I was a student 1996-9 and have a current student loan balance of approx £6k. I know student loans aren't included in bankruptcy, but my student loan has been sold (?) or is certainly administered by Capquest Debt Recovery (they are who I deal with - the SLC won't communicate directly with me at all). I do however still receive an annual statement from the Student Loans Co. I assume this debt won't be included, but can anyone confirm for me?
Are you paying it off at the moment or should you be?
I am paying it off at a nominal agreed rate - currently 35 pounds a month.
This is arranged directly with Capquest (and about every 4 or 5 months they tell me a new payment of about £150 a month is required, and I go back to them and tell them there is no way I can afford this, and then we agree I will pay another 3 or 4 pounds on top of my current rate - this has happened several times over the last couple of years!) not with the SLC.
So it's been passed on due to you not paying it in full when you should have? I think it will still be outside the remit of bankruptcy BUT when you are BR then you will not have the other debt to pay & can hopefully get it bACK ON TRACK.
So it's been passed on due to you not paying it in full when you should have? I think it will still be outside the remit of bankruptcy BUT when you are BR then you will not have the other debt to pay & can hopefully get it bACK ON TRACK.
Not quite. I actually should never have started paying back my student loan (because I was self employed and never earnt enough to start paying) until earlier this year when I started paid employment. However, I supposedly didn't tell them of a change of address and because of their not being able to contact me for 10 months they passed it on to Capquest who then tracked me down.
Student Loan Query
Posted - 13 February 2011 : 16:45:20
