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What happens if the Student Loan Company don’t find you five years after you graduated?
Personal Finance
susiq1111 asked:
I’ve got a student loan from the SLC (Uk) and I heard a rumour that if they don’t find you in 5 years, the bill is wiped. Is this true? Do they back date payments when/if they do find you?
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Tags: Loan Uk, Rumour, Slc, Student Loan Company
September 28th, 2008 at 6:23 am
Wow, I hope for YOUR sake it’s true.
Here in the US they can haunt you for the rest of your life !
And they can garnish your wages and take your Social Security payments !
September 30th, 2008 at 8:48 am
Did you borrow this money in good faith?
Did you promise to pay it back?
What you are proposing is a form of stealing.
Are you of admirable character? (Since you are thinking of breaking your promise to repay this loan, I think you lack character.)
It doesn’t matter if they can find you. YOU have an obligation to find them and repay your loan.
If you don’t, you are just sleaze.
September 30th, 2008 at 10:22 am
They will find you and meanwhile sleazeball the interest is piling up and when they come knocking I strongly suggest you have K-Y jelly as there is a surgeon they caught up with 12 years later and his original bill was like 24 thousand pounds and with late fees , interest , and penalties they grabbed him for over a 100,000.00 large and he tried using the same thing you are doing . You owe pay - real simple unless you are a lowlife , sleazeball, gutter living creep . They will find you though through income tax returns sooner or later so you are not too slick .
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