Taking out a loan and then emigrating?

onlypaddy

GEEGEE8 wrote: »

Sorry, I didn't realise it was Yes loans, until late yesterday.

But the question still stands as they may offer her a smaller loan, and also she has a 4,000 bank loan that will be outstanding, 800 overdraft and 100 credit card. So, the answers are very helpful for those too.

Yes loans will not offer her any loan at all - they will take the £60 admin fee and she won't hear from them again. They're a scam company.

The responses already offered still stand for her outstanding debts, she will be easily found and effectively 'blacklisted' in Aus and as a previous poster has said, practically every other developed country!

50quidonRED

i hope your "friend""not you" gets caught well a good 12 months banged up sounds about right for this crime

GEEGEE8

I can assure you I'm not asking this for me.. I'm off to Uni in a week and moving in with my boyfriend, it's for a close family member, which is why I know the ins and outs of it all.

I don't agree with it, but I want to make sure they know all of the facts.

If Yes Loans won't give her anything then I guess that is the best thing all round really.. I've tried to convince her to do the right thing and keep paying it off whilst she travels/works.

Also, I've been made bankrupt, so it's definately not for me, as no-one would give me a loan!

RobertoMoir

This is quite amusing in a sad sort of way. If someone tries to pull a con by not paying back a scammer who won't lend them the money in the first place, then has anyone actually done anything wrong?

Ghostrider

Its quite possible that should your friend be silly enough to carry out fraud of this nature then she could also be ejected from Australia. Bad debts are not a criminal offence, but should the loan company, the bank providing the overdraft, the credit card company etc have reason to believe that she just upped and left with no mind to tell them and stopped payment to service her debts then they will consider it fraudulent, especially once they find out she has emigrated rather than just gone on a holiday for a year and applied for a £15k loan just before she left.

As for weather she'll be found or not, well I can tell you now, if the loan company/bank etc have reason to believe she's left the country then they will very easily be able to check with UK immigration. Immigration checks will confirm she traveled to Australia and hasn't returned, so then a check with the Australian embassies will show she's got a long term visa and possibly even applied for residency, this information will be enough for the Australian Govt to track her down and will also be evidence enough to prove she had little intention of coming home and facing her debts.

If she is charged with fraud then the likelyhood is she'll have her visa revoked and be kicked out of the country or do time in a prison in Australia and the Australian Govt. are very unlikely to ever let her in again even on a holiday. If she is lucky enough to be sent back to the UK to face charges, she could end up with a criminal record as well as being declared bankrupt.

In short, I really wouldn't do this, you could end up in a nasty horrible place.

KiKi

Just to add what other posters have already said...

I lived in Australia for a while. They are VERY on the ball when it comes to unpaid debt, tax and income from other countries, particularly the UK where they have fully reciprocal tax / income / debt agreements. UK debt agencies are able to reclaim debts through attachments of earnings from Aus and NZ salaries if they want. It is absolutely frowned upon, and may well be in breach of their visa terms and conditions (which are also extremely thorough), which could result in expulsion from NZ and a refusal of any further visas, even for a holiday.

If you are running from the UK because you don't want to be found, Aus and NZ would be joint number one of countries not to go to. They have particularly cracked down in the last few years because of high levels of immigration.

Any bank or loan company would have no problem proving they had no intention of paying it back; if they are moving to NZ next week they will already have a visa in place allowing them to work for at least a year, most likely one which they will have applied for some time ago, and probably a conditional visa (which demonstrates intention to stay in the country).

They may well end up back in the UK within the year, so if living in NZ is their dream, they might wreck it by doing something so silly as this. What a waste.

KiKi

hullight

I don't think I'd like to be a friend of someone who thinks it's ok to steal £15,000...

GEEGEE8

hullight wrote: »

I don't think I'd like to be a friend of someone who thinks it's ok to steal £15,000...

It's my sister, so I will stick by her whatever.

I'm just trying to show her what a bad idea it is and how it is going to bite her in the bum..

It looks like to loan offer was a sham anyhow, so that's good.. but she is still planning on ditching her current £4,000 loan which she has had and paid fine for the last 3 yrs.

I just hope she doesn't regret it, she will be going for residency either Aus / NZ or even Canada.

Typhoon2000

If she is a nurse this (obtaining a loan with no intention to pay it back)sounds like a sure fire way to be struck of the profesional register, which will mean she wont be able to work in Australia as a Nurse anyway.

GEEGEE8

Typhoon2000 wrote: »

If she is a nurse this (obtaining a loan with no intention to pay it back)sounds like a sure fire way to be struck of the profesional register, which will mean she wont be able to work in Australia as a Nurse anyway.

This is what I'm worried about.

I don't think she is getting this loan now, it's all been a con from Yes loans, thank God!

But I'm worried about the fact that she is going to stop paying her loan that she has had for 3 yrs already, there is £4,000 left on it. Also a credit card with £100, and an overdraft of £800. She is with HSBC, and I've looked into it and they are also based in Australia, so how is this going to work?

I'll tell her what I find out, but I can't do much more, just hope she doesn't mess it all up for herself..