Advice on Loan Deferment Confusion!

[canuck72]

I am hoping someone here would be able to offer some insight on my loan deferral before I tear my hair out!

 

I have loans from 97/98/99 - originally they were partly sold off to Thesis and then later to Erudio.

 

I have deferred payments every year based on my income.

For the past 2 years, I have submitted my deferment application to Erudio via email

(I live in Canada and never receive paper correspondence on time

- did not want to risk missing the deadline for deferment).

 

I followed the same procedure this year as my deferment is due at the end of March.

I received an email back from Erudio informing me that they could not process the application for deferment

as this was a shared loan account and needed to be processed via SLC.

I have no idea what this means.

 

I called SLC and the rep I spoke with also did not know why I was referred to them

- she informed me that SLC had no account information for me

and that I needed to contact whomever the loan had been sold to

(Erudio, I presume....or maybe still Thesis?)

 

I am now totally confused -

who should I be submitting the application for deferment to,

and how do I know who actually owns my loan accounts?

 

Anyone have any suggestions?

 

Thanks in advance!

[dx100uk]

wouldn't trust either of them

 

 

thesis are link DCA

erudio are arrows. DCA

 

 

are you ever coming back?

 

 

dx

[canuck72]

No, not planning on coming back to the UK

- have not lived there since leaving university in 2000!

 

 

However, I would prefer to not get a bad credit rating if I have done nothing wrong!

 

 

For all I know, I could already be in default if,

indeed, part of my loan is owned by another company that I was not aware of

and have never applied for deferment through!

[dx100uk]

credit rating where?

 

 

in most cases they are so old that SLC loans do not show anymore anyway.

 

 

no matter what these fleecers say

 

 

I know what i'd do:madgrin:

[canuck72]

I thought that if I default on the loan and not make payments then it would go against my credit rating - does it not apply to countries outside the UK? My loan must be coming up for cancellation soon....wouldn't want to jeopardise that, either!!!

[dx100uk]

cant effect non uk cra files no never.

 

why not simply fill out a copy of the SLC deferment forum

we have it here somewhere

and send that to slc

 

copied and sent registered post etc

then that will cover you.

you keep proof

 

edit:found it

[canuck72]

Thanks - I am going to do just that. I will cover my bases and send a deferment to Erudio, SLC, AND Thesis. That way none of them can say I didn't apply!

[brassnecked]

Thanks - I am going to do just that. I will cover my bases and send a deferment to Erudio, SLC, AND Thesis. That way none of them can say I didn't apply!

Best option and keep a copy of each form and the date sent, if you can send by a trackable signed for service.

 

It pays to be careful in light of government proposals to criminalise avoidance of Student Loan repayments.

 

http://www.konbini.com/en/lifestyle/student-loan-criminal/

 

Quoted from the above:

 

The government will

 

"Take stronger action to trace borrowers and act to recover money owed where it is clear that they are seeking to avoid repayment.”

This will include “levying of penalties”, tracking down students who have moved out of the UK, referral to credit reference agencies (so credit ratings could ruin chances of getting other loans and mortgages) and ”litigation when appropriate”."