Jump to content
Tucoist

Student loan from Sallie Mae, now by Drydensfairfax solicitors

style="text-align:center;"> Please note that this topic has not had any new posts for the last 417 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hello,

 

I took out a student loan with a company named 'Sallie Mae' for a masters degree in 2007 that finished in 2008

but I did not graduate until the following year - 2009.

They are a company who specializes in professional studies loans.

 

During that time I had no contact from Sallie Mae and then

 

i read in around 2008 that they had ceased trading in this country.

 

There was no facility to contact them and the US branch is totally separate.

Other people had commented on the internet that they are also in the same situation at that time.

 

In around 2010 I started to receive letter from a company named 'Total Credit Finance Limited' based in Scotland.

 

I did email them to say that I was not in a position to start paying the loan off due to not hearing from Sallie Mae for a few years.

 

They wanted money (around £500) for me to extend the time that I had to differ the loan for longer.

As I did not have this money available I chose to ignore it.

 

They continued to send me invoices but nothing more.

 

I have now received a letter from a company named Drydensfairfax solicitors telling me that action will be taken

if I do not respond within 14 days (now 1 week).

 

I am about to go freelance as a designer and I am worried that I will have to go to court

and they will send the bailiffs round and take all the equipment I need to be able to complete my job.

 

Also I am worried that I will be forced to pay ridiculous fees to a loan that was agreed with a different company altogether.

 

At first it did not show on my credit report but it is now there, will this be screwed forever?

 

If I would have not contacted 'Total Credit Finance' it would have been nearly 6 years since I took out the loan.

 

Many Thanks for your time in reading this.

 

I took this loan out to help with my career and this is still an ongoing process.

Share this post


Link to post
Share on other sites

Hello and welcome,

 

Firstly check your credit files and see if this is on there,

 

NEVER speak to any of these leeches on the phone EVER!

 

Keep a diary of events and keep EVERYTHING in writing.

 

You need to be as exact as you can with the dates, when EXACTLY did you stop paying toward this loan?

 

What were you exact words to them in 2010?

If it was along the lines of, "I cannot pay toward my debt" then that may have reset the clock..??


Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

HOW DO I START A NEW THREAD?

 

 

 

Share this post


Link to post
Share on other sites

Hello, many thanks for your reply I am need of help and advice.

 

I have checked my credit report and it is most definitely on there as 'ARROW GLOBAL LIMITED' the company name.

 

I have not spoken to them on the phone and do not intend to. I have been getting private number and strange 0845 numbers calling my phone but I do not answer as a rule if I do not recognise the number.

 

From now on I will keep a diary of events, on my part I have been a little scared of this whole situation and almost tried to forget about it.

 

The loan I have not made a payment towards. After 'SALLIE MAE" stopped trading in this country me and lot of other people had absolutely no information to go on. It was after some time that 'TOTALCREDITFINANCE' started to send me letters. And now it is 'DRYDENSFAIRFAX' solicitors who are not sending the letters.

 

The email that I sent to 'TOTALCREDITFINANCE' was on the 11/1/10 and it states:

 

---------------------------------------------------------------------------------------------------------------------------------------------------

 

Dear Sir/Madam

 

 

I am writing to you to inform you about my current financial position. I am only

in part time employment currently and cannot afford the repayment plan taken out

with the loan at the beginning of my course.

 

I am liaising with a design company with full time employment being taken with

them in the next 6 months. When this happens I will be able to afford the

payment full payment plan. For the time being I would like to restructure a

payment plan that I can afford. I do want to start paying the loan back but at

a slightly reduced amount until full time employment in the design field, which

is my ultimate goal after completing my Masters Degree.

 

Could you please advise me on my options.

 

---------------------------------------------------------------------------------------------------------------------------------------------------

 

I received no reply...

 

The first letters that I received from 'DRYDENSFAIRFAX' stated that I needed to make immediate payment

of the outstanding balance within 14 days of the letter (8th July 2013).

 

 

I have now received more letters from 'DRYDENSFAIRFAX' stating that,

if they do not hear from me within 14 days of the letter dated (22nd July 2013)

I will leave them with no alternative but to recommend to their client 'ARROW GLOBAL LIMITED'

thats they should consider taking legal action against me.

 

The commencement of legal proceedings will incur additional costs,

which will be added to the outstanding debt.

It also warns me that any CCJ's will severely effect my ability to obtain credit in the future.

 

I am now very worried that they are going to send the bailiffs round and take the very equipment I need to be able to do my job.

I am just at a loss with what to do as I do not want to go to court either.

Is this scare tactics?

 

Many thanks again and I hope that this makes sense.

I am about to start freelancing again and I hope that this awful situation does not effect that either.

Edited by Tucoist
Wrote a reply didn't show so wanted to make sure it was working.

Share this post


Link to post
Share on other sites

Bailiffs will NOT be used. IF ( and its a big IF) a court claim is issued, you can provide a defence and give your version of events. When it goes before a judge, you can give the judge a comprehensive I&E and he will arrange a payment plan you can afford. Bailiffs only ever come onto the scene if you point blank refuse to pay, or the court has exhausted all other options.

 

Thats not to mention that bailiffs will only ever be even remotely linked to your debt IF the creditor wins the case.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

I hope not as that will be a massive stress to me and my family.

 

I had to move back to the family home due to health issues and having people trying to enter the premises will be a nightmare.

 

Once I am sorted I would like to get the ball rolling but I am still getting my career of the ground

with hard work and perseverance with money not being abundant.

Share this post


Link to post
Share on other sites

Really court isnt anything to worry about. It is NOTHING like you see on the tv. It is a court rep/judge in a suit, you, and the creditors rep ( if they bother to turn up). You sit around a table and go through the claim.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Having never been in trouble with the police or ever been in a court it still sounds pretty daunting. I am worried that they will demand a ridiculous monthly payment or try and get me to take a job that will pay just to fund them.

 

Also the threat of bailiffs is still causing me sleepless nights. For me to lose my most precious of belongings that I need to do my job would be soul destroying.

Share this post


Link to post
Share on other sites

Complete a financial statement and make a monthly offer of payment. That should fend off legal action. You'll find a decent financial statement via the National Debtline website:

 

http://www.nationaldebtline.co.uk/

 

Have you other creditors?

Share this post


Link to post
Share on other sites

Thankfully no other creditors apart from this student loan. What do you think about the email that I sent to the first people who the debt was sold to, 'TOTALCREDITFINANCE', in 2010?

Share this post


Link to post
Share on other sites

That sort of thing is pretty much perfect, they'll just want to see a financial statement so that they can see that the instalment is fair and reasonable.

Share this post


Link to post
Share on other sites

have you sent this lot a CCA request

 

might be an idea

 

if they don't have a copy of the credit agreement

 

they are just about stuffed!

 

I doubt it exists.

 

adapt the following text to YOUR details.

DO NOT SIGN THE LETTER!

get a £1 BLANK Postal order

write on the back

for statutory £1 CCA FEE ONLY.

leave the payee BLANK

post the two off by 1st class post, get proof of posting from PO counter

they have 12+2 WORKING days to comply.

 

CCA request


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI Read Here

3. Reclaim Bank Account, Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

if they don't have a copy of the credit agreement

 

they are just about stuffed!

 

Why would that be? It seems to be a post April '07 agreement from where I'm sat - unless I'm missing something?!

Share this post


Link to post
Share on other sites
have you sent this lot a CCA request

 

might be an idea

 

if they don't have a copy of the credit agreement

 

they are just about stuffed!

 

I doubt it exists.

 

dx

 

Are they? I'd like to know why as I don't think they'd be stuffed at all. I think the advice to get a CFS compliant I&E form to back up any offer of payment will almost certainly guarantee acceptance by the DCA. If it were to go to court after that, I think the judge would be asking the DCA why they had taken it to court when a perfectly reasonable offer was on the table.

Share this post


Link to post
Share on other sites

hello

 

the 'lets just blindly pay someone because they sent me a threat-o-gram'

 

brigade are amassing.

 

getting very boring guys

 

this is CAG consumer ACTION group

 

not the 'rollover and accept what a dca says is true

on a debt poss over 6yrs old and poss statute barred' group.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI Read Here

3. Reclaim Bank Account, Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites

The OP has made is clear that they wish to make a reasonable payment.

 

If there was an e-mail in 2010 then that may well count as acknowldgement, and if so the debt is unlikely to be stat barred until 2016. Of course it would be down to whoever's chasing to prove the acknowldgement, if the debt has been passed around the houses that could be difficult - although not impossible.

 

A cca challenge is likely to be fruitless if indeed the loan was taken out after April '07.

 

Tucoist - has there ever been any payments made? When precisely was the loan entered into? I'm assuming that it's probably towards the back end of 2007, right?

Share this post


Link to post
Share on other sites

Off topic posts removed.

 

Let's await that date of payment from the OP please as it could have an impact.


If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

Share this post


Link to post
Share on other sites

dx - you just made a rather insulting post about Dodgeball and I which I tried to report. It stated an invalid post and wouldn't let me report it. Now I come back and find the post, along with a couple of others gone. Why?

 

My question was why the sudden need to resort to insults? Would you like to comment, or will this post disappear as well?

Share this post


Link to post
Share on other sites

Apologies ims - your post was not showing when I made my response. Happy for it to be removed. :-D

Share this post


Link to post
Share on other sites

although this is called a 'student loan'

 

it wont be a part of the Student Loan Company funding etc

and the rules pre/post 1998 with regard to gov't funding etc etc.

 

only those loans issued by the Student Loan Company'

 

follow those rules.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI Read Here

3. Reclaim Bank Account, Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial Read Here

Share this post


Link to post
Share on other sites
hello

 

the 'lets just blindly pay someone because they sent me a threat-o-gram'

 

brigade are amassing.

 

getting very boring guys

 

this is CAG consumer ACTION group

 

not the 'rollover and accept what a dca says is true

on a debt poss over 6yrs old and poss statute barred' group.

 

dx

 

I think there is something to be said to repaying a debt which is rightfully owed.

 

Of course if it is SB then that is another matter, lets hope so.

Edited by ims21

DO NOT PAY UPFRONT FEES TO COLD CALLERS PROMISING TO WRITE OFF YOUR DEBTS

DO NOT PAY UPFRONT FEES FOR COSTLY TELEPHONE CONSULTATIONS WITH SO CALLED "EXPERTS" THEY INVARIABLY ARE NOTHING OF THE SORT

BEWARE OF QUICK FIX DEBT SOLUTIONS, IF IT LOOKS LIKE IT IS TO GOOD TO BE TRUE IT INVARIABLY IS

Share this post


Link to post
Share on other sites
I think there is something to be said to repaying a debt which is rightfully owed.

 

Of course if it is SB then that is another matter, lets hope so.

 

Not sure (in this case) that 2007 terms could become SB at year 6, been a long time since I looked at student loans.... Perhaps there is still an opportunity to defer the principal but it may require some digging by the OP.

Share this post


Link to post
Share on other sites

Hi

 

This is a link to another thread on this subject of sallie mae uk: http://www.consumeractiongroup.co.uk/forum/showthread.php?226831-Unsecured-Loan.-Sallie-Mae-UK


How to Upload Documents/Images on CAG - **INSTRUCTIONS CLICK HERE**

FORUM RULES - Please ensure to read these before posting **FORUM RULES CLICK HERE**

I cannot give any advice by PM - If you provide a link to your Thread then I will be happy to offer advice there.

I advise to the best of my ability, but I am not a qualified professional, benefits lawyer nor Welfare Rights Adviser.

Please Donate button to the Consumer Action Group

Share this post


Link to post
Share on other sites

What's also important to consider with student loans is when the loan actually became due for payment - as that is when the cause of action would actually begin - and often with loans of this nature that could be later than 2007.

Share this post


Link to post
Share on other sites
What's also important to consider with student loans is when the loan actually became due for payment - as that is when the cause of action would actually begin - and often with loans of this nature that could be later than 2007.

 

Yes this is an excellent point, if the account was not defaulted and terminated the SB commencement date would be on the termination of the contract.


DO NOT PAY UPFRONT FEES TO COLD CALLERS PROMISING TO WRITE OFF YOUR DEBTS

DO NOT PAY UPFRONT FEES FOR COSTLY TELEPHONE CONSULTATIONS WITH SO CALLED "EXPERTS" THEY INVARIABLY ARE NOTHING OF THE SORT

BEWARE OF QUICK FIX DEBT SOLUTIONS, IF IT LOOKS LIKE IT IS TO GOOD TO BE TRUE IT INVARIABLY IS

Share this post


Link to post
Share on other sites

Had a brief squint on Google for salliemae uk terms and

they don't appear to be student loans in the strictest sense that us locals may understand them to be.

 

 

It may be prudent to get a s77/78 request in the post pronto,

from what I can make of it they appear to be restricted use

but with interest penalty at deferment even during the period of education.

 

 

Durham uni still seem to promote the facility for international students.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?




  • Tweets

  • Posts

    • Please give more details about the collection agency. You say that you are able to get something in writing from your ex-partner that you are not responsible. I suggest that you get that immediately. Is your ex-partner prepared to take responsibility for the debt? The jump from £890-£3200 sounds enormous and it sounds to me as if they must've moved this up to the High Court for enforcement. You will get more specialised help soon – but in the meantime send the water company an SAR and get the statement from your ex-partner.  
    • hi. i never actually got any letters from anyone untill i found out about the CCJ then i asked the court for details of who it was from southern water company,  then as soon as i phoned up the collection agency they came around was rude as anything and said they was going to take my stuff.   then told me the bill had gone up from £890 to £3200.  that's when i got a stay at the court, other than that i havnt had any letters at all   
    • Also, without wishing too much to wake up this discussion once again, the above quote is quite wrong. It would be correct if it said:-       So to summarise, the burden of proof is on the dealer to show that the defect was not there – certainly within the first six months. Furthermore, if there is a defect, than the quality/severity of the defect is relevant. It entitles you to your right to reject within 30 days or your right to reject after a failed repair during six months. Only after six months do the normal common law rules of contract come in play. But even then, it is not a question of proving or disproving a defect. It is simply a question of showing that you have not had satisfactory service/quality from the item for a reasonably expected period of time. I would certainly agree that these are very heavy burdens/responsibilities for any dealer. But this is what consumer-facing legislation is all about. It's all about consumer protection and the reason for it is that if you place the burden upon the dealer then it creates a huge incentive upon the dealer to be careful or if the dealer has to source his goods from a manufacturer then it puts pressure on the dealer to put pressure on the manufacturer to make sure that goods are of a sufficient quality. As far as I'm concerned, this is good social planning – and we all benefit – including the car dealer when that car dealer goes off to buy other things such as computers, telephones, music systems, televisions, and even their own vehicle. It encourages quality control at source – and this is highly desirable and is only achievable by having this kind of consumer legislation.
  • Our picks

    • This is a bit of a lengthy one but I’ll summerise best as possible.
       
      THIS IS HOW THE PHONECALL WENT 
       
      I was contacted by future comms by phone, they stated that they could beat any phone contract I have , (I am a limited company but just myself that needs a business phone and I am the only worker) 
      I told future comms my deal, £110 per month with a phone and a virtual landline, they confirmed that they could beat that, £90 per month with a phone , virtual landline  they also confirmed they would pay Vodafone (previous provider) the termination fee. As I am in business, naturally I was open to making a deal. So we proceeded. 
      Future comms then revealed that the contract would be with PLAN.COM and the airtime would be provided by 02, I instantly told them that this would break the deal as I have poor 02 signal in the house where I live as my partner is on 02 and constantly complaining about bad signal
      the salesman assured me he would send a signal booster box out with the phone so I would have perfect signal.
      so far so good.....
      i then explained this is the only mobile phone I use for business and pleasure, so therefore I didn’t want any disconnection time in the slightest between the switchover from Vodafone to 02
      the salesman then confirmed that the existing phone would only be disconnected once the new phone was switched on.
      so far so good....
      • 14 replies
    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
        • Like
      • 0 replies
    • 30 Day Right To Reject - Vehicle Casualty Report. Read more at https://www.consumeractiongroup.co.uk/topic/415585-30-day-right-to-reject-vehicle-casualty-report/
      • 57 replies
×
×
  • Create New...