Jump to content


Govt sells old style SLC loans to Erudio one [Arrow global DCA]


BRIGADIER2JCS
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 1813 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Just seen an announcement that the Government is to sell off £900 million of Student Loans to the private sector

for COLLECTION, it will be to the London Stock Market.

 

Worth watching where this leads I think.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

  • Replies 79
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

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

 

Link to post
Share on other sites

Lowell bidding any bets? plenty of funds available!

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

Yes some will be, if there has been no repayment for the relevant period or the student has not provided some form of deferral agreement.

 

This is going to be extremely messy.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Link to post
Share on other sites

Was there not some talk that these debts could not be SB.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

I understood that to be the new style loans?

Not these old ones?

But I could be wrong...again! :razz:

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!

 

 

Link to post
Share on other sites

old ones could be

news ones 'could' be

 

god I hope its not LINK.

 

but I sadly bet it is THESIS.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

I possibly imagine a new DCA coming to light on this one... lol

 

Anyway my money is on either Lowell Group or Hoist Portfolio... Messy.... This is an understatement!

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

Link to post
Share on other sites

After the last sell off I was harrassed for months by Link despite the fact that my loans had been deferred for 3 years as I was disabled AND written off a year before when I hit 50.

 

I'm anticipating more of the same this time around.

RMW

"If you want my parking space, please take my disability" Common car park sign in France.

Link to post
Share on other sites

Have a look at this:http://www.huffingtonpost.co.uk/2013/11/24/student-loans-sell-off_n_4333887.html

 

I wonder what DCA will have this lot? And will they try and force people who are not earning enough for loan repayments to kick in to start repaying no matter what they are earning?

Link to post
Share on other sites

£900 Million possibly otld and 'new' but personally I can't envisage one company or group taking it all on.

 

May be a consortium of the well known dregs of the business might be a possibility.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

Good morning all,

Well brace yourself for an influx of new student /ex student caggers ! . One of many questions what

DCA is big enough to handle this ? Or will it be multiple DCAs ? Why sell this debt off at all ? Why the govt who willingly spy on its citizens and probably know what you had for breakfast who could easily track the errant students down , cannot handle this themselves .Methinks pockets have been filled and palms greased . Intresting times .

Link to post
Share on other sites

My guess is a consortium set up the value is far to high for a single entity to take on.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

£160million 'mortgage' style loans already sold to unnamed buyer.

 

Govt, drawing up plans to sell ALL SL debts.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

Link to post
Share on other sites

Mass fishing exercise imminent

CAG has helped me so much since I joined. Based on what I have learnt from others on here and my own experiences, I try to chip in and help others from time to time. I am not an expert and give my opinion only. Always check with the more experienced CAG members before making important decisions.

:-)

Link to post
Share on other sites

Arrow are 29.1% owned by RBS.

 

I suspect when you work out where the money has come from to buy these debts, that it is come from the same old sources.

 

Murky world out there.

 

Perhaps CAG in preparation for the likely increase in threads about this, should research the exact position on these student loans. Then set up a new folder for student loan debts, with a sticky which details the legal position on these debts, what people should do if they receive a letter etc.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Link to post
Share on other sites

there is already an slc forum

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

threads merged and moved to slc forum

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

Link to post
Share on other sites

I had a loan for the years 1998 to 2001 when I returned to university. Unfortunately due to my disability I had to stop work in 2009 and go onto Pension Credit. I think the balance is about £8000? I am 65 next year so no idea if they try and harass me.

Link to post
Share on other sites

That means Fredrikson & Lowell too would think and Carter as the ''bully boy''.

 

Happy Christmas !!:mad2:

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

Couple of questions as I have a student loan dating to the mid noughties and have never been in receipt of enough earned income to pay anything back yet. I have a disability that limits me to part-time work, minimum wage, and other health conditions:

 

1. Can the DCA change the 'terms & agreement' of your loan?

2. Can they make you repay said loan even though your income, benefits excluded, is below the repayment threshold?

3. Will said loan be written off when you reach fifty, I think, correct me if I am wrong?

4. Can they make you provide proof of income even when at present you do not have to as it is done via HMRC?

 

I wouldn't think that they could do any of the above as it would breach what the student agreed to in order to take out the loan.

 

Any ideas?

 

Sorry all, getting in a panic, this news at present only applies to nineties loans doesn't it :oops:

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...