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  • FIRST POST
    • Dazza808
    • By Dazza808 10th Oct 16, 3:34 PM
    • 4Posts
    • 1Thanks
    Dazza808
    Erudio asking for full payment of student loan
    • #1
    • 10th Oct 16, 3:34 PM
    Erudio asking for full payment of student loan 10th Oct 16 at 3:34 PM
    I'm looking for some advice on how to deal with Erudio.

    I've just received a letter from Erudio saying my student loan has matured and the outstanding balance is due in full, it's just under £2000, the loan was taken out in 1995.

    I will admit I received a letter in February they sent me but didn't give it any attention because since taking the loan I've always been below the income threshold to start repaying so thought I didn't have to bother with them, I thought things would continue as they did under the Student Loans Company.

    The letter in February stated they have had problems producing statutory notices that should have been sent to me since March 2014 but have now rectified the problem and sent me in the letter a few statements dating back to 2014 that should have received at the time, they said no interest would be charged over this period and would start again in March 2016.

    The more I read about the horror stories dealing with Erudio I'd like to know what my next step should be, I am entitled to defer the payments, I can prove my last 4 years income from my self assessment with HMRC.

    Any help greatly appreciated...
Page 1
    • Dazza808
    • By Dazza808 10th Oct 16, 4:12 PM
    • 4 Posts
    • 1 Thanks
    Dazza808
    • #2
    • 10th Oct 16, 4:12 PM
    • #2
    • 10th Oct 16, 4:12 PM
    Reading up further on this I may have a case here for the loan to be Statute Barred as I understand pre 1998 loans are eligible in certain circumstances.

    I have not received any communications from the Student Loan Company since the 90's, never signed a deferment or anything.

    Do I have a case to have the loan Statute Barred?
    • Brooker Dave
    • By Brooker Dave 10th Oct 16, 5:54 PM
    • 4,729 Posts
    • 3,082 Thanks
    Brooker Dave
    • #3
    • 10th Oct 16, 5:54 PM
    • #3
    • 10th Oct 16, 5:54 PM
    Reading up further on this I may have a case here for the loan to be Statute Barred as I understand pre 1998 loans are eligible in certain circumstances.

    I have not received any communications from the Student Loan Company since the 90's, never signed a deferment or anything.

    Do I have a case to have the loan Statute Barred?
    Originally posted by Dazza808
    In that case it's statute barred, and Arrow Guernsey (Erudio's loan sharks) know it.

    They are just trying to cheat you out of money.
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
    • Dazza808
    • By Dazza808 10th Oct 16, 7:34 PM
    • 4 Posts
    • 1 Thanks
    Dazza808
    • #4
    • 10th Oct 16, 7:34 PM
    • #4
    • 10th Oct 16, 7:34 PM
    In that case it's statute barred, and Arrow Guernsey (Erudio's loan sharks) know it.

    They are just trying to cheat you out of money.
    Originally posted by Brooker Dave
    The stunts they try and pull hey!, I didn't think student loans could be statute barred but on reading up on various forums it seems they can be before 98.

    I certainly have had no contact for atleast 15+ years with the SLC before these debts were sold on by the government, first letter I received was February this year from Erudio.

    To prove it could not be statute barred would they have to show me to have signed a deferment with the then student loans company or to have made a payment in the last 6 years?, I'm just thinking they may try to blag me again, I'm fully expecting them to ignore any letter I send stating the loan should be statute barred.
    • Brock_and_Roll
    • By Brock_and_Roll 12th Oct 16, 1:33 PM
    • 696 Posts
    • 658 Thanks
    Brock_and_Roll
    • #5
    • 12th Oct 16, 1:33 PM
    • #5
    • 12th Oct 16, 1:33 PM
    [QUOTE
    They are just trying to cheat you out of money.[/QUOTE]


    Thanks not quite technically true - the OP still owes, and will continue to owe the money, its just the debt holder cannot enforce the contract through the courts.


    So their business model relies on buying these loans for a few pence in the pound then using whatever moral / quasi-legal pressure they can legally use to try and collect the debts. Presumably, some people, for various reasons, do pay up.
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