Student Loan CCJ passed to LINK

[tango6]

Hi All,
I have had a student loan back in 1997 since then due to unemployment I have defaulted and a CCJ been taken out by SLC on name.
I have made an arrangement to pay £5 a month and keeping up the payment until last month. In the mean time the account been passed over to LINK Outsourcing, LINK has been adding interest to account and been sending annual report with interest.

My CCJ have dropped off a few years back and I don't see my account balance going down at all due to interest being added. I am now in a position I can no longer keep up the payment. The questions I have now is:

- What will happen if I stop paying LINK ( do they have any legal right to enforce the 16 years old CCJ)
- Can I make a payment agreement with SLC
- Is there any way I can make a full and final settlement figure that LINK would accept and remove all interested charged.

Many thanks in advance
Tangon

[nemesis45]

Re: Student Loan CCJ passed to LINK

Hi All,
I have had a student loan back in 1997 since then due to unemployment I have defaulted and a CCJ been taken out by SLC on name.
I have made an arrangement to pay £5 a month and keeping up the payment until last month. In the mean time the account been passed over to LINK Outsourcing, LINK has been adding interest to account and been sending annual report with interest.

My CCJ have dropped off a few years back and I don't see my account balance going down at all due to interest being added. I am now in a position I can no longer keep up the payment. The questions I have now is:

- What will happen if I stop paying LINK ( do they have any legal right to enforce the 16 years old CCJ)
- Can I make a payment agreement with SLC
- Is there any way I can make a full and final settlement figure that LINK would accept and remove all interested charged.

Many thanks in advance
Tangon

Good evening, welcome to LB,

Link would have to apply to the court now to take further enforcement action if the amount is large they my succeed.

How much is now allegedly owed?

If you have a low income, no realisable assets, eg. property enforcement action will not achieve anything.

nem

nem

[tango6]

Re: Student Loan CCJ passed to LINK

Many thanks for reply Nem,

The original amount transferred to LINK was £3750 back in May 2000.
Current balance with interest according to LINK is now £4710 (According to LINK).
I do have my own property with mortgage but they don't know that.
I don't mind paying directly to SLC to reduce the debt but not willing to make LINK Financial richer :-)

Regards
Tangon

[nemesis45]

Re: Student Loan CCJ passed to LINK

Many thanks for reply Nem,

The original amount transferred to LINK was £3750 back in May 2000.
Current balance with interest according to LINK is now £4710 (According to LINK).
I do have my own property with mortgage but they don't know that.
I don't mind paying directly to SLC to reduce the debt but not willing to make LINK Financial richer :-)

Regards
Tangon

Hi Tangon,

I'm not too sure as to if interest can be charged on delinquent student loans,.

I'll see if any one knows.

nem

[tango6]

Re: Student Loan CCJ passed to LINK

Many thanks for your reply. Just wondering anyone else has any advice on this
Regards
Tangon

[nemesis45]

Re: Student Loan CCJ passed to LINK

Many thanks for your reply. Just wondering anyone else has any advice on this
Regards
Tangon

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