Uk Debts

Goldie · by **Goldie** » 08 Jun 2009, 11:42

A friend is considering emmigrating to Australia form the UK, whilst abandoning her debts.?

She has friends that have moved out to Australia and done similar things - with no consequences. I have no knowledge on this topic and am worried that she would eventually be deported back to the UK.

I'm guessing that financial institutions would wnat their money, but may find it hard to track her down.and of course we know taht the debt is cleared after 7 years.

I woudl appreciate some balanced advice - I woudl like to give her both sides of teh arguement

thanks all

Lavone · by **Lavone** » 08 Jun 2009, 11:42

Debt is not cleared after 7 years. An upaid account is always owed.

What is cleared is a bad credit rating. But the company can always re-instate that bad rating with an invoice to the person concerned asking for the money back. The minute they do that, the unpaid bill goes back on your credit rating.

It just depends on how determined the company is to get their money back. If they want their investigators to keep pursuing it, they will notice when your friend comes back to the UK and opens a bank account, or applies for a credit card. Even if it is 30 years later.

As for deportation from Aussie, unless she owes millions, no one is going to chase her that far.

.

Lilliana · by **Lilliana** » 08 Jun 2009, 11:42

I have been threatened with legal action for South African debts. Unemployed in UK - what are my rights?

Kasey · by **Kasey** » 08 Jun 2009, 11:42

Hey, I'm from SA too but think you should pay your debts when you get a job. But see a legal professional to help you in the meantime (if you can pay him off course, maybe they have something like legal aid in UK, if u can access that, great) Good luck!!!!

Denis · by **Denis** » 08 Jun 2009, 11:42

Meaning how many years do they have to collect on a debt before it is legally considered defunct. Meaning how many years do they have to collect on a debt before it is legally considered defunct.

Kathern · by **Kathern** » 08 Jun 2009, 11:42

You must always be careful with credit cards, car loans, mortgages and debt consolidation. Persoanlly, I was in debt of over $100,000 at one point in time, roughly 4 years ago. I am proud to say I am now DEBT FREE. It is very confusing on what to pay first how to chop down your debt, but there is a lot of good content out there to help. I have also started my own blog to help people out by talking about what I think is important. Check it out sometime!

http://credit-and-loans.blogspot.com/

Cordell · by **Cordell** » 08 Jun 2009, 11:42

Can American Express Chase People Who move out of the uk thats in debt in the uk to spain or america?

Surly if they don'nt know which country you have moved to it can'nt be easy for them to track people down also i think the cost of overseas agents would be fairly expensive!

Kathern · by **Kathern** » 08 Jun 2009, 11:42

I'm tired of answering this question. Either the same guy in England has asked this about 50 times in the last week or there are a whole bunch of Brits about to bolt for Spain leaving all their credit card debt behind.

But once again, yes, they can find you. If you only owe them 100 Euros or something, they probably won't bother but if you owe them 100,000, they'll probably do their damnedest to haunt you for the rest of your life.

Kacey · by **Kacey** » 08 Jun 2009, 11:42

I have debts in uk and ccj's how do i go about fixing things

I left uk five years ago although i still have a house there. i need to rent it out as i have a mortgage on it so i have put it with an agent. i want to clear my debt as i am fed up with all the letters and now that i might have a tenant i can't have them calling at the door. i received a letter that said something about the land register or something attached to an agencies letter. also i have ccjs due to owing for a credit card. i think i owe about five thousand pounds

Dodie · by **Dodie** » 08 Jun 2009, 11:42

Try the citizen's advice bureau for confidential impartial advice
very best of luck

Uk Debts

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