ERUDIO student loans help

Lungboy

BorderReiver14 wrote: »

yep... and thus I assume my pre-98 and post 98 loans have different T&Cs hence one of the reasons I do not wish to use the form as it would essentially bring them all in to line. From what I have read that would be ideal for ESL.
Thanks for the reply

BR

I'm not sure, but I think loans that span 98 all follow the t&c's of the 1st loan you took out.

fermi

Nope. I had loans that spanned it, and the T&Cs switched from the old to the newer.

Lungboy

Oh right, I could have sworn my 99-03 loans were the same as my 97 and 98 loans. How would I find out? I very much doubt I have the original paperwork, and everything from Erudio just lists the loans with nothing to indicate any difference.

fermi

https://www.nationaldebtline.org/EW/factsheets/Pages/39%20EW%20Credit%20agreements%20-%20getting%20information/Page-04.aspx

Chadsman

Chadsman wrote: »

My current deferment is about to expire. I have applied for another deferment but have not yet had anything back. What date in the month do Erudio try to collect payments- is it still the 15th of the month as in the days of SLC?

...anyone?

Ed-1

fermi wrote: »

Nope. I had loans that spanned it, and the T&Cs switched from the old to the newer.

Lungboy wrote: »

I'm not sure, but I think loans that span 98 all follow the t&c's of the 1st loan you took out.

By 'terms and conditions' if we are talking about mortgage-style and income contingent, then post-98 loans will only be income contingent if a new course was started in September 1998 or later. Loans taken for courses starting before September 1998 that continued after 1998 will still be mortgage-style.

If by 'terms and conditions' we are talking about consumer credit regulation and ability to report to credit reference agencies etc. then yes, the terms switch for new mortgage-style loans taken out after September 1998.

Erudio/Honours/Thesis only own mortgage-style loans and any one company may own loans taken pre/post-98.

fermi

I was talking about the mortgage style loans.

So must have BorderReiver14 been, as if all them are with Erudio by definition they must all be that type.

Ed-1

fermi wrote: »

I was talking about the mortgage style loans.

So must have BorderReiver14 been, as if all them are with Erudio by definition they must all be that type.

So if you've got both mortgage-style and income contingent repayment loans then you must have started a new course after 1998?

anna2007

Chadsman wrote: »

...anyone?

I'm sure Erudio stated somewhere in the deferment application pack that if deferment wasn't renewed, the first payment would be due the day after the current deferment period ended.

anna2007

Student1983 wrote: »

Hi all. Update. My loan has been written off as I was 50 last week. Thank goodness. That stress has been sorted.

That's great news, really chuffed to hear you're rid of Erudio

I agree with Pluthero and others though, you should use FOS or contact Anthony and try to recover any repayments you made - Erudio aren't entitled to any of your money!