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About: Erudio Student Loans     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServicesCompaniesOfTheUnitedKingdom, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:SocialGroup107950920yago:WikicatFinancialServicesCompaniesOfTheUnitedKingdom New Facet based on Instances of this Class

Erudio Student Loans is a consortium formed by debt collectors Arrow Global and private equity firm CarVal Investors in 2013. The firm was the successful bidder in an auction to buy non-performing U.K. student loans in 2013, paying £160m to buy debts of £890m taken out between 1990 and 1998. Of the loans purchased, 46% of the borrowers were earning below the amount at which they were required to make payments, 14% were making payments and 40% were not making any payments.