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Erudio - 'Arrears' Help


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Just read through the thread. The message I think some where trying to get across is this:

 

Once a debt is in the hands of a DCA it is a new beginning, forget ALL that went on with the original lender

- DCAs are a completely different ball game.

When has a DCA EVER gone to court?

 

do not act like you did with the SLC.

I personally would forget deferment completely now

- it's essentially meaningless in the hands of a DCA

and they will play more and more games to get you into arrears to start the harassment.

 

 

Trying to constantly dodge going into arrears I bet will be MORE stressful than purposefully allowing them to put you in arrears.

Both are forms of harassment why bother jumping through their hoops?

 

They can only act like a DCA fully once you start signing their own drafts of agreements

and therefore move away from their obligations regarding the old SLC agreement

should they even be able to prove that you signed it.

 

By signing you are also of course agreeing that you owe this NEW company the full amount

- that's not necessarily the case because they only paid 18% the loan value.

 

In my view,

signing the agreement is comparable to a confidence trickster trying to persuade you to hand over some money

- you can be cautious and ask for certain re-assurances and promises

but just continuing the correspondence is leading you down a path of being conned a some point.

 

That said,

I broke communications with SLC about 10 years ago because of the bureaucracy of the deferment system itself

- I wasn't going to subject myself to that stress,

remembering to defer,

fighting to defer,

jumping through hoops for my right to defer.

 

 

I've since had 10 years and counting stress free regarding student loans (I wouldn't be earning enough to pay back anyway).

 

 

Well that is until Erudio bought the loan book but I guess it will remain stress free other than having to read up anew just in case.

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Just read through the thread. The message I think some where trying to get across is this:

 

Once a debt is in the hands of a DCA it is a new beginning, forget ALL that went on with the original lender

- DCAs are a completely different ball game.

***When has a DCA EVER gone to court? ****** EVERY DAY MORE COURT CASES BROUGHT BY DCAs.

 

do not act like you did with the SLC.

I personally would forget deferment completely now

- it's essentially meaningless in the hands of a DCA

and they will play more and more games to get you into arrears to start the harassment.

 

 

Trying to constantly dodge going into arrears I bet will be MORE stressful than purposefully allowing them to put you in arrears.

Both are forms of harassment why bother jumping through their hoops?

 

They can only act like a DCA fully once you start signing their own drafts of agreements

and therefore move away from their obligations regarding the old SLC agreement

should they even be able to prove that you signed it.

 

By signing you are also of course agreeing that you owe this NEW company the full amount

- that's not necessarily the case because they only paid 18% the loan value.

 

In my view,

signing the agreement is comparable to a confidence trickster trying to persuade you to hand over some money

- you can be cautious and ask for certain re-assurances and promises

but just continuing the correspondence is leading you down a path of being conned a some point.

 

That said,

I broke communications with SLC about 10 years ago because of the bureaucracy of the deferment system itself

- I wasn't going to subject myself to that stress,

remembering to defer,

fighting to defer,

jumping through hoops for my right to defer.

 

 

I've since had 10 years and counting stress free regarding student loans (I wouldn't be earning enough to pay back anyway).

 

 

Well that is until Erudio bought the loan book but I guess it will remain stress free other than having to read up anew just in case.

 

 

DCAs are at present very litigious.

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but not ex SLC debts own by rodeo.

 

 

there have been NO court cases so far

 

 

I don't think there ever will be

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... 

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  • 3 weeks later...

Interesting post about the ombudsmans responce. I've heard nothing back yet, hopefully soon tho. My loans can't be reported btw, so maybe a bit different from your situation Pluthero.

 

As means of a quick update, I did eventually sign their form, but no dd or anything else required, and FPN was very clearly scored out and scrawled all over.

 

I've been deferred, but further embarrassment, paid off outstanding one months arrears. Figured if FOS find with me(hopefully) I'll get it back, if against I'm due it anyway. Horribly I dont have the energy to fight over it anymore, spent about 60 hours on it.

 

Guess thats one of their tactics, make it so difficult and convoluted that its not worth the hassle fighting it. Roll on next deferment...

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scan it up please

 

 

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... 

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Nothing in writing yet, just a verbal to go over things and confirm their stance. I'll get stuff posted once its finalised. To clarify erudio wrote to me months into the dispute saying the new powers of reporting were optional, which is doesn't say anywhere else. Thats whats been found to be unfair and we should of been told this at the outset.

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yes that's std.

 

 

better to keep things in the open unless its and exchange of PERSONAL info.

 

 

please read the warnings below & the site rules

 

 

dx

 

 

 

 

NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone

- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.

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... 

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  • 2 months later...

nope no post since 16th oct

 

 

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... 

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Odd - got a notification on Jan 2nd:

 

Madrea has just replied to a thread you have subscribed to entitled - Erudio - 'Arrears' Help - in the Student loans/SLC forum of The Consumer Forums.

 

You can read the thread and reply to it at:

http://www.consumeractiongroup.co.uk/forum/showthread.php?t=429803&goto=newpost

 

To reply, please click the link above. DO NOT REPLY TO THIS EMAIL

 

Here is the message that has just been posted:

***************

I sent a template letter together with proof of my earnings by registered post. I did not sign and return their form. In September I got a letter to say my account had been frozen because there were done issues with their form which they were working to resolve. Apparently, they would not charge interest until theses issues were resolved. Great, I thought.

 

Got two letters to say I'm in arrears by more than 1000! I'm not! I can't be! Harassment! Stress! Omg.

 

Why should I have to fight them? Court?! Ombudsmen?! Etc it's just more stress. I also live abroad which just complicates everything. In my opinion, playing by the rules is what's got me in this mess up to my neck. Erudio are using underhand tactics and I doubt they even have the original agreement. Let them take me to court if they do, I'm not wasting any more tears on this.

***************

 

 

There may be other replies also, but you will not receive any more notifications until you visit the forum again..

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someone obv posted in the thread that now has their own thread running

 

 

post was moved

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... 

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  • 2 weeks later...

you need to start a thread of your own pleth.

 

 

this is a somewhat important letter and it needs publicising.

 

 

once you have a thread

I might endeavour to workout what posts and relevant replies belong there.

that are scattered everywhere!

 

 

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... 

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no go read elsewhere

you'll see the rodeo have been told and ARE changing the DAF to be less intrusive

 

 

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... 

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