ERUDIO student loans help

erudioed

hes certainly fighting the corner for us. He got Lewy toungue tied last time, theres no chance they'll take part. After all, Erudio doesnt exist in reality, so it would be Lewy or Georgina Hayes from Arrow, and neither have the nouse to go head to head with Martin Lewis

BaffledByErudio

I'm beginning to think we're all p***ing in the wind with all this. The sheer incompetence and 'skirting the edges of the law' by Erudio looks like it's always going to be permitted. I just can't face the fact i'll be dealing with their confusion, punishment and greed for the next eight years (whether or not I continue to defer). Why the hell are they allowed to operate like they're in the wild west? They aren't at all professional. It's often difficult to tell if they are just incompetent or pretending they are incompetent because it suits their needs!

erudioed

youll be able to access it after the show finishes but he is basically saying its a coincidence it has gone down, but the fact that BIS are not providing him with the actual figures used to get the £2000 drop makes it look dodgy. Its good.

erudioed

The influence of these US financial debt focused businesses need stamping out. The markets so advanced in the US they have a head start now our politicians and international trade agreements have opened us up to their influence. Wait until they unveil the new Europe/US trade agreement that they are discussing now in great secrecy...kiss everything good bye, including whats left of the NHS. They basically have dirtied the idea of the welfare state and state support for important services...makes you wonder what the future generations actually get for paying tax.

Mitch_Sorenstein

Waste of time.

anna2007

Ok, one last try at figuring out the deferment drop...

Could the difference relate to occupational pensions, which according to Wikipedia account for 7% of earnings? Coincidence?
http://en.m.wikipedia.org/wiki/Income_in_the_United_Kingdom

This would also explain why the deferment level's higher than 85% of AWE, i.e. pensions are added back on.

Perhaps this year, they've 'accidentally' left pensions out of the equation?

If I'm wrong, then I give up!

Lungboy

The pension thing was one reason given for the much lower rise in wages, as employers are having to pay into pension pots for their workers, and so are giving out fewer/lower rises. I doubt that would be it though. If anything, I'd think a case could be made for including employer contributions to the earnings figure.

Mitch_Sorenstein

I'm sorry but after the last 6 years of the economy, I don't care what calculations they've used, the threshold should be going up, not down. To go down by over two thousand pounds at such a time is completely outrageous. When there's never been a jump in threshold that's even close to two thousand pounds then you can rest assured this is a complete fix up.

JeLaw

Mitch_Sorenstein wrote: »

I'm sorry but after the last 6 years of the economy, I don't care what calculations they've used, the threshold should be going up, not down. To go down by over two thousand pounds at such a time is completely outrageous. When there's never been a jump in threshold that's even close to two thousand pounds then you can rest assured this is a complete fix up.

I can't help but agree with you.

I don't come anywhere close to the new threshold so this doesn't affect me personally but this is just another unpleasant development since Erudio bought our loans. Our deferment threshold is higher than the new style loans but then we have to make much larger repayments once we go over that threshold.

I don't suppose there was any mention on the show about the other stuff going on by Erudio? The insistence on using their deferment form, maintaining an active DD, money still being debited from bank accounts despite someone being in deferment, deferment delays.

erudioed

anna2007 wrote: »

Ok, one last try at figuring out the deferment drop...

Could the difference relate to occupational pensions, which according to Wikipedia account for 7% of earnings? Coincidence?
http://en.m.wikipedia.org/wiki/Income_in_the_United_Kingdom

This would also explain why the deferment level's higher than 85% of AWE, i.e. pensions are added back on.

Perhaps this year, they've 'accidentally' left pensions out of the equation?

If I'm wrong, then I give up!

Its like Martin Lewis was saying, until BIS provide the figures the calculation is based on, it is impossible to work out. A new FOI request maybe:
Please provide the detailed calculations and methodology used to calculate the 2014 threshold decrease for Mortgage Style student loans etc etc...


It really does seem like trying to get blood out of a stone on every question we have about Erudio...it just adds to the suspicion. However, with such calculations, those who understand it better will be able to give us a valued interpretation.