Emigrating & Repaying Debt

The_Boss

I wonder if this thread can be kept and the person traced by their ISP number so that the relevant financial bodies can be warned that they are about to abandon their commitments for no good reason.

gamma

Please can you maybe give them a break - why on earth is everyone so uptight?

The Boss - what a lame comment you are making with the ISP issue etc etc and I'm not even going to elaborate on any other flame type comments.

To the original OP - If you are able to live with yourself and try and start a new life in Australia then I don't think what anyone over here says will change your mind.

I don't think that you would be hunted down in Australia to be honest, but then again who knows - so I very much doubt anyone would be able to give you an informed answer, we are all just speculating and some imaginations are really running wild!

M_Thomson

gamma wrote:

Please can you maybe give them a break - why on earth is everyone so uptight?

Er, We are not uptight. What you seem to be doing along with the original poster is advocating fraud.

gamma wrote:

The Boss - what a lame comment you are making with the ISP issue etc etc and I'm not even going to elaborate on any other flame type comments.

I think The Boss makes a valid point actually.

avondale

Just an example of what happened to an acquaintance shall we say. He went abroad down under to start a new life and left considerable credit card debts behind him. He had to return to the uk for a family commitment, upon returning he was nabbed and ended up doing a prison sentence. So at the end of the day it's your choice but just remember it's theft and a large financial value could result in you doing a nice stretch somewhere.

tipsychick

M_Thomson wrote:

Tipsychick, I can't believe that you posted the comments above. The original poster should be ashamed of themselves for even considering what they are doing and you should be ashamed of yourself for writing the post above.

On dear! :eek:

Frankly, I don't see why I should incur your indignation. I was very careful not to condone what the OP is considering and nothing I've posted is illegal in any way.

I feel that ultimately, morally, the decision is hers and her husband's. Afterall, none of us know their personal circumstances.

gamma

Good luck in finding ' the isp number ' as you would probably be better off looking for an IP Address. This even could possible turn up a dead end as IP addresses change if you're on dial up and most broadband services - unless you specifically choose a static one.

sdj25

gamma : you're right - they do change, but you also have a time stamp & date - so given the IP address it wouldn't be hard to track the person back. but that's another story for another day.

With regards to the ditching your debt: If you would be happy to walk into a bank & rob them of X amount of money & walking out - then do it, if you would never dream of doing that, then don't do it.

I, for one, couldn't steal money off anyone. Company or Person!

sammyjammy

People don't go to prison for credit card debts actually, if none of these debts are secured on the property then it just cannot happen.

What I don't understand is you must be making repayments on the debts at the moment, I don't get why you cannot continue to do so, keep a UK bank account ,set up DDs for the amount you can afford to repay monthly and transfer funds into the account on a monthly basis.

Its not really a case of pay up the lump sum or don't pay at all, there are other options.

Good luck with your new life whatever you decide to do.

Sam

Voyager2002

avondale wrote:

Just an example of what happened to an acquaintance shall we say. He went abroad down under to start a new life and left considerable credit card debts behind him. He had to return to the uk for a family commitment, upon returning he was nabbed and ended up doing a prison sentence. So at the end of the day it's your choice but just remember it's theft and a large financial value could result in you doing a nice stretch somewhere.

I don't believe this. Failure to pay your debts is a civil matter; you don't go to prison for such things, unless your efforts to cover your tracks involve committing fraud or something.

Voyager2002

sammyjammy wrote:

What I don't understand is you must be making repayments on the debts at the moment, I don't get why you cannot continue to do so, keep a UK bank account ,set up DDs for the amount you can afford to repay monthly and transfer funds into the account on a monthly basis.

Its not really a case of pay up the lump sum or don't pay at all, there are other options.

Presumably their income in Australia will be in Oz dollars, which have a very low value against the pound. So making the current payments would involve giving up a larger proportion of their monthly income.

However, as you say there are a whole range of possibilities between defaulting and paying in full. The OP should be careful not to discuss the question with creditors before the house sale goes through: it would be easy to take a charge on their house, forcing repayment before anything else could happen.

Just a thought, but would the OP intend to get a mortgage to buy a home in Australia? If so, presumably good references from UK lenders would be essential since they won't have any credit history in Australia. And in that case, default on UK loans would be a very bad move.