{"id":21378,"date":"2014-07-03T20:25:44","date_gmt":"2014-07-03T13:25:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-debt-collection-letters-lead-to-calls-for-compensation\/"},"modified":"2016-07-30T04:18:55","modified_gmt":"2016-07-29T21:18:55","slug":"student-loans-company-debt-collection-letters-lead-to-calls-for-compensation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-debt-collection-letters-lead-to-calls-for-compensation\/","title":{"rendered":"Student Loans Company debt collection letters lead to calls for compensation"},"content":{"rendered":"


\nBusiness secretary to meet agency about tactics in which more than 300,000 graduates sent misleading ‘Wonga-style’ lettersThe Student Loans Company is facing calls to compensate more than 300,000 graduates sent misleading “Wonga-style” debt collection letters, as it emerged that the business secretary, Vince Cable, is to meet the agency to question its tactics.The letters, sent between 2005 and June of this year, purported to be from Smith Lawson and Company Recovery Services, acting on behalf of their government “client”. In fact, the firm was merely a subsidiary of the Student Loans Company, which was only revealed in tiny print at the bottom of the letters. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Student Loans Company debt collection letters lead to calls for compensation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business secretary to meet agency about tactics in which more than 300,000 graduates sent misleading...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21378","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5yO","jetpack-related-posts":[{"id":25397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/short-term-loan-history-from-workhouse-to-wonga-shows-things-are-getting-worse-letters\/","url_meta":{"origin":21378,"position":0},"title":"Short-term loan history, from workhouse to Wonga, shows things are getting worse | Letters","date":"September 8, 2016","format":false,"excerpt":"\r In 1797 Patrick Colquhoun was worried about pawnbrokers. Colquhoun, a Glaswegian merchant and magistrate, had co-founded a soup kitchen in London that aimed to \u201calleviate distress\u201d among working families. Colquhoun believed that the provision of nutritious and healthy soups would not simply assuage immediate hunger. He hoped it would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-firm-erudio-leaves-graduates-fuming-over-latest-error\/","url_meta":{"origin":21378,"position":1},"title":"Student loans firm Erudio leaves graduates fuming over latest error","date":"April 8, 2016","format":false,"excerpt":"\r Private company that took over 250,000 student loans fails to send deferral forms and then demands early paymentsThe private company that took over 250,000 loans from the Student Loan Company has left graduates in turmoil after it wrongly sent letters demanding early repayments.Every year graduates with older-style student loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/archbishops-criticism-of-payday-loans-causes-reform-of-industry\/","url_meta":{"origin":21378,"position":2},"title":"Archbishop's criticism of payday loans causes reform of industry?","date":"September 21, 2016","format":false,"excerpt":"\r Justin Welby, the archbishop of Canterbury, expressed his displeasure with companies including Wonga in 2013. A lot has since changed \u2013 though not everythingIn 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wonga-escapes-criminal-investigation-over-faked-legal-letters\/","url_meta":{"origin":21378,"position":3},"title":"Wonga escapes criminal investigation over faked legal letters","date":"February 5, 2015","format":false,"excerpt":"\r Payday lender sent demands to borrowers in the name of fabricated law firms, but City of London Police finds no groundsPolice have ruled out a criminal investigation into Wonga over the payday loan firm\u2019s use of fake legal letters to chase\u00a0debts.Wonga was fined \u00a32.6m last June by the City\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-wongas-predatory-student-loans-offer\/","url_meta":{"origin":21378,"position":4},"title":"Warning over Wonga's 'predatory' student loans offer","date":"January 12, 2012","format":false,"excerpt":"\r Consumer Credit Counselling Service and NUS voice concerns as payday loans company aims to attract students to its 4,214% APR lending serviceLoan company Wonga has been accused of being \"cynical\" and \"predatory\" after suggesting students take out high cost short-term loans to buy plane tickets to the Canary Islands.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wonga-2-0-meet-the-new-breed-of-payday-lenders\/","url_meta":{"origin":21378,"position":5},"title":"Wonga 2.0? Meet the new breed\u00a0of payday lenders","date":"April 14, 2018","format":false,"excerpt":"\r A new wave of credit firms is offering \u2018medium-term\u2019 loans at hefty APRs of up\u00a0to 1,421% The worst of the payday lenders, famed for offering short-term loans at sky-high interest rates, may have faded away, but vulnerable consumers are still being targeted with offers of loans with four-figure APRs.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21378"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21378"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}