Erudio chasing pre 98 loans in Italy

[Madrea]

Erudio took over my SLC pre 98 loans last year

and despite claiming conditions would not change, they did.

 

 

I did not complete their form as it requested info they weren't entitled to.

 

 

I sent a covering letter and proof of income being below the threshold.

 

I heard no news about deferral until a letter arrived to say their form wasn't in line with the consumer credit act,

that my account had been frozen, to be rest assured no charges would be accrued, and that they were working to find a solution.

 

3 months later two letters arrive to say I'm in arrears and requesting a payment of over £1000!!!

 

The whole matter is quite distressing and no matter how hard i try to shrug it off, it's a constant worry.

 

 

I'm tempted to bury my head in the sand for 5 years in the hope of getting it statute barred.

 

 

Negotiating with them has thus far only brought me more grief and achieved nothing.

 

Are they likely to take me to court? Legal proceedings in Italy take a minimum of 7 years....

Edited January 2, 2015 by Madrea

[Madrea]

Erudio took over my SLC pre 98 loans last year and despite claiming conditions would not change, they did. I did not complete their form as it requested info they weren't entitled to. I sent a covering letter and proof of income being below the threshold.

 

I heard no news about deferral until a letter arrived to say their form wasn't in line with the consumer credit act, that my account had been frozen, to be rest assured no charges would be accrued, and that they were working to find a solution.

 

3 months later two letters arrive to say I'm in arrears and requesting a payment of over £1000!!!

 

The whole matter is quite distressing and no matter how hard i try to shrug it off, it's a constant worry. I'm tempted to bury my head in the sand for 5 years in the hope of getting it statute barred. Negotiating with them has thus far only brought me more grief and achieved nothing.

 

Are they likely to take me to court? Legal proceedings in Italy take a minimum of 7 years....

[leonmassey]

Erudio sent me the very same letters and admitted that they couldn't provide me with an upto date balance so froze the account.

 

 

I got arrears letters also and sent them a equally snotty email back.

 

 

They apologised and everything went back to normal.

 

 

You must remember erudio are a debt collection agency first

 

 

and as such treat the student loans with the same contempt as outstanding debts.

[renegadeimp]

Erudio are just a DCA. Dont worry too much about it. They can only do something IF you have given in and signed THEIR version of the agreement which allows them to do whatever they like. Just send a copy of the original agreement back to them with your current situation, and they have to accept it.

[dx100uk]

numerous posts from various threads merged to here.

 

 

you are abroad?

are you coming back ever?

 

 

if not...urm...I know what I'd be doing!!

 

 

dx

 

 

 

 

dx

[Madrea]

Yeah, I've been abroad for 13 years and am unlikely to come back. Even so, I was wondering if anyone knows whether it's likely they'd take legal action. My gut instinct is telling me to ignore them from now on.

[renegadeimp]

Nope. They wont. Especially if you dont come back to the UK. However, sinc its a low rate DCA, theyll still try and harass you regardless of the facts.

[Madrea]

Thanks renegadeimp, I have noticed their underhand tactics, they're certainly good at scaring / harassing / totally stressing people out!

[renegadeimp]

Thats why they are still in business. People cave in because they dont know their rights and dont know that a DCA has very few rights, if at all. Then there are those that simply cant be bothered checking things out so they pay up without question.