Erudio CCJ set aside hearing - Dydens 'Tomlin Order' gambit pre hearing
2) I emailed Drydens ahead of court hearing to say I will consider repayment agreement under original loan T&Cs on the basis the CCJ judgement against my name is removed.
3) They respond to say 'I assume the wording that has confused you is the part highlighted. To clarify we are saying, once an agreement has been reached by way of Tomlin Order it will not be necessary for us to continue with further legal action as long as you meet the terms of the Tomlin Order.'
'You unfortunately will not be able to continue the T & Cs of the original agreement as the original agreement is void. The debt no longer is with Student Loans Company, who the original agreement was with, but has been assigned to our client and the Claimant, Erudio Student Loans Limited.'
Comments
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There is a very long thread on here called ERUDIO student loans help which gives some interesting insights into their interesting way of working. It is quite possible they had your correct address all along but chose to use an old one because it is in their interests to do so.
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Agree - but now I am in the situation they wished to put me in. Erudio bought all pre 1998 loans for approx 18% of total loan value from Student Loans Company in 2013. Knowing many of those loans they purchased will come to marturity, or expire at the 25 year mark, effectively now in 2023/24. Realising this they have deployed various unscrupulous techniques to recover. One of these is to drop a 'back door' CCJ last minute, ie giving little opportunity for the defendent to respond, effectively forcing the defendent to settle in full close to the mark regardless of their circumstance. This thrust has maximum adverse impact on credit worthiness of the defendent - pressuring them to settle up in full to avoid a situation where they will not be able to obtain a mortgage or any other credit.0
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Given the complexities involved, it's essential to proceed thoughtfully.
Entering into a new agreement, such as a Tomlin order, may indeed reset the terms and start date of any outstanding loans, potentially impacting their expiration. It's crucial to carefully review the terms of any proposed agreement and consider seeking legal advice to fully understand the ramifications.
Your approach of considering a repayment agreement under the original loan terms, contingent upon the removal of the CCJ judgment, is reasonable. However, it's essential to ensure that any agreement reached aligns with your long-term financial goals and provides sufficient protection.
The response from Drydens underscores the need for clarity regarding the implications of any proposed agreement. Seeking clarification on specific terms and potential consequences can help inform your decision-making process.
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