Post-98 Loan Resident Overseas

[dallion]

with help and some research it transpires that post 1998 CAN be statute barred

 

the issue lies with you cannot stop the PAYE system from letting them take payments when earning over the threshold.

 

if you are not PAYE or overseas, then you are ok.

 

dx

 

 

 

Hi dx,

 

digging up an old post I know, you say that a post 98 student loan can be statute barred. Could you expand on how one could go about having your loan statute barred?

 

I have been living overseas for around 10 years and have no contact from SLC until about a month ago.

[maroondevo52]

Hi,

 

There's a thread here that may help ..............

 

http://forums.moneysavingexpert.com/showthread.php?t=4319987

 

Getting in touch with Nationaldebtline would be your best bet...

 

https://www.nationaldebtline.org/EW/Pages/default.aspx

[dallion]

Hi all,

 

I took out student loans from 1999 until graduation in 2004. I have never reached the threshold for repayment in the UK and have been resident overseas for 8 years.

 

Any advice on whether my loans can be statute barred? There seems to be some contradicting information (basically they CAN be statute barred, but repayments can be taken from my pay if I were to earn in the UK again).

 

Just looking to clarify what my options are.

[dx100uk]

that's about it yes

 

 

if I were to be honest

 

 

theres little anyone can do to you being abroad.

 

 

dx

[dallion]

Thanks dx,

 

I think I will send a statute barred letter, any thoughts on whether I should be referencing the Scottish Act (I studied in Scotland and was resident there) or the equivalent legislation from the rest of the UK?

 

I have drafted a letter (pulled bits from template letters I have found online, here and on other forums) and would appreciate if you (or anyone else) could give it a once over:

 

[removed as out of date now - dx]

[dx100uk]

I'd be sending the Scottish SB letter

but you are abroad so makes no odd they cant get anything out of you anyway!

 

 

theres a Scottish SB letter in your green library tab top left

[citizenB]

http://www.consumeractiongroup.co.uk/forum/showthread.php?387433-Statute-Barred-Letter-SCOTLAND-**Update-21st-April-2014**(1-Viewing)-nbsp

 

Link to the SB letter from the CAG library. The letter you have drafted and posted up above will be of little use because you mention the OFT, which has not been in existence for well over a year now.

[jacobjones]

I'm not quite understanding the statute-barred thing. If I ignore SLC for six years, then the loans become statute-barred, but if I send in a legitimate deferment form every year for six plus years, they do not. Is that right?

[dx100uk]

written ack of the debt signed by you resets SB clock