uk_northeast Posted July 31, 2014 Report Share Posted July 31, 2014 I have been living in Australia for 2 years now with PR before I came out, I can go for citizenship in 2 more years. We have a credit care and loan in the UK before coming which i continued to pay for the first year and half whilst in Australia. I stopped paying them around 3 month ago and just wanted to know where I legally stand if I never paid them again? We will never go back to the UK, (For Personal Reasons) but can they chase me for money here in Oz? We have a car loan which they never looked at any Uk debts, and also when speaking with a morgage advisor they said anything back in the UK is not used in assessing for a morgage here. Your advice would be appreciated Thanks Quote Link to comment Share on other sites More sharing options...
Druid Posted July 31, 2014 Report Share Posted July 31, 2014 No they can't chase you, but you will be blacklisted in the UK for 7 years & have a judgement against you. Quote Link to comment Share on other sites More sharing options...
uk_northeast Posted July 31, 2014 Author Report Share Posted July 31, 2014 Would this 7 years start from the first missed payment? What would the effects be of a CCJ if I was here in Australia without ever going back to the UK? Regards Quote Link to comment Share on other sites More sharing options...
Druid Posted July 31, 2014 Report Share Posted July 31, 2014 It's from the date of the judgement, even here in Oz you are supposed to declare judgements, the question never asks ' Do you have any Judgements against you in Australia' it asks ' Do you have any judgements against you.' It up to you how you want to answer this question, they have no way of checking back in the UK, your credit file is effectively wiped clean when you arrive. Quote Link to comment Share on other sites More sharing options...
uk_northeast Posted July 31, 2014 Author Report Share Posted July 31, 2014 Thanks for the advice Quote Link to comment Share on other sites More sharing options...
jo and scott Posted July 31, 2014 Report Share Posted July 31, 2014 Does this mean I don't have to pay my loan ?? That would be wonderful !! Not that we are not planning to pay it off :-/ Quote Link to comment Share on other sites More sharing options...
Lee Thorp Posted August 1, 2014 Report Share Posted August 1, 2014 Wouldn't the credit card companies chase you up in oz? Especially the world wide ones like barcleycard etc Quote Link to comment Share on other sites More sharing options...
jo and scott Posted August 1, 2014 Report Share Posted August 1, 2014 I'm sure they must be able to get the money somehow. If not, I wonder how many people have got a big loan instead of saving ?? cant be nice feeling like your looking over your shoulder the whole time tho. Quote Link to comment Share on other sites More sharing options...
Druid Posted August 1, 2014 Report Share Posted August 1, 2014 Unfortunately some people are like that, the rental I am living in at the moment, I get letters from RBS, addressed to the previous tenant of course, it's his credit card statement, he's disappeared off somewhere, not left a forwarding address and doesn't use his credit card anymore but the balance is still outstanding, I have been here for 8 months now, the last two letters I paid to have them sent back to the UK with a note that he doesn't live here anymore so sod off & stop sending them, it would have to be a huge amount of money to justify tracking you down and then going through international law to make you pay, in the last recession in the UK, a friend of mine mailed the keys of his house back to the bank, got on a a plane a left the country never to return, he had just gone through a divorce, his house was mortgaged to the point where he over capitalised and on his salary alone could not afford to pay the mortgage, so he just walked away, bank didn't even bother to look for him, the bank just cleared his house out and sold it after about a year Quote Link to comment Share on other sites More sharing options...
flatpack Posted August 1, 2014 Report Share Posted August 1, 2014 If you do your research you will find that they cannot chase you oversee for debt's in the UK. People are conditioned to the point of being brainwashed that you MUST pay the banks back, it's obviously in their interests to keep you thinking that way. I learnt the hard way after chasing a debt through the courts that there is next to nothing that you can do if someone owes you money, except have their name note on a list. (That's all a CCJ is) Make your own mind up whether to fleece the banks or not, but remember this, if you decide to return to the UK then your credit rating will be pretty much Knackered for 6 years. And if anyone thinks it's immoral, just remember that Barclays put ANOTHER £900,000,000.00 aside to repay money the fraudulent took from customers with PPI. They're not the only ones, and PPI is just the start. There are many more investigations going on regarding financial institutions ripping us off. Llyods are being investigated about lying about their credit status so they could borrow money cheaper! Fraud, no other way to describe it. Quote Link to comment Share on other sites More sharing options...
portlaunay Posted August 1, 2014 Report Share Posted August 1, 2014 I read an interesting article about the Occupy Wallstreet activists who bought up $15m USD of debt for $400k and just wrote it off, effectively wiping the slate clean for thousands of Americans in negative equity. A friend of mine back in the UK was around 65k GBP in debt (excluding mortgage), and was offered a job in Dubai. He asked for a settlement figure and the bank wouldn't budge, insisting he'd have to pay the full amount. He stuck his fingers up thinking he'd be safe in the UAE. Three years down the line he had judgements in the UK against him and the job didn't work out. He didn't want to go back to the UK and got a visa to come here. That was five years ago and he's not heard a peep from the banks. I'm in a quandary with this. On the one hand I think it dishonourable but on the other I think some of the practices of the financial institutions are disgraceful, appallingly immoral in some cases and I applaud the little guy getting one over on them. Quote Link to comment Share on other sites More sharing options...
Deb Posted August 1, 2014 Report Share Posted August 1, 2014 I have a contract with my phone and I have to pay it untill April not using the phone but still have to pay it.Friends tell me not to pay it only £ 15 a month.I could not settle I be thinking if I went on holiday they be there at the airport.Mad but thats me. Quote Link to comment Share on other sites More sharing options...
cocolevi Posted August 1, 2014 Report Share Posted August 1, 2014 I have a contract with my phone and I have to pay it untill April not using the phone but still have to pay it.Friends tell me not to pay it only £ 15 a month.I could not settle I be thinking if I went on holiday they be there at the airport.Mad but thats me. im the same I'd worry all the time that they'd be waiting for me imagine if you had to go back for an emergency and having to deal with that as well x Quote Link to comment Share on other sites More sharing options...
flatpack Posted August 1, 2014 Report Share Posted August 1, 2014 The last 3 posts are all exactly what I mentioned. They have us brainwashed! We must pay them back, we must pay them back, we must pay them back! There are pros and cons to not paying them back, things that need to be considered very carefully. But the one thing that should be discarded first and foremost is the notion that you HAVE to pay, you don't, it's a choice. That said, make sure you pay HMRC as they can travel over international borders. Quote Link to comment Share on other sites More sharing options...
Lee Thorp Posted August 1, 2014 Report Share Posted August 1, 2014 What about if you wanted to take out a credit card in Australia,I take it you should go with a bank that you don't owe money to Quote Link to comment Share on other sites More sharing options...
flatpack Posted August 1, 2014 Report Share Posted August 1, 2014 What about if you wanted to take out a credit card in Australia,I take it you should go with a bank that you don't owe money to It makes no difference as they are ultimately 2 different companies. Same umbrella but different companies. There will be no checks made on your UK credit rating, you start at zero. Quote Link to comment Share on other sites More sharing options...
cocolevi Posted August 1, 2014 Report Share Posted August 1, 2014 Is it being brain washed I'd like to think I'm the sort of person who thinks it's right to pay it back, if I borrow something from someone I like to give it straight back once I've finished with it perhaps I'm too nice sometimes Quote Link to comment Share on other sites More sharing options...
Deb Posted August 1, 2014 Report Share Posted August 1, 2014 Snap Quote Link to comment Share on other sites More sharing options...
7cdb Posted August 1, 2014 Report Share Posted August 1, 2014 The last 3 posts are all exactly what I mentioned. They have us brainwashed! We must pay them back, we must pay them back, we must pay them back! There are pros and cons to not paying them back, things that need to be considered very carefully. But the one thing that should be discarded first and foremost is the notion that you HAVE to pay, you don't, it's a choice. That said, make sure you pay HMRC as they can travel over international borders. oh bum I've a £24k corporation tax bill due the HMRC that I would have happily left with them! Just have to to leg it all the house money instead..... Quote Link to comment Share on other sites More sharing options...
Charlieboy Posted August 2, 2014 Report Share Posted August 2, 2014 This is a tricky one and I'm certainly not going to judge, being in debt is not nice, it's easy to get there and hard to get out. it's very tempting when you think you can walk away and start again, and I believe that it's possible that you can when you migrate to the other side of the world. But deep down, can you really walk away Scott free? Would it possibly turn up to haunt you years later when you least need it to? I don't know and it's something I'd always have there in the back of my mind, I'm 4 years in OZ, went from 457 to PR and just passed citizenship test last week and awaiting a ceremony, no plans EVER to return to UK but nevertheless, my UK loan, which I've struggled to pay every month since leaving, will finally be paid off in 2 more monthly payments! So I will take the pledge and then close down the UK bank account as the loan is repaid and literally make a full, clean break! I will agree with comments on here though, the UK banks and lending institutions are their own worst enemy as they give no lee way to migrants who want to repay their debts, they actually make it harder because you're not in the UK, it doesn't surprise me that people get frustrated and just walk away with an 'up yours'...... Quote Link to comment Share on other sites More sharing options...
Kck74 Posted September 10, 2014 Report Share Posted September 10, 2014 Hi All, What about CCJ's? I'd had my credit history messed up by my ex (I was working away, and under the impression that all was ok, doh!) Anyway, we're coming over in a couple of months and after reading thread, this are considering leaving our debts behind. So, let me get this straight, when we touch down in Perth, if we leave the credit cards and my CCJ's behind we're cool? Clean slate as far as the Aussie banks are concerned? Joint mortgage and credit cards possible? Thanks in advance Kev Quote Link to comment Share on other sites More sharing options...
flatpack Posted September 10, 2014 Report Share Posted September 10, 2014 Hi All, What about CCJ's? I'd had my credit history messed up by my ex (I was working away, and under the impression that all was ok, doh!) Anyway, we're coming over in a couple of months and after reading thread, this are considering leaving our debts behind. So, let me get this straight, when we touch down in Perth, if we leave the credit cards and my CCJ's behind we're cool? Clean slate as far as the Aussie banks are concerned? Joint mortgage and credit cards possible? Thanks in advance Kev Absolutely 100% correct, personal debt accrued in the UK can only be pursued through the civil courts in the UK. The worst that can happen is you go home to a load of CCJ's, if you stay in Oz there is nothing they can do about it. Quote Link to comment Share on other sites More sharing options...
Kck74 Posted September 10, 2014 Report Share Posted September 10, 2014 Absolutely 100% correct, personal debt accrued in the UK can only be pursued through the civil courts in the UK. The worst that can happen is you go home to a load of CCJ's, if you stay in Oz there is nothing they can do about it. Flatpack..... Love you No intentions of returning at all, so, I think an interesting conversation with the mrs will be happening soon! As highlighted in previous posts, the banks have screwed us all (and me) for enough over the years, so maybe time to nick a little back, it's an extreme way of bumping a debt, but if we're going anyway, then it's more money in our relocation funds Cheers Kev Quote Link to comment Share on other sites More sharing options...
Arwen Posted September 10, 2014 Report Share Posted September 10, 2014 I honestly couldn't sleep at night if I hadn't have paid off what I owed before I left. That's not judging anyone but I just couldn't do it. Yes the banks have fleeced many but don't we teach our kids that 2 wrongs don't make a right. Perhaps that's just me. Quote Link to comment Share on other sites More sharing options...
Edna Posted September 10, 2014 Report Share Posted September 10, 2014 (edited) I understand, or I think I understand about "getting your own back on the banks" For years we have been fleeced by the UK banking system, charged £20 for a letter to tell you that you are 42 pence overdrawn!! But, I dont think I could do it, debts have to be paid no matter what, they were willing to lend it to me in the first place in my time of need, so I have to give it back becuase they might not be there in my time of need again, ( SODS LAW ), it will always catch up with you, the world is so so small now, internet changed this, Edited September 10, 2014 by Edna been drinking beer on an empty stomach and feeling feverish and ill Quote Link to comment Share on other sites More sharing options...
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