ERUDIO student loans help

ericctheking

This is the definition of gross income.
Gross income is taxable income or taxable benefits.

Child benefit is not taxable.

For Erudio to try and include this is fraud.

Has anyone reported Erudio to the police????

They also tried to get more money from someone who was nearly 50 and the loan due to be written off by making them pay extra each month.

I know the police do not get involved in civil disputes. (Hence you can just ignore Erudio and the police won't be involved )

but.... Fraud is a criminal offense. From this thread it is clear Erudio are involved in fraudulent activity.

Also why do Erudio have a consumer credit license? They are clearly not fit for purpose. Everyone should direct complaints to the FCA on mass so they cancel their licence.

What happens if Erudio loses it's consumer credit license? What happens with the loans?
(The cynic in me thinks that they'll probably be transferred to another made up company in the Arrow/Carval group.)

ericctheking

This is what the serious fraud office says about fraud.

http://www.sfo.gov.uk/fraud/what-is-fraud.aspx

Is this not what Erudio have been doing?

Why don't people report Erudio to the Serious Fraud Office on mass?

The SFO might not take this on so maybe a better way is to contact the police's action fraud.

http://www.actionfraud.police.uk/about-us

Think about the definition of fraud and if any of you know or have evidence of Erudio's fraudulent ways please post and more importantly report it to the police!

JeLaw

ElwoodBlues wrote: »

I'm not giving them a phone number, I don't want them to phone me. I'm entirely within my rights to do so (and I'd urge everyone else to do the same).

If they do manage to get one, I'll tell them to put it in writing and hang up. My next letter will also request that they do everything in writing (I hadn't made this request before, because I'd never given them a contact number on which to call me).

The only reason they want to get you on the phone is to browbeat you into giving them money, whether they're entitled to it or not. They are like sneaky salesmen, but they don't have anything to sell, they just want you money. These people spend all day every day harassing people for money over the phone. They are well practiced and good at their job, they don't have ethics or morals, they'll say anything to get money out of you.

I completely agree. Actually, I know everyone's circumstances are different but I wouldn't care if they had my phone number. I rarely answer the phone especially if I don't recognise the number. And if I did answer I'd happily give them my tale of woe, i.e. I don't have any money to give them!

However I think it's best that I do write and request they communicate by writing only. Just in case SLC has passed on the landline of my parents.

JeLaw

anna2007 wrote: »

They can confirm earnings with HMRC, if there was any discrepancy, then you would probably have to provide full bank statements. Other 'income', e.g. credit card expenditure, loans, etc, can be confirmed by a search on your credit file.

You only have to evidence the declared income on your application, nothing more. And as long as you've declared everything, they have no right to see full statements.

I was a bit concerned about the status of one of my savings products. It's a fixed term product that will earn a certain amount of interest at the end of the fixed term - but only if I don't cash it in early. I haven't cashed it in and so haven't received any income from it. Therefore I haven't included it in my deferment application.

I shouldn't worry too much I suppose because the interest in total (covering several years) still leaves me nowhere near the deferment threshold.

erudioed

Forever wrote: »

I have been deferred on my 1996 student loan.

However, I've just passed most of today writing up my complaints for the FOS. I also emailed the FCA with my complaints as well (not sure if they can do anything though!).

Personally, I complained on the grounds of:

1. Providing information to other CRAs, and the subsequent bad credit rating.

(My original contract says that they may pass info onto CRAs I have argued against this on the grounds of the data protection act, and the false classification of my student loan repayments of being 'on holiday' with the subsequent bad credit rating).

2. There is a costly process if you want to defer

(ie. no envelopes, stamps, needing to call banks, needing to call Erudio etc etc)

3. Raiding people's bank accounts

4. No customer service

5. Using harassment and bullying tactics.

I've never done anything like this before, but hopefully something positive will come out of it

Excellent, now we just need everyone else who has had a problem to follow suit and someone will have to take notice and shine a light on such practices. We are unique in some ways, all xxxhundred thousand of us all deferring around the same time, which if many of us complain definitely wont go unnoticed, even if we wont get the result we deserve!

Forever

erudioed wrote: »

Excellent, now we just need everyone else who has had a problem to follow suit and someone will have to take notice and shine a light on such practices. We are unique in some ways, all xxxhundred thousand of us all deferring around the same time, which if many of us complain definitely wont go unnoticed, even if we wont get the result we deserve!

I completely agree. One or two complaints probably won't make much difference. So, I only hope many people complain to the FOS, for all our sakes

anna2007

JeLaw wrote: »

I was a bit concerned about the status of one of my savings products. It's a fixed term product that will earn a certain amount of interest at the end of the fixed term - but only if I don't cash it in early. I haven't cashed it in and so haven't received any income from it. Therefore I haven't included it in my deferment application.

I shouldn't worry too much I suppose because the interest in total (covering several years) still leaves me nowhere near the deferment threshold.

You're right not to worry JeLaw, you're declaring income for the month before applying for deferment, and certifying your income for the following 2 months is unlikely to go over the threshold, so even if you received the interest in the next 2 months, it's irrelevant if you're still below the threshold.

anna2007

Forever wrote: »

I completely agree. One or two complaints probably won't make much difference. So, I only hope many people complain to the FOS, for all our sakes

AND the FCA!!

Forever

anna2007 wrote: »

AND the FCA!!

Ah yes, of course! I hope everyone complains to the FOS and the FCA

gardenia101

ericctheking wrote: »

This is the definition of gross income.
Gross income is taxable income or taxable benefits.

Child benefit is not taxable.

For Erudio to try and include this is fraud.

Has anyone reported Erudio to the police????

They also tried to get more money from someone who was nearly 50 and the loan due to be written off by making them pay extra each month.

I know the police do not get involved in civil disputes. (Hence you can just ignore Erudio and the police won't be involved )

but.... Fraud is a criminal offense. From this thread it is clear Erudio are involved in fraudulent activity.

Also why do Erudio have a consumer credit license? They are clearly not fit for purpose. Everyone should direct complaints to the FCA on mass so they cancel their licence.

What happens if Erudio loses it's consumer credit license? What happens with the loans?
(The cynic in me thinks that they'll probably be transferred to another made up company in the Arrow/Carval group.)

You are correct in saying that child benefit is not taxable (list here) but I think as SLC used to include it in their calculations, then Erudio will too - Fermi has previously posted an old form.

fermi wrote: »

Just looking at my old SLC docs, and that is the case.

ISTR getting quite cross every year that I had to have my child benefit/tax credits included - I'm only getting them because Call Me Dave & his mates think I'm on too low an income otherwise . But its fine for Erudio to think otherwise.