22 year old student loan Erudio now capquest

[Pickles18]

Hi,

 

Any advice help you guys can give would be greatly appreciated

 

I had a student loan for £1,500 back in 1994 - when I finished Uni & started working I contacted the student loan company at least 20 times both via telephone & letter as I was worried that if I didn't start to repay they would want a big lump sum at a time when I couldn't afford to pay.

 

I was told over the phone everytime I called that I wasn't in "the system" and to call back and they would try to locate my account. This went on for months & in the end the advisor on the phone asked me to write in with all my details & they would contact me once they had found my details, so I did.

 

I never heard a word and have always been in the electoral register so easy to find.

 

Today - I've arrived home from work to find 2 letters - both from DCA's. The first says they've passed my account on to a second one and the second one is asking me to start making repayments on a debt of over £5K.

 

Whilst I'm not averse to paying the original £1.5k loan back - I'm not going to pay for interest since they haven't bothered to contact me in 22 years.

 

Is this debt stature barred by now?

 

My feeling is to just ignore them but any advice it help you guys can give would be greatly appreciated.

 

Thanks

[maroondevo52]

Hi,

 

I've moved this thread to the appropriate forum.

 

Regards,

 

Scott.

[Pickles18]

Thanks Scott - sorry I placed it in the wrong one - my bad

[Pickles18]

Also - can you please send me a link to where it is now because I can't find it

[Pickles18]

Oh it's ok - I've found it - thank you

[dx100uk]

Name names please

[unclebulgaria67]

Yes those old student loans pre 1998 are subject to limitations act, so are statute barred. That would only stop being the case, had you deferred in writing each year since or made payments, meaning that 6 years had not passed without acknowledgement or payment.

 

Which DCA is writing to you ?

 

I ask, as it might inform whether to ignore or write back advising that the debt is statute barred.

 

It is an unenforceable debt you don't have to pay, but some DCA's are silly enough to issue court claims after hassling people, hoping for a default judgement.

[Pickles18]

Hey Uncle Buck,

 

The first was from Erudio and the second one was from capquest.

 

It's v odd that I've had 2 letters delivered on the same day from both agencies - don't you think?

[Pickles18]

Also - I've never even heard from any of them & it's really annoying that I tried to pay 22 years ago and that couldn't find my details yet now want 3 times the original £'s

[dx100uk]

right

you need to get yourself upto speed dear boy.

 

 

Erudio and capquest are the same people

both owned by Arrows group.

 

they were sold lots of the old style mortgage loans a few years back.

 

now and i'll be honest here, typically they don't chase the ones that are statute barred.

 

so you need to do a bit of digging here.

 

when was the last time you deferred the loan please?

[by actually sending back the SLC form]

and when was the last time that you wrote to them regarding this debt?

 

then we can move this fwd properly.

 

dx

[Pickles18]

Hey dx,

 

I concur - I do indeed need to get myself up to speed. I'm a dear girl btw

 

I've never deferred the loan - I've never even been contacted regarding it until today.

 

I've never heard from anyone or talked to anyone regarding it in 22 years.

 

As I've said - I contacted the SLA sat least 20 times 22 years ago & they couldn't find my "account".

 

I'm surprised to even hear about it after all this time.

 

Are they trying it?

 

xx

 

Just to be clear did - I've never had any contact from them before today. So there ha,s been no contact from me whatsoever

[unclebulgaria67]

I would tend to write back just saying that this relates to a student loan arranged back in 1994 for which you have had no contact with Student Loans or any other company since. That because it relates to an old style pre 1998 loan, that it is subject to limitations and as it is statute barred, you will not enter in further correspondence regarding it. Ask them to confirm in writing that they will not contact you again.

[Pickles18]

Hi,

 

I didn't write back and now have received another letter.

 

Do I have to write back or can I just ignore the letters?

 

 

The last one was sent in August and nothing since.

 

 

They can't actually take me to court or anything can they?

[dx100uk]

not without a signed agreement no

and its most prob statute barred anyway.

[Pickles18]

Thank you dx100uk - I think I'll just ignore them in that case