We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Suddenly, Erudio...
heartbreak_star
Posts: 8,287 Forumite
Hi all,
I became debt-free this year and was completely delighted. Unfortunately, this has reared it's big ol' ugly head.
I had 2 Student Loans in 1999 and 2000, which I genuinely thought I'd been deferring.
Now I get a letter off Erudio (not SLC!) saying that my loans have "matured" and they want them all back now.
Who are this Erudio? Are they a DCA and if so can I wallop them with a CCA request/statute barred letter or whatever?
Reaaaallllyy confused. Please help.
HBS x
I became debt-free this year and was completely delighted. Unfortunately, this has reared it's big ol' ugly head.
I had 2 Student Loans in 1999 and 2000, which I genuinely thought I'd been deferring.
Now I get a letter off Erudio (not SLC!) saying that my loans have "matured" and they want them all back now.
Who are this Erudio? Are they a DCA and if so can I wallop them with a CCA request/statute barred letter or whatever?
Reaaaallllyy confused. Please help.
HBS x
"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer
0
Comments
-
Looks like These people - so appears that they have taken over the loans from SLC, rather than being a DCA.
Do you have the paperwork confirming deferment? Are your earnings still below the threshold for paying back?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Have a look on the loans board, there's a big thread about Erudio.Non me fac calcitrare tuum culi0
-
Hi,
Erudio are one of the debt collectors that took over the old style student loans. The old style student loans were loans before September 1998, so if you started your course before 1998 then you may have remained on the old style loan for the rest of your course.
The key issue will be, when did you last defer it? If more than 6 years has passed since you were last due to file a deferment and there have been no payments, written acknowledgement of the debt or a CCJ in that time, the debt would be statute barred and you can send the standard letter about this.
Laura
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Have a look on the loans board, there's a big thread about Erudio.
According to there website they are "part of the Arrow global group".
That should tell you all you need to know about Erudio.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thanks everyone, I will have a shufty through my old paperwork tonight
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0 -
Eruido are parasites. No other word for it. They delay approving deferment and then try to tell you that you have a missed payment which will stop you being able write off the loan. They penalise you if you have a couple of weeks overtime even if your annual income is under the threshold.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards