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if i took out student loans 15 yrs ago when are the wiped?
i took out student loans in 1996, 1997, and 1998, i was in my mid 20,s at the time and am wondering if these get wiped at any stage ? thanks
informative answers only please no moral guff thanks
UK
6 Answers
- Tom GLv 51 decade agoFavorite Answer
I think it is after 40 years?
Or when your 60?
Which ever one comes first
- Anonymous1 decade ago
Why should they be PAY YOUR DEBTS instead of the rest of society paying for you. Student loans, 99.99% of the time, are not even wiped out by a Bankruptcy. You have gotten some real idiot responses so far from idiots who should not even be allowed to post in this section.
So what did you buy with those loans?
- Anonymous1 decade ago
I'm assuming you're not paying on them. If this is the case they won't be cleared from your credit for 7 years after they CLOSE off the account and basically take the loss. Since student loans are generally sizable, chances are they'll just be sold over and over again and will remain on your credit report.
- bloomorninggloryLv 71 decade ago
Student loans are special. They pretty much never go away. They do offer some extra flexibility in terms of repayment so call your lender and ask.
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- Anonymous1 decade ago
When you pay them off! Seriously just pay them off. If you can't make the payments, talk to them. They will often adjust them. And you'll be a more worth while human being if you pay them off.