ERUDIO student loans help

erudioed

Brooker_Dave wrote: »

She may not have time to look at youe email given the number of directorships she appears to hold:

http://www.endole.co.uk/profile/641125/mignon-clarke

Including the lovely Titlos PLC

"London Firm Was Created to Route Cash

By Carrick Mollenkamp Updated Feb. 25, 2010 11:57 a.m. ET
Greece's fiscal woes, the exposure of the European financial system to them and the role played by Wall Street in hiding the problems all converge in a fifth-floor office near London's Liverpool Street station where a company called Titlos PLC was created in early 2009.
Just 22 days after Titlos was born, the National Bank of Greece SA and Goldman Sachs Group Inc. arranged for the company to sell €5.1 billion, or about $6.96 billion, in notes, according to U.K. and U.S. documents." (http://www.wsj.com/articles/SB10001424052748703791504575079903903971986)


and:


"TITLOS PLC (SPV) may be to Greece what ‘RAPTOR’ was to Enron. TITLOS PLC (SPV) may be the real smoking gun in the Greek crisis and unfolding Euro Crisis.
Tyler Durden and Marla Singer at Zero Hedge have done a masterful job of investigation and outlining the murky relationship between the rating agencies and the rating of the underwritten swap agreement securitization SPV called Titlos PLC. All brought to you by Goldman Sachs."

http://www.marketoracle.co.uk/Article17332.html

Good to know that our loans are in such good hands and that the BIS looked carefully into the background of the SPV charitable trust that owns them...

I had a look at this as well last year. I'm pretty sure Mark Filer was also one of its directors as well. No surprise considering it was another shell company set up by The Wilmington Trust.
Slightly connected, one of Arrow Global's recent business brags is its moving into the Portuguese debt market. Preying off the back of another country sent into a financial crisis because of weak banking regulation. These companies really are the scum leeching off the poorest in society...but wait, they say, it wasn't Arrow Global's fault someone took out a loan they couldn't afford to pay back. They exemplify why Greece is in the position its in today, why we all live under the threat of calamity/war at any moment and why the pervading economic paradigm never seems to have an alternative put forward when we bemoan financial crises and their shortcomings. These kinds of business have used their cash to buy everything, including any real freedoms we might have had in a fair and just society. But it has been going on since before the 1st World War, with a slight relieving of total control after the 2nd World War, when some thought why not spend all this money we spend on war on social policies that create work and a better society!
Lets hope the Greeks stick to their guns and ride out the current flack...after all, what do they know about democracy right? Maybe they will illuminate a better path for us all...

plong979

anybody got a link to the 97/98 SLC DAF? need to print it off and send it to Erudio

anna2007

plong979 wrote: »

anybody got a link to the 97/98 SLC DAF? need to print it off and send it to Erudio

There's a copy on this debt collector's website here:

http://ccscollect.co.uk/docs/SLC/20130901%20-%20Deferment%20form%2009-13%20(CCS%20Style).pdf

Whether it's the SLC's current one, I don't know - maybe a shared borrower who has completed one recently can confirm? Although this one should be fine for applying.

fermi

It's dated 2012 so would need the threshold changing on the declaration at the very least.

anna2007

fermi wrote: »

On a CCA request they could reconstitute one if needed. There were only 2 types and they are public, so could easily be done with enough info to legally comply.

My first two agreements are different from the copies available online, e.g. the 1990 one has only 14 clauses, 1991 has 16, by 1993 it's the standard 17 clauses. I can see the wording's also different in some of the clauses, although most of it's illegible.

It should still be possible to reconstitute correct copies, but Erudio clearly can't be bothered to do it.

Brooker_Dave

anna2007 wrote: »

My first two agreements are different from the copies available online, e.g. the 1990 one has only 14 clauses, 1991 has 16, by 1993 it's the standard 17 clauses. I can see the wording's also different in some of the clauses, although most of it's illegible.

It should still be possible to reconstitute correct copies, but Erudio clearly can't be bothered to do it.

Is there anything compelling them to do so?

Brooker_Dave

erudioed wrote: »

I had a look at this as well last year. I'm pretty sure Mark Filer was also one of its directors as well. No surprise considering it was another shell company set up by The Wilmington Trust.

http://www.zerohedge.com/article/dangers-greek-regulatory-arbitrage-and-unfortunate-entity-names

"And Who or What the Hell is Titlos PLC Anyhow?"

"As Zero Hedge readers are no doubt aware, we have spent a great deal of time exploring the many complex and creative structures employed by financial institutions to avoid (not evade, mind you) regulatory burdens. "

The basic format of Titlos is common. So common that the formation documents are boilerplate samples pulled from what looks like mortgage CDO shelves. Zero Hedge has acquired copies of company #6810180 [Titlos'] formation documents for your perusal. Leading off the Memorandum of Association is:

The Company's objects are:
To invest in or acquire, whether directly or indirectly, mortgage loans secured on residential or other properties within the United Kingdom or elsewhere, or in securities (of any type) secured on, derived from, linked to or other referable or related to (whether directly or indirectly) any such loans, and to issue securities in payment or part payment for any real or....

!Well, you get the idea. Could it be that Greece's Central Bank floated what amounts to a regulation avoiding (not evading, mind you) loan for €5 billion or so with an off the shelf CDO entity? The irony threatens to throw one into anaphylactic shock. But then, it seems pretty clear when one examines the director's histories for the SPV's organizers. We stopped counting after the 50th instance of some derivation of the word "mortgage" therein. Granted, this isn't surprising for a trustee (Wilmington Trust SP Services) that...

...operates as a securities and structured finance management specialist, providing business finance and administration of asset security for special purpose vehicles.

But it is interesting that the issuers elected to use such a firm in the first place. We said "interesting," you will note, and not "surprising.""


"Titlos Plc has 3 directors appointed, of which 2 are current and 1 have resigned.


Miss Mignon Clarke

Mr Mark Howard Filer"

Brooker_Dave

erudioed wrote: »

Lets hope the Greeks stick to their guns and ride out the current flack...after all, what do they know about democracy right? Maybe they will illuminate a better path for us all...

Turns out the ECB have a report on Titlos PLC that's being kept under wraps.

"Bloomberg’s freedom-of-information request was twice rejected by the ECB before the news organization sued in December 2010. A lower EU court in 2012 ruled that disclosing the documents “would have undermined the protection of the public interest so far as concerns the economic policy of the European Union and Greece.”
Bloomberg sought access to two internal papers drafted for the central bank’s six-member executive board. The first document is entitled “The impact on government deficit and debt from off-market swaps: the Greek case.” The second reviews Titlos Plc, a structure that allowed National Bank of Greece SA, the country’s biggest lender, to borrow from the ECB by creating collateral"

So given the real concerns around the activities of Titlos PLC, could the "fit person" FCA thing be bought into question?

fermi

anna2007 wrote: »

It should still be possible to reconstitute correct copies, but Erudio clearly can't be bothered to do it.

Only any point them doing so if they needed to demonstrate they had complied to a court in case of enforcement by taking you to court.

ericctheking

This is a review from someone who worked for Capita.

Was treated really unfairly
Erudio student loans (Former Employee), leeds – June 9, 2015
Pros: free shuttle bus

well the way they treated their customers were terrible eg a payment would be taken out from a customers account without warning several days later they would receive a letter stating we have "we will take a payment out"so the letters would get to the customers after payment taken out
Also on my first day was told if you if late because of traffic all you have to do is make the time up, when i was late once i had to fill in a form also did not get paid for one hour where as two other of my colleagues came late all they had to do was make time up and still got paid for it,
Also they were overstaffed so they did not extend my contract and the did not redeploy me anywhere else
i did not apply for Erudio student loans, i applied for samsung but they moved me to erudio student loans and did not extend my contract surely they should have helped me get a new job in capita
slo i did not get a next discount card whereas rest of my team received one