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ERUDIO student loans help

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Comments

  • socherry wrote: »
    Just for info: I have an SLC deferment application letter on me (I keep EVERYTHING!), and can confirm that it also used the word 'may be entitled to defer payment'.

    It also required us to keep DD details with them even though we are deferring.

    SLC didn't steal money from peoples accounts, who in their right mind would have a DD set up with Erudio.

    SLC form only asked for relevant information, no P60's etc which isn't relevant to deferring.

    SLC form doesn't have text on it changing the terms of the agreement sneakily.

    SLC didn't lie over the phone.
  • Is it possible to seek phone call transcripts from SLC within the last 5 years. If so, how?
  • What happens if you move abroad?

    I'm with Erudio and my boyfriend is with the SLC; he's started repaying but I have just deferred successfully.

    We're looking at relocating and I assume riding off into the sunset without our loans is not an option..
    DEBT FREE! Sep '08/£9,800 in Oct '06 :beer:
  • rizla_king
    rizla_king Posts: 2,895 Forumite
    anna2007 wrote: »
    This happened to someone over on MN, due to start repaying but payments much higher than expected. Erudio said it was down to the date the loans 'matured', which meant the date the loans were due to be cancelled when the borrower reached the qualifying age.

    Shocking tactic and a breach of the law and agreement.

    If Erudio have demanded the higher payment in writing, then there's evidence, I'm sure they'd be more sneaky about it though and make the demand over the phone only?

    Yes, that is the con they have been trying with other people.

    Claiming that it all has to be paid back before the date it can be written off.

    Complete bull and against the law and terms and conditions, but Arrow Global AKA Erudio have never given a !!!! about those unless they can be twisted to theri advantage.
    Still rolling rolling rolling...... :) <
    SIGNATURE - Not part of post
  • Voyager2002
    Voyager2002 Posts: 16,332 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What happens if you move abroad?

    I'm with Erudio and my boyfriend is with the SLC; he's started repaying but I have just deferred successfully.

    We're looking at relocating and I assume riding off into the sunset without our loans is not an option..

    You assume right...

    Your payments, and your right to defer, will be calculated on the basis of your incomes in whichever country you live, using standard exchange rates. No allowance is made for differences in the cost of living. Defaulting would lead to the same problems faced by anyone else who moves abroad and leaves debts behind: what happens if you ever want to return to the UK, or move to a country with a legal system compatible with the UK (Australia, USA, anywhere in the EU...)?
  • anna2007
    anna2007 Posts: 1,182 Forumite
    Keli80 wrote: »
    erudio advised us today we would have to pay full loan within 3 months after end of deferment date not the 60 month period we thought. when we asked why this was the case they advised it had to do with the maturity date of the loan. could not get a straight answer on the ins and outs of this
    Keli80 Are you now due to repay as your income's gone over the deferment threshold?

    Do you know if your loans are due to be written off soon (usually when you reach age 50, or 60 if you were over 40 when you took the loans out)?

    And did Erudio tell you any of this in writing (even if it was just a demand for the higher repayment)?
  • Hey guys,

    Iv also been messed about by erudio, iv been chasing for a deferment form since april and still havent received one, everytime i call i get told im in arrears but they still aint got me a form.. all of my loans are pre 98, i was wondering what if i just ignore them as even though they havent sent me a form they keep calling me.. i havent signed anything with erudio so does that mean i dont have an agreement with them?

    oh also i hadnt receved any notice informing me who Erudio are, i had to find out that i needed to contact erudio to defer when i called SLC to chase for a deferment form..
  • socherry
    socherry Posts: 13 Forumite
    edited 21 August 2014 at 1:50PM
    Originally Posted by socherry View Post
    Just for info: I have an SLC deferment application letter on me (I keep EVERYTHING!), and can confirm that it also used the word 'may be entitled to defer payment'.

    It also required us to keep DD details with them even though we are deferring.
    SLC didn't steal money from peoples accounts, who in their right mind would have a DD set up with Erudio.

    SLC form only asked for relevant information, no P60's etc which isn't relevant to deferring.

    SLC form doesn't have text on it changing the terms of the agreement sneakily.

    SLC didn't lie over the phone.

    I think maybe I wasn't clear - I am in no way trying to stick up for erudio - I have had significant stress due to their methods in dealing with my deferment since they took it over.

    I was simply clarifying previous posts where people were questioning whether the SLC had used the word 'may' as they'd spotted it in their erudio claims, and also whether SLC had required us to give them DD info.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Pluthero
    Pluthero Posts: 222 Forumite
    100 Posts
    DuB-RooTz wrote: »
    Hey guys,

    Iv also been messed about by erudio, iv been chasing for a deferment form since april and still havent received one, everytime i call i get told im in arrears but they still aint got me a form.. all of my loans are pre 98, i was wondering what if i just ignore them as even though they havent sent me a form they keep calling me.. i havent signed anything with erudio so does that mean i dont have an agreement with them?

    oh also i hadnt receved any notice informing me who Erudio are, i had to find out that i needed to contact erudio to defer when i called SLC to chase for a deferment form..

    Don't call them! Get a paper trail to chart their incompetence! Recorded mail only. I assume you have not received your NOA? Write and tell them this!
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