six years were no payment or deferment was made it will be SB.

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Ok, I need to send a letter back PDQ as they are calling and threatening again. I'll send something back to reaffirm that no payments were made for more than 7 years prior to the 2007 payment meaning that it is still SB'd.

 

Thanks again for your help. More power to your keyboard!

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dont be worried by the phonecalls

they'll do that anyway

 

typical MO for link

 

dont foget

they are a dca and have NO LEGAL POWERS

 

they are NOT BAILIFFS

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I have just noticed that Link's letter to me states that I continued to defer payment with the last period ending in May 2005. Then there was a large payment in 2006 and small payment in 2007. I have no record of any of this. Help!

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