Erudio Loan Settlement

buttereatingdog

Hello. I am brand new to this forum and have a couple of issues with my mortgage-style student loans from 1998, 1999 and 2000 (I graduated in 2001 aged 24). I have been in deferment since.

Firstly, has anyone successfully got Erudio to agree a sensible/realistic settlement figure to pay the debt off in full at a reduced amount? I have spoken to them several times and the most they are willing to reduce the figure by is £1,000. Has anyone managed to agree a better settlement deal or have any advice about how best to approach Erudio to get a better deal?

Secondly, I got married in 2011 and when my next deferment came along my husband had to write them a letter saying he was financially supporting me. Since then, they have referred to me as Mrs <husband's surname> despite the fact that I never legally changed my surname to his, never referred to myself as anything other than Ms <birth surname>. I am now divorced, but they continue to refer to me as Mrs <husband's surname>. Am I still liable for the debt due to this error? As technically, Mrs <husband's surname> doesn't and never did exist?

poppasmurf_bewdley

That's probably one of the worst excuses I've ever heard of for trying to get out of a loan.

Still, it beats claiming the loan was mis-sold.

Of course you still owe the money. It was you who took out the loans.

Lungboy

Someone reported a good deal with Erudio a while back but gave no details. I'd be very surprised if a name error was any grounds to get out of paying the loan.

A few questions: are you eligible to defer? If so. Don't give Erudio a penny. Why do you have mortgage style loans? The system changed in 98 so you should be on the newer system.

Helenmelons

Erudio have accepted my settlement offer of 50%. I returned deferment forms, they apparently didn't receive them and I heard nothing for 2 years! I checked my credit file and found a default from them (they didn't ever notify me of this). After several letters asking for 50% settlement and asking for default removal, they have agreed to 'partial settlement' on my credit file. I haven't paid it yet as not sure if it will actually improve my credit score.

sccooter

if your self employed don't let your accountant give any money to hmrc for SL. They will simply keep it and not use it to pay off any part of your loan because SL will say you dont have a loan anymore since they sold it to erudio, and erudio will say they have no means/arrangement of accepting payments from hmrc.
Same goes for if you are employed. Make sure your employers are not taking paymenst for supposed repayment of SL.
sorry spellin