ERUDIO student loans help

anna2007

Lungboy wrote: »

It sounds silly, but Rob Rinder (off the TV) actually specialises in this kind of law. I've considered an email to him but never got off my bottom to write it.

Never heard of him, I don't watch much on TV But the first page when I searched on t'internet said he's been employed by HM Government, and that he usually works to defend those accused of "international fraud, money laundering, and other forms of financial crime".

My tinfoil hat's about to implode!

anna2007

Forever wrote: »

I was thinking of just leaving it, as there is no way I am not going to pay more than 30%.

But it might be worth giving it one more go, and ask someone more senior to take a look at it. The worst they can say is 'no' after all.

Has anyone trying for partial settlement tried using a non-disclosure agreement as a bargaining chip? Seems to be the way they operate in court cases, so may apply to settlements too. It could be used to push the settlement figure down, but also to get agreement to not marking your credit file for the next 6 years?

Although I personally don't agree with anyone paying this shower a penny that's not owed, it might be worth a go if you're sure settlement's what you want.

anna2007

halfpricedebt wrote: »

I think the talk of group action is one seriously worth pursuing. This has all gone on long enough and we really should do something more than complaining to FOS and the like.

It's high time we cranked it up a notch. I think we should partner up with the mumsnet person mentioned earlier in the thread. Everyone who is having to deal with Erudio should see this as an opportunity. We're not powerless - they just hope we feel that way which so far is working.

If enough of us take them on we can change the future for a load of graduates.

I wonder if either MSE or Mumsnet would be interested in helping a group action, by acting as guardian of any crowdfund/other way to pool money? I think that kind of support would go a long way towards making people feel reassured if they do contribute (I remember how uneasy I felt about financially committing to the lawyer on here, simply because you can't be sure if it's genuine).

Brooker_Dave

anna2007 wrote: »

Has anyone trying for partial settlement tried using a non-disclosure agreement as a bargaining chip? Seems to be the way they operate in court cases, so may apply to settlements too. It could be used to push the settlement figure down, but also to get agreement to not marking your credit file for the next 6 years?

Although I personally don't agree with anyone paying this shower a penny that's not owed, it might be worth a go if you're sure settlement's what you want.

They'll want to milk us all dry before agreeing to settlement.

I fear they will do all they can to prevent the loans time expiring.

The credit file thing is risky these days after that bloke won his court case.

Brooker_Dave

"The case raised significant issues as to whether credit reference agencies such as Experian and Equifax "are exposed to the risk of litigation if they incorrectly report or list someone as being in default""

So perhaps we should pursue the CRA parasites if they report our loans?

"Andrew Smith QC, who represented the married father of two in court, indicated the ruling would make it much harder for banks and other financial firms to report people to credit reference agencies, leading to them being blacklisted for credit. He said the judgment meant that where a consumer disputes that he or she defaulted on a loan or credit agreement, the bank or firm cannot put a default notice on their credit file until the matter has been resolved."

anna2007

Brooker_Dave wrote: »

"The case raised significant issues as to whether credit reference agencies such as Experian and Equifax "are exposed to the risk of litigation if they incorrectly report or list someone as being in default""

So perhaps we should pursue the CRA parasites if they report our loans?

I think Experian are a bit spooked about the Erudio situation. After months of email tennis, their last response to me was that they'd consulted their legal team, the responsibility is on Erudio to ensure valid consent is in place - Experian can't reasonably be expected to ensure every entry on a credit file is legitimate.

Fair enough, but I've given Experian advance notice that I dispute Erudio's claim to have a legal right to report the loans. If Experian go ahead and allow it, then they're liable too, why should the CRA get away with that, when they already know it's disputed?!

Anyone who objects to the loan reporting/credit searches should let each of the CRA's know NOW - it can only make things more difficult for them if the loans are reported, and you'll have evidence that you informed them of your objections BEFORE the reporting.

halfpricedebt

Well, I had to phone these scumbags up the other day as another payment was due. I asked what was happening with the settlement and after a lot of prodding they told me it was rejected because the offer was too low!!!

I've yet to get this in writing so this is another element being added to my FOS complaint. 30% is more than enough for a settlement. I asked them what would be enough and the guy on the phone told me "well that might make it easier for you but they aren't going to tell people that". I told him their behaviour was criminal, that they demand we play ball with them but the fair play isn't forthcoming from their side. Makes me so angry that I have to pay them every month at the moment because I want to avoid arrears. I was going to wait until the next deferment comes up but that's just going to mean more hassle about the T&Cs.

Their game is clearly to make things so impossible that you just pay up and I'm honestly on the verge of doing just that to be rid of them but I also morally just don't want to give them a penny more than I have to.

erudioed

And dont forget, if they do report the loans to a CRA, it can also affect people associated with that person's credit file. And student loans cannot affect another individual, any negative effects of a student loan are for the borrower alone. Unless they can confirm and guarantee that wont happen, and they cant because of how CRAs work, this is another issue where they will be on a hiding to nothing if we all get our doo-doo together. But, unless they actually do it, nothing could happen on this specific issue before then.

Forever

anna2007 wrote: »

Has anyone trying for partial settlement tried using a non-disclosure agreement as a bargaining chip? Seems to be the way they operate in court cases, so may apply to settlements too. It could be used to push the settlement figure down, but also to get agreement to not marking your credit file for the next 6 years?

Although I personally don't agree with anyone paying this shower a penny that's not owed, it might be worth a go if you're sure settlement's what you want.

No, I didn't mention non-disclosure, and perhaps I should have done. But they have just refused me again. So, I will not be settling.

Oh well, it saves me money, and it means they lose money. So hey ho

halfpricedebt

So only one person here managed to get a settlement then? They've not been on this forum since then so it makes me wonder if it was legit!