Not paying the student loans company.

[don___quixote]

I've never paid them a dime even though i owe over designated amount, so i got back to my mums the other day and they have written a letter to me there stating that H & M customs reckon i earn no taxable income and that, i should declare any, or get fined £150 quid plus any costs they incur proving i do.

hence:

do you wise and worldly sorts reckon i should?


I'm thinking fuck em - i owe somewhere in the region of 15 - 20...

edit : it may also be relevant that I've eared over the set amount for a while and have been out of Uni for even longer. Oh and also i have no sense of morality when it come to paying these people.

edit 2 : though i would like to know if they have a facility to fuck me over.


edit 3 : thanking you in advance.

[Tec]

15-20K?

fake death mate

[Yer_Maw]

I ignoring mine until they track me down to where i live. Sending letters to my mum dont count.

Either way the intrest on it now is zero so martins penny pinching money tips say always pay off your student loan last. Get rid of other debt first.

[joe pinapples]

h00t h00t. pay them nothing. depends when u got the loan what they can do to you. use the google to find out.

[kams]

they got me in the end - but yeah - more expensive people have my cash first

i thought i'd got away with it - when having passed the loan over to a debt collection agency it seemed to get lost.. with both parties claiming the other has possession of the debt.. but it obviously turned up in someones in tray eventually.

[julian]

i forgett how long, but, i think, 5yrs abroad, and its written off...

just in case anyones thinking of emigrating?

[wheezer]

it's a good idea to leave some debt in one country, and earn salary in another. as long as the first country gives you a tax break for having debt and no income, and the interest on the debt is ok.

[Tec]

my loan comes out of my wage before i even get the chance to chose whether to pay 'em..how come you guys have a choice o pay or not?

[don___quixote]

they got me in the end - but yeah - more expensive people have my cash first

i thought i'd got away with it - when having passed the loan over to a debt collection agency it seemed to get lost.. with both parties claiming the other has possession of the debt.. but it obviously turned up in someones in tray eventually.


Hi Kam's: if you don't want to go into details no worries but, do you now owe someone other than the SLC and did you have to pay cost's? how long did take em? etc...

@ Tec: in my opinion its down to an ineptitude, on their part, so overwhelmingly real that they have failed to get the most important part of the money lending process mastered. basic: FAIL WHALE.

[thembuzz]

@ Tec: in my opinion its down to an ineptitude, on their part, so overwhelmingly real that they have failed to get the most important part of the money lending process mastered. basic: FAIL WHALE.

i've been in central and local government for most of my working life, and i can attest to that. i don't think any conspiracy theorist can ever have done time in the civil service

[Kiersty]

though watch out. this is not student debt but child support. story recently in news a guy didn't even know he had a child and worked in civil service all his life. took them 9 years to track him down and when they did rinsed his savings and took back payment for all those years.

And they closed the living abroad for 5 years loophole so that won't work anymore

[kams]

Hi Kam's: if you don't want to go into details no worries but, do you now owe someone other than the SLC and did you have to pay cost's? how long did take em? etc...

@ Tec: in my opinion its down to an ineptitude, on their part, so overwhelmingly real that they have failed to get the most important part of the money lending process mastered. basic: FAIL WHALE.

SLC split into two companies a while ago - they sold a portion of the debts to a new company called Honors Student Loans. I'd moved so often at that point and never deferred - so they got pissed and passed my loan onto a debt collection agency. Who found me eventually when I stopped moving house annually.

I pay £80 a month - which is an agreement to pay the arrears that built up - not the loan itself. So it's not really getting any better quickly. But i've got other shit to pay off first with much higher interest rates.

Apparently you can hold off their ability to take court action to retrieve by paying them a £1 a month. This technically disqualifies any legal action as they can only prosecute after set period of non-payment has passed. A financial advisor told me that.

I'd be very suprised if a UK money lender/debt collector wrote off a debt completely. But I guess these are low risk compared to defaulting on mortgages etc.

Tec - my younger sister has it taken out of her wages. They must have cottoned on quite quickly that they got a better return doing it that way.

[JonnySpeed]

I say pay back the tiny amount they ask each month.

sounds like a cunt; I had too when I was barely earning £15K

[christtjj]

in this country (amerika ;) if you default on your loans eventually they'll be nullified (like 10 years..) BUT if you pay back ANY amount, it's another 10 years from the date of payment. SO.. if you haven't paid in 7 years, best to wait another 3 ;)

[JonnySpeed]

> i have no sense of morality when it come to paying these people.

its the community purse you are not paying - not The Man. Though I think education should be fully funded out of tax in the first place.

[M H]

i forgett how long, but, i think, 5yrs abroad, and its written off...

just in case anyones thinking of emigrating?

urban myth.... I know from experience...

[M H]

though watch out. this is not student debt but child support. story recently in news a guy didn't even know he had a child and worked in civil service all his life. took them 9 years to track him down and when they did rinsed his savings and took back payment for all those years.


The CSA are well avoidable if you want to remain elusive to them.. but come down like a ton of bricks on people just trying to do the right thing, and sort it, but are having financial difficulties... which is pretty shitty really... I certainly don't begrudge paying for my daughter, but hate the way that at the first sign that a payment has been missed (despite the fact that it could be due to a cockup by the bank or even the CSA themselves), they are on your back threatening to go directly to your employer to take the money, in a very very aggresive way.. and then wonder why people end up shouting down the phone to them.. I heard of them harrasing men who had no kids before due to administrative error, and the thing is, there is no legal recourse, no ombardsman, nothing, in fact, the only way to get it sorted out when there is an error and deadlock is reached seems to be through people working at the CAB who have good contacts inside the CSA.. and they havn't been "disbanded to concentrate on the hardcore non-payers", just re-branded as "One" and continue in the same fashion...

[kams]

Seperated Dad's have fuck all rights.. and generally get assumed to be useless fuckers.

Where's my Batman suit?