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  • FIRST POST
    TazFrank1
    ERUDIO student loans help
    • #1
    • 16th Mar 14, 10:32 PM
    ERUDIO student loans help 16th Mar 14 at 10:32 PM
    HI,

    My student loan has recently been sold to erudio student loans company. I currently defer my loan as I am below the salary threshold to pay it back. The letter states that erudio will supply details of my loan to credit rating agencies, something that has never been done before. There have never been any details of my student loan on my credit file. Will this adversely effect my credit score?? I know I am right to defer as I do not earn enough to start paying it back, however, I am worried that a 10k student loan debt that has not been paid off can only be a bad thing for my credit score

    thanks
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    • Lungboy
    • By Lungboy 10th Aug 18, 12:36 PM
    • 1,454 Posts
    • 1,435 Thanks
    Lungboy
    If he has split loans with both Thesis and Erudio, then deferment should be handled through SLC, and Erudio should have nothing to do with it. I'd be getting on to the SLC to find out what's going on.
    • Dayzydook
    • By Dayzydook 10th Aug 18, 8:54 PM
    • 3 Posts
    • 0 Thanks
    Dayzydook
    Thanks lungboy, SLC sent letters saying that they have deferred Erudio and thesis loans, but Erudio are saying they will not accept deferment as the loan has matured?? Erudio are saying that they are requesting a history of deferments from SLC and that they can call in the loan as deferment was missed??
    • Lungboy
    • By Lungboy 11th Aug 18, 8:41 PM
    • 1,454 Posts
    • 1,435 Thanks
    Lungboy
    The loans maturing thing is a made up term that they seem to use when people are so far in arrears that they want the full loan repaid. Could that be the case?
    • Gmarshark
    • By Gmarshark 14th Aug 18, 10:36 AM
    • 1 Posts
    • 0 Thanks
    Gmarshark
    Morning all. I am new here as a member but have been reading for months. I have a SL from 1997 and on from 1998. Both the minimum amount at the time total around 4.5k. I have deferred for years and still am. Erudio have both loans now!!!129297;

    They Royaly mess me around.... been through their complaints procedures!!!129313; And via ombudsman but no sensible outcome. Will post more detail when I have my junk together.

    Erudio have intentionally forced me into arrears due to not following regulations set out by SLC around deferment, this happened in 2015 and I have challenged since with no success. I believe they did it to prevent me from having the loan cancled when reaching 50.

    The ombudsman gave me a we cannot help you as you have fallen foul of our rules, awaiting the letter.
    Much wanted help for me and all !!!128580;
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