Drydens PAP letter of claim - old SLC Loan now with erudio

[ken gunnel]

I like many others objected to Erudio's new terms and conditions that I had to accept if I wanted to defer my student loan.

 

before the deadline I used the template letter and sent in my proof of earnings, but they just ignored me.

 

I sent it in again with another letter, and a note to say I didn't like being ignored.

 

They just ignored me.

 

Then they sent a default notice, giving me X number of days to contact them, the start date of these days was about a week before they posted it.

 

I wrote them another letter disputing the default and objecting to their inability to post letters on time.

 

Now they have terminated the loan and demand full payment in 7 days, yet again sent late.

 

Any ideas of how to deal with what appears to be a best slack, at worst criminal company?

[dx100uk]

lots of threads here on them

this appears to be their new tactic

did you send a deferment form [the old SLC version

or just a letter

that dhould suffice ok.

 

 

has this appeared on your credit file yet?

[ken gunnel]

I sent in a letter, I would have liked to have used the form, but it appeared that I was signing away my rights if I did.

[dx100uk]

no not their arrows form

a copy of the old SLC deferment form

its on here somewhere

 

 

incidentally arrows were told to remove that from their forms by the authorities

[ken gunnel]

They moved all the t&cs onto their website, to use their form I'd have had to consent to dynamic terms and conditions.

I was quite happy with the original terms and conditions that I signed up to, I assume they'll try to take me to court for the full amount now?

[dx100uk]

doubt it

they've not done that yet to anyone.

 

theres no hard and fast rules that you must use any form to defer

theirs or the old SLC one.

 

has this come up on your cra file yet?

[ken gunnel]

They must have a game plan, why else refuse to defer people?

 

I sent everything recorded, so I can prove to a court that I've kept up with my obligations, but Erudio just ignored me.

 

Pretty slack, or obtaining money by deception?

[ken gunnel]

I've not checked my file, I Dont really want to as it seems like a way of the blacklists just harvesting more of my personal information.

[dx100uk]

old and wives tales...

go check it

[AndyOrch]

May be of interest....

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?432309-Erudio-chronology-of-correspondence&highlight=SLC+deferment+form

[ken gunnel]

Year before I used a solicitor to force them to defer my loan - my contractural right after all.

 

This time I decided to just send the letters myself - I don't see why I should have to pony up £700 solicitors fees every year just because some chancers working out of a tax haven want to earn easy money.

 

When solicitor was on the case plenty of response, but they've ignored me, which won't look good in court I'd have thought?

[dx100uk]

May be of interest....

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?432309-Erudio-chronology-of-correspondence&highlight=SLC+deferment+form

 

 

I've made that one a stickie now

keep forgetting it!!

 

 

dx

[AndyOrch]

I've made that one a stickie now

keep forgetting it!!

 

 

dx

 

Good move

[ken gunnel]

Today I get 4 letters from Erudio, 4 x arrears notices?

 

But the last letter was the termination notice?

[dx100uk]

Seems to be their current ploy

[ken gunnel]

But I can't be in arrears if i've been terminated??

 

I feel like the whole plan is to mess everyone around and then scare them in to paying.

 

I guess I should reply to their latest letters pointing out that I have twice sent them proof of earnings?

 

But when I do write they just ignore me.

 

We need proper financial regulation in this country.

[dx100uk]

 

I feel like the whole plan is to mess everyone around and then scare them in to paying.

 

.

 

 

that is the primary idea of every DCA from day one on any debt they buy.

 

 

you are learning.

 

 

dx

[ken gunnel]

I suppose sooner or later they'll try to take me to court, that's if the loans are actually enforceable?

 

We've all been missold over these,

the promise that having one would not effect your credit or access to other financial products,

and that they were a special sort of loan from the government,

not from a loan shark working out of a tax haven and that if you did not earn enough,

you'd not have to pay, all lies.

[dx100uk]

well no in certain things

 

 

the original SLC T&C's allowed them to report to the CRA files if you got into arrears

though they didn't actually do that

 

 

its like all debts sold on

there enough in the T&C's and the agreement for it to be worth buy buyers investing money buying the portfilios

 

 

that's why arrows set up this erudio company etc etc.

 

 

if if if they ever do anything with them

is another kettle of fish.

 

 

10'000's will pay regardless and simply and

blindly accept that they've got the wrong idea

[that a DCA had magic powers and are bailiffs

and can come and take their pet budgie and their kids to into care

at the drop of hat.

 

 

a very small % find sites like cag

and fight and question everything.

 

 

it will be years down the line

to if arrows actually 'do' anything court wise

 

 

there have been a few rumours and supposed cases

those have never been proved true.

 

 

dx

[ken gunnel]

Someone won - albeit because Erudio didn't respond, a couple of weeks ago, and Anthony Reeves has had some success last year, so Erudio are far from unbeatable.

[dx100uk]

ifyou want

post the links here to those two

 

 

you might have to convert the links to tinyurl and paste them here for them to work.

[ken gunnel]

From another forum:

 

"The saga over Erudio's (and the mysterious 'Erudio Customer Management Ltd') FCA authorisation continues. Their interim permission with the FCA has now lapsed, so they're no longer authorised and are acting illegally if they continue conducting regulated business (put Erudio in search box here):

 

http://fca-consumer-credit-interim.force.com/CS_RegisterSearchPageNew"

 

So if Erudio are no longer FCA authorised, can they continue to run the loans?

[dx100uk]

erudio are arrow global

so are covered by the group authorisation.

 

 

dx

[ken gunnel]

But on their website it says:

 

"Erudio Student Loans Limited is authorised and regulated by the Financial Conduct Authority for certain credit-related regulated activities. It is registered on the Financial Services Register under registration number 659653"

 

Does having a shareholder with FCA authorisation allow Erudio not to bother?

[ken gunnel]

"Arrow Global Group PLC (the "Group"), one of Europe's leading purchasers and managers of debt, is pleased to announce that its wholly owned subsidiaries Arrow Global Limited, Arrow Global Legh Limited, Arrow Global Massey Limited, and Capquest Debt Recovery Limited have received their full Financial Conduct Authority (the "FCA") authorisation." (http://www.arrowglobalir.net/news/rns/id/657)

 

No mention of Erudio??