My friend too out a student loan 7 yrs ago in the UK, they have never taken a payment has it been wruitten off
Answers:
There is a limit for claiming back a civil debt - I think it's 6 or 7 years. If no demand for payment has been made or the person has not admitted liability.
Check with CAB or Debt Counselling service. It's under the limitations rule
Unfortunately not. I believe that they don't start taking payments until the person earns 15,000. If he is not earning this much yet then they will probably wait a few more years before they contact him to start taking the money.
They will only write off the debt if it has not been paid in full 25 years after completing his course or if he turns 65.
Your friend needs to talk to his company and tell them he has a Student Loan to pay off, they will then sort out the paperwork.
If that was true we'd all have loans like that and never have to pay them off, and the country would go bankrupt... Well, the first part of that statement sounded fun didn't it?!
nope i think they will catch you the next time you go for a loan. otherwise it is fine . generally the banks are lenient on student loans.
not written off until you are 65 or become permenantly disabled. Unless you were permenantly disabled at the start of your course in which case you have to pay.
NOOOOOOOOOO!! I was at university 7 years ago and i've only just started to pay back my loan. They never forget ... if they don't catch you now they will when your seventy and get £30 in pension money!!
before he gets deeper in debt get some financial help you don,t want to be wondering the of your life will you get a knock on the door BANG it the bay-lifts
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.