Question
Statute of Limitations for student loans?
I have a student loan, part of it is provincal and the other is federal is there a statute of limitaions on these loans. They reported on my credit buera but have come off because it has been 7 years now I have a collector calling and demanding the money can this be put back on my credit report. The loans were back in 1998 now she is saying she has a date of 2005. What can I do about this?
2 years ago - 11 answers
Best Answer
Chosen by Asker
There could have been a judgement in 2005 against you. What can you do? Pay it off. You owe the money so why should it be off your credit report?
by Goose me
2 years ago
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Other Answers
There is no statute of limitation *specifically* on student loans. Here are some details: www ...
by Anonymoose- 2 years ago
student loans, like IRS debt NEVER GO AWAY! not even bankruptcy can wipe them out. If you're not in the USA, I don't know
by Captain Flatulence- 2 years ago
In the US, you can tell them not to call anymore and they must repsect that. Also, do not make a single concession here.If you make a single payment, then she will have a current date of activity on her side. The next tme she calls, tell her patiently and firmly, do not call me again, Tell her that any contact made must be through the mail. Snail mail. She's getting paid to harrass you. Stop her in her tracks. (This is US info.)
by let's get busy- 2 years ago
There's not much you can do about this. Gov't student loans have their own rules. They will never go away, even after they fall off. Even if your student loans were provided by a "private" company, they still may be attached to the government, so be aware of that. Since the collector has a 2005 date, that just probably means that it was sold to her company during that year. The only think you can really do is pay it off or make some sort of payment arrangement. Legally, the collector still has the right to try and collect the money you owe.
by YSIC- 2 years ago
Canada I don't know but I suspect it's similar to the US. In the US, there is no limitation. You will owe it forever unless you file bankruptcy. .
by NoahTall- 2 years ago
nope, I am paying on student loans that are 25 years old. If you pay on them and default, each time once they get you to pay on it, your reconfirming the debt and starting over, It won't show on your credit eport, but you will always and forever owe it till it's paid off. Bankrupcy does not errase taxes or student loans (or any debt to the government).
by R L- 2 years ago
Ah student loans, the best damn tracking dogs in existance. Yes the collecton agency can put it back on your report and if they sell the debt the new one can put it on also. I had one loan listed 4 times from different agencies from the dept of ed, to some fly by night collection agency. And after I paid them they showed up paid but stayed on the report for the full 7 years. Soory bout the bad news, dont shoot the messenger
by Papa Joe- 2 years ago
Student Loans will follow you forever till they are paid off. They sell and resell them. charging enormous interest rates if you default. They are like dealing with a pyrannah. They will attach your wages, bank accounts and all Tax refunds. There is no statue of limitations. The only reason they have for not paying is disability. If you are disabled and have a letter from your doctor they will accept that.
by kdsmm- 2 years ago
I don't know about in Canada (or whatever country you are in), but in the US, Federally Guaranteed Students Loans are never dischargeable, even in bankruptcy.
by Quixotic- 2 years ago