Hi everyone.
It’s been 25 years since I took out my first two student loans (one in March 93 another in Dec 93). I took out a third student loan in Nov 94. So effectively the 25 year mark has passed for the first one and is almost there for the next two.
I have always been in deferment of these loans and am in deferment currently.
I received letter from Erudio almost three weeks ago while I was away visiting my mother so have just opened it. It offered me the opportunity to pay off just half the loan amount and they would write off the other half. There was a very short deadline and this has now passed (I couldn’t have paid it anyway).
I have now had a letter from them telling me that “unless you are in deferment you need to pay back £97 each month...”
I called citizens advice and they advised me that Erudio cannot ask for monies back after 25 years and effectively I can ignore these letters. Can this possibly be correct?
She asked if I have ever paid them monies and I said I haven’t apart from one occasion when they claimed they hadn’t received my deferment papers (which I had definitely sent) and demanded a payment in order to cover the time frame between one deferment period and the next.
Any advice would be be appreciated.
Thanks!