Erudio any evidence they are tryin g to revive written off loans

[brassnecked]

Where a loan has been written off by Thesis, is there any evidence that Erudio are trying to revive and collect on them.?

 

Had a letter from SLC saying my loans which were with Thesis, and have been written off six months ago are now with Erudio, Or is it likely as I think SLC have fecked up?

 

Thoughts.

[dx100uk]

they might have been written of the SLC book

but sold to arrows [rodeos]

 

 

they did the same when they sold them off to LInk [thesis]

[brassnecked]

they might have been written of the SLC book

but sold to arrows [rodeos]

 

 

they did the same when they sold them off to LInk [thesis]

 

So Erudio might try collecting on them. Will have to watch out for any of those shenanigans by erudio, and keep the write off letter from Thesis safe.

 

To the tune of Ss ss Sudio: We want you to pay your written off loans, were Err Ru rudio!

[dx100uk]

to date we';ve not seen it.

 

 

dx

[brassnecked]

to date we';ve not seen it.

 

 

dx

 

Will post back if they do try it on.

[brassnecked]

Is there any way a written off Student loan can be revived or collection re-attempted?

 

Thesis had my loans, but there was one I cannot track, my loans all my pre 1998 were written off this year, by Thesis and Stink Financial but it seems Escrudio are looking to revive the last one from 1997 which Thesis say they never had. I have a confirmation of write off of all loans held by Thesis/Stink, as I am past the time/age threshold for write off.

[dx100uk]

they will try yes

 

but not get anywhere

 

what you need to be aware of is thesis [which 'was' Link]

is infact behind the Erudio stuff too same people involved

as them [theres a post here on it, rodeo brought some of the thesis portfolio from link]

and some of the staff.

 

thesis 'became' arrows became erudio

[brassnecked]

Thanks DX, as the last one never surfaced, as it wasn't activated for payment being last in the queue. My feeling is Escrudio will claim it is payable as it was still in the queue when the others were written off. I will see them in court if they are silly, as a write off is just that, and all loans held have to be written off when time bars and ages are attained.

[WindySock]

Erudio were never Thesis or Arrow.

 

In fact all the loans that went to Erudio were ones that SLC themselves had kept until end of 2013. None of them had previously been sold.

 

Think dx100uk is thinking of Honours Student loans that have some of the same people and companies via the Wilmington trust involved as Erudio do. Even then, Erudio only has SLC loans that were never sold to anyone else before SLC got rid of them.

 

Age write off is conditional on you not being behind in payments on the loan. If you are, including unpaid arrears if you failed to defer at any point in the past, then it can be legitimately refused.

[brassnecked]

No in my case no arrears, deferrals done when income below threshold and write off confirmed by Thesis.

[Guest]

hi brassnecked

re write off - for pre 98 loans, is it 25 years or age 50 whichever comes first?

[WindySock]

Yes, unless you were 40 or over when you took out your final loan. Then it would be age 60 instead.

 

12. The lender will cancel the borrower’s liability to repay the loan if the borrower—

 

(a)dies,

 

(b)is not behind on any repayments under any agreement for a student loan and—

 

(i) was under the age of 40 when his last agreement for a student loan was made and he reaches the age of 50[/u] or when the last agreement for a student loan has been outstanding for not less than 25 years, whichever is the sooner, or

 

(ii) was aged 40 or older when his last agreement for a student loan was made and he reaches the age of 60, or

 

©if the borrower can show the lender that he gets a disability related benefit and because of his disability is permanently unfit for work.

[brassnecked]

It was Pre 98 yes.

[Guest]

Yes, unless you were 40 or over when you took out your final loan. Then it would be age 60 instead.

 

12. The lender will cancel the borrower’s liability to repay the loan if the borrower—

 

(a)dies,

 

(b)is not behind on any repayments under any agreement for a student loan and—

 

(i) was under the age of 40 when his last agreement for a student loan was made and he reaches the age of 50[/u] or when the last agreement for a student loan has been outstanding for not less than 25 years, whichever is the sooner, or

 

(ii) was aged 40 or older when his last agreement for a student loan was made and he reaches the age of 60, or

 

©if the borrower can show the lender that he gets a disability related benefit and because of his disability is permanently unfit for work.

 

cheers windy. what is the regs for that you quote.

 

i note it says from 'the last agreement'. what wld be the situ where several pre 98 's are 'amalgamated' and then 'sold' on as one under the first loan a/c number of those? Q is re my thread here http://www.consumeractiongroup.co.uk/forum/showthread.php?446982-Stude-Loans-pre-98-what-the-age-write-off-rule-please%281-Viewing%29-nbsp

 

(soz to hijack yr thread abit brassnecked )

[WindySock]

Regs are the last set from those old style loans. http://www.legislation.gov.uk/uksi/1998/211/made Previous ones were repealed and those set as a replacement to apply to all the old loans. They still stand and are in force.

 

Consolidating them for admin purposes does not actually change the fact that they are still legally separate loans. Nor would it matter if it did, as it would not change the fact of when your last loan was made. That is a fact at that point in time, and cannot change.

 

BIS have stated to someone else in writing that the "was made" date is when the first instalment of your last loan was paid to you. https://www.dropbox.com/s/g4hy0besp1jh12o/BIS%20Response%20Loan%20Cancellation%20200115.rtf?dl=0