Bad Credit Student Loans Detail
University graduates who default on student loans taken out before 1998 will now be reported to credit rating agencies under new rules announced by the Student Loans Company (SLC) .
The SLC added: "Customers who engage with Student Loans Company and make suitable arrangements to repay or to defer repayments will not face court action for as long as they keep to their agreed repayment plan."Loans taken out after 1998 are not affected by the new system as payments are deducted directly from graduates’ payslips. Those who earn less than £25,936 a year have the option of deferring payment.
University graduates who default on student loans taken out before 1998 will now be reported to credit rating agencies under new rules announced by the Student Loans Company (SLC) .
The SLC added: "Customers who engage with Student Loans Company and make suitable arrangements to repay or to defer repayments will not face court action for as long as they keep to their agreed repayment plan."Loans taken out after 1998 are not affected by the new system as payments are deducted directly from graduates’ payslips. Those who earn less than £25,936 a year have the option of deferring payment.
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