debt collector student loans

Bongio · L Plate Warrior Joined: 23 Nov 2013 Karma :

Sorry about first post being here, I used to have an account but lost my email due to being inactive on it.

Hey there. I used to go uni and left in May this was 2 years ago, but because I left early apparently (even though all the exams had finished) I got an overpayment of student loans. Now I've been paying this off (at £5 a month, not much but I was paying it).

However I've received a letter saying that I didn't make payment; the money was in the account they just didn't take it. Now they are saying I owe £2.5k an if I don't pay it before 25th Nov they are sending it to a debt collection company. I don't have the money at hand I'm not flush with cash.

Moved in with a uni friend this month an don't want them send anyone out to the house (don't want to ruin my rep).

Just after advice what do I do, I can afford the payment of £5 still for now then up it once I get a new job Question

So what do I do need help badly Sad

Nexus Icon · World Chat Champion Joined: 26 Aug 2010 Karma :

Get in touch with them ASAP and arrange a new payment plan. They won't expect it all in one go and if it goes to court, unless you happen to have the cash in the bank, you would only have to make minimal payments so they have nothing to lose by negotiating payments with you directly.
____________________
Greetings from Shitsville!

-Matt- · World Chat Champion Joined: 28 Apr 2013 Karma :

I'd contact them directly first, if not these are a good bunch i know someone found extremely helpful in helping with debt issues [although not student debt so it may not be as releveant]

https://www.stepchange.org/
It is a genuiene charity in also, not like a lot of the commerical business ones immitating a charity.

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Move house. Change your name...
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050

sabian92 · World Chat Champion Joined: 21 Oct 2012 Karma :

waffles · World Chat Champion Joined: 04 Oct 2009 Karma :

Is this from the Student Loans Company? I'm surprised they actually know how much you owe them seeing as when I called up to pay off the balance they could only estimate how much I had to go. They still took money off me after that, I have a cheque here from them (finally).

They are really helpful on the phone though, call them and chat through your options. Make sure you note down the date, time of call, name of the person you spoke to and details of any agreement. Get them to send you a letter with it all in, too.
____________________
Theory test - 19/8/09, CBT - 11/10/09, MOD 1 - 16/8/10, MOD 2 - 27/10/10
Past rides Yamaha XT125X, Triumph TT600, Honda XR250
Current rides Suzuki GSXR 600, Honda MSX125

Vincent · Banned Joined: 16 Oct 2006 Karma :

If you're worried about the bailiffs, remove anything valuable from your home, and consider putting any vehicles in someone elses name. Same with any savings.

Once they see you're a person of little means, they'll leave you alone.

I'd get down the Citizens advice Bureau. Thumbs Up

Plenty of advice and help here:-

www.bailiffhelpforum.co.uk/index.php?sid=a8accdd62924fb1b8f834e1868dc5cbf
____________________
Space Is Deep