Author Topic: Student Loans, "real" Debt?  (Read 746 times)


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Student Loans, "real" Debt?
« on: Jan 01, 2012, 05:22:27 PM »
I recently graduated and have passed the £15,000 threshold which means I have to start repaying my student debt. Should I be worried about this debt?
Do Bank managers take student loan debt in to consideration when applying for mortgages? Is it true that HMRC wipes the Student loan clean after 25 years of graduation regardless of how much is left on it?
I have no other forms debt.

James Falla

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Re: Student Loans, "real" Debt?
« Reply #1 on: Jan 04, 2012, 12:23:19 PM »
Hello seiko12
You should not be worried about this debt. It is perfectly normal for a graduate to have student loan company debt. As long as you make the payments that you are required to make, the fact tht ou have this debt will not impact your credit file in any way. If you are applying for a mortgage, then lenders will take this debt into consideration but only so far as how much you have to repay each month and how this may impact your ability to afford to maintain your mortgage payments.
Debt Expert & Author