[Osem]

Originally Posted by Damien

ah ok.

Well I went before they increased the fees and changed the way you pay it back. He will have more debt and I believe they increased the interest rate as well.

However they also pay less per salary band than I did and the debt gets wiped out after 30 years I think. So a lot of people will never pay back the whole amount before it gets wiped. It's better to think of it as an additional tax rather than a debt.

As for mortgages etc. It's only considered in the sense you get less take home pay available for a mortgage. It won't appear in a credit check and it isn't considered a debt in the same way a car loan would be. You don't get debt collectors and so on.

Don't worry about this in the same way you would worry about other debt.

There was a good post from the money saving expert about this, I'll see if I can find it.

---------- Post added at 11:44 ---------- Previous post was at 11:42 ----------

Here ya go: http://www.moneysavingexpert.com/stu...n-fees-changes

TVM