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    • Name of the Claimant ? Erudio Student Loans Ltd   Date of issue – 9th Jan 2020   Particulars of Claim   What is the claim for – the reason they have issued the claim? 1.The claimant claims £10,100 for monies due from the defendant   2.The debt was pursuant to a regulated agreement(s) between the defendant and The Student Loans Comedy Limited. Each agreement had an individual account number as follows  XXX XXX XXX XXX   3.The defendant failed to make payments as per the terms resulting in the agreements being terminated. Notice of such is served by a Default or Termination Notice subject to the terms of the agreements.   4. The debt was assigned to the claimant on XX/XX/2013, with a notice provided to the Defendant. A new master reference number XXX was also applied upon assignment 5. The claimant has complied with the Pre Action Protocol for Debt claims.   What is the total value of the claim? £10,100  Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? No    Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? Yes, possibly more than once. This claim form has been sent to my home address   Did you inform the claimant of your change of address? No, I have never heard of Erudio before I received this claim form.  I did notify The Student Loans Company Ltd about my address change though. Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Student Loans   When did you enter into the original agreement before or after April 2007 ? Before.   Do you recall how you entered into the agreement...On line /In branch/By post ? I think I signed the forms in person, although it would have been about 25 years ago so I can't be positive.   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? No   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. It says that the debt was assigned.   Were you aware the account had been assigned – did you receive a Notice of Assignment? No, I have never received any notice of assignment   Did you receive a Default Notice from the original creditor? Not to my knowledge   Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? Not that I remember   Why did you cease payments? I always returned Deferrment notices to The Student Loans Company as I never earned enough to have to start repaying these loans. I still haven't. But the SLC stopped sending deferment notices to me, and in fact stopped sending anything to me. I don't know when the last time I had any communication from them.   What was the date of your last payment? I've never paid     Was there a dispute with the original creditor that remains unresolved? Not to my knowledge    Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No I did not   This is for a huge amount of money, and I've never heard of Erudio before I received this. I do sometimes have problems with my post at my home address.  I really appreciate all help that anyone can give with this. My ideal outcome on this would be that they drop the court action and I send them Deferment notices for the future.
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Surfer01

Irresponsible lending by Firstplus

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To cut a long story short.

 

In Nov 2004 we took a consolidated loan for £53,000 with Firstplus over a period of 15 years

as at the time I was fit, working and aged 55 years. Wife was 52 years old. Repayments were about £600 per month.

 

This meant the loan would finish in 2019.

 

We have paid off the majority of the loan as we had to sell up,

but there is still £4000 outstanding which is being paid off at £70 per month and will run until 2019.

 

However both the wife and myself would have been "officially" retiring on state pension next year,

however at moment due to disabilities we are on Pension Credit and the £70 payment is a PITA.

 

If we were fit and well and retired in 2014 as originally planned,

surely FP should have been aware of this when they offered us the loan

and would have known that there is no way we would have been able to afford paying

in nearly £600 per month out of a state pension payments?

 

Could this be regarded as irresponsible lending and

 

is there anything we could do as we have more than paid back the debt as it is only interest we are paying?

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Hi,my guess is that the terms/conditions of this loan would be that the signatories had to be under retirement age at the inception of the loan.


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Hi,my guess is that the terms/conditions of this loan would be that the signatories had to be under retirement age at the inception of the loan.

 

Thanks. It seems that with many loan applications, if you are aged between 60 and 65 and the loan term runs into your "retirement" age, the loan will not be granted. We have excellent credit history, but cannot get a loan to pay off the debt earlier. The £70 is a PITA however we would rather pay £130 off the account over 3 years to get rid of it.

We tried doing this with FP, but after a couple of months they send you a cheque for the additional that you have paid in! We were hoping that irresponsible lending could help us clear the debt without paying in anything more.

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