erudio

go_the_extra

I read on MSE that my loans should have been written off when I was 50. I am 58 in September, not in any work (due to ill health), living off my wife's pension, and my private pension of £37 a month, we do not have any benefits at all. I wrote to erudio in February telling them I would be deferring payments this year, and to send any paperwork to our holiday home in France. No I am not rich just very careful and mostly skint. They did not and then started to empty my meagre bank account. My bank took it back from them, and I wrote to them with exactly what I thought of them, Not a peep from them since, and My Direct Debit is now cancelled by me.
I have a satellite internet connection and am loath to pay extra to use skype to phone erudio up on their 0845 number.
Will they be chasing me for money?

fermi

How old were you when you took out your last loan?

go_the_extra

I got my degree in july 2000 and was born in Sept 1956 so I guess I was 43 or 44

fermi

In that case as you were 40 or over when you had your last loan, it's not wiped until you are 60.

http://www.legislation.gov.uk/uksi/1998/211/made

12. The lender will cancel the borrower’s liability to repay the loan if the borrower—

(a) dies,

(b) is not behind on any repayments under any agreement for a student loan and—

(i) was under the age of 40 when his last agreement for a student loan was made and he reaches the age of 50 or when the last agreement for a student loan has been outstanding for not less than 25 years, whichever is the sooner, or

(ii) was aged 40 or older when his last agreement for a student loan was made and he reaches the age of 60, or

(c) if the borrower can show the lender that he gets a disability related benefit and because of his disability is permanently unfit for work.