AngloDreamer

Don't know what ya mean.
I have no kids . I was taking the mickey.
I am from Manchester UK originally so I take the piss like a certain other member which rhymes with yanc.

It is the way we speak around this part of the World .
Not everyone on this site needs help or info.
That is the way it should be.

Some people seethis site as informative some as funny or amusing at times.
Different strokes for different folks etc

I think you have lived in USA too long and have become assimilated .

Anyway chill out .

dbj1000

Calm down mate. You're taking this all way too seriously.

AngloDreamer

Yeah I am taking my own advice and chillin out .
Too much wine last night

BigBarry

Very Old Thread that i am digging up but wanted to know, what happens if you just say bollocks to the loan when you are a US citizen.

Of course morally its wrong. I just got my first bill in a year as I usually defer and its full of penalties for missed payments that I didnt know I had to make.

Forget the moral preaching....If I didnt pay it back?..............

caleyjag

You are supposed to have a British bank account set up that they can direct debit from. You need to periodically wire money across to top it up.

Or you can pay the loan off in a lump sum.

I think the sums involved for qualifying for deferment are higher than those being banded around in this thread.

Anyway, yeah, I too would be curious how they go about claiming it back from you. I haven't heard of them selling debts to private agencies, but it's certainly possible.

The Horticulturalist

There have been several threads here recently about debts being sold to agencies on this side of the pond, but there was some uncertainty about whether they are enforceable over here.

I pay my husbands loan via the SLC website with a credit card, the exchange rate is good and it's cheaper than transferring money monthly.

Bob

If anyone is in a position to do that, they probably didn't need the loans in the first place.

What I'm intrigued about is how they factor cost of living and how much lower the salary threshold is in the US compared to other countries which means your buggered if you live on a coast.

caleyjag

Eh?

There's all kinds of ways a person can come into money quickly.

The reality of course is that with a low interest rate you are always better off investing that money elsewhere, only paying the loans off the amount you are required to.

Jerseygirl

IMO the reality is you're better off owing as little as possible. I know what you're saying but it's not something I've lived by. I can sleep at night knowing I don't owe anything and I have a roof over my head that's all mine.

BigBarry

I basically defer every year and then when I have a bit, pay off some via their website.

My issue is I didnt get a deferment form, didnt get a letter saying I had missed payment and all of a sudden got hit with penalties.

If I dont have to pay this, they can blow it out of their ass

Jerseygirl

Look at the big picture...contact them...explain...offer to pay in installments what you owe.

Chrissywissy100

yes the SLC is sh*t. Just like every other agency linked to the gov't. EG they sent me a letter with the first statement in 3 years (which they are supposed to send annually), apologising for lack of previous statements but also saying that this statement may be incoreect and a correct one will follow - errr!? so why not just send the correct one!?

EG 2. notified them by letter that had changed adress and martial status, and deferred payments for a year using their form. They wrote to me at new adress notifying me of charge to my account for failure to pay (even though sent them deferred overseas payment form thingy in the same bundle), and still had my old name. Wrote ack pointing out they must have had all the paperwok since they had written to me at the new address! Answer from them? None, other than the charge was mysteriously removed from my account! Numpty's the lot of them!

In short, if you can, keep them at bay by annual filing their deferred overseas payment form thingy.. all they wanted from me as proof was a leter confriming my lack of income - and they accepted a letter from hubby!!!!

If they want the money - they can swivel on it! I only took it out to pay for my student tution fees(and a banger of a car, and a new PC- all essential student lioving items in my book!), which the previous year Mr Blair said we students wouldnt be paying if they got into Gov't.. then surprise surprise.. they introduced them anyway!

caleyjag

Perhaps, but if you come into some money, it is makes more financial sense to save it in a high interest account than to pay off a student loan. This requires willpower, of course.

As long as you have that money available in an account should they come calling, and don't fritter it away, you can still sleep easy at night.

Ray

You are what I call scummy people ... take and take ...
and you are even proud of it

Chrissywissy100

People who went to uni the year before I did didnt have to pay student tution fees, so why should I have to?.. esp when Mr Blair broke an election promise!?

Anyway, I'm not doing anything wrong or illegal! I am playing by the rules, and once I do start receiving an income aboue the repayment threshold, then I will of course start repaying!