@Ibreakwindinerudiosdirection
i agree with you, that reference to previous experience on their website clinched it for me as well.
It is rather amazing none of the reporting press mentioned anything other than what the government press release clearly announced about Erudio which was, as taken from the guardian:
A consortium called Erudio Student Loans led by the investment fund manager CarVal bought the remaining book of mortgage style loans which were taken out by around 250,000 students between 1990 and 1998. most mention Arrow Global though.
The one different one i found was from Harriet Dennys at the Telegraph on Fri, Nov 29, 2013 (maybe we need to contact her):
*Will Erudio Student Loans represent the best value for the tax payer, as the Department for Business, Innovation & Skills claimed when it sold the company £160m of student debt last week?
Erudio is the joint venture set up by CarVal Investors and Arrow Global (Frankfurt: A0W.F - news) , the debt management specialist, to manage that loan book.
What has been kept quiet, however, is that Erudio’s trustee is the London arm of Wilmington Trust, the Delaware-based bank that is being investigated by the US Department of Justice in relation to “issues” that arose before the lender was rescued from collapse with a $351m (£214m) bailout from M&T Bank in May 2011.
No doubt the BIS conducted its due diligence in the “competitive” bidding process.
But might Wilmington, which provides London office space for Erudio and has installed its UK director, Mark Filer, on Erudio’s board, rethink its “company policy” of not speaking to the press when it takes control of the public debt early next year? *
The answer to that at the end is clearly no...maybe thats because they have virtually nothing to do with it after contracting out the actual shitty work because Arrow Global has been answering question to the BBC and who also made the wheels turn to actually pay the cash back to the reported person after the Independent contacted them.
I am sure Erudio does not exist but as a dodgy entity...maybe you are right, as a shell company. It is like we are barking at the wrong place. They have created this entity, Erudio, through which they can unleash the full extent of the law, but when we want to interact, we end up with Capita and no contact info for Erudio through which to discuss the slightest of complaints. Everything is handled by another company that only you thus far have outed. Maybe we need to ask on our next phone calls if we are talking to Erudio or Capita. Our loans were sold onto Erudio after all, so if they have passed on the sensitive deferment work to Capita, that must be a breach in some conditions...and at the very least should outrage everyone, including the government.
If you have an independent look (i used the overseas phone number at Erudio and Capita's address) and see if you verify my assumption that Capita very much seems to be working for Erudio for all intents and purposes, i will contact a few people. That is definitely breaking news and leads to a few very significant questions needing to be answered.