Moving abroad and leaving unsecured debt

studly1_uk

Im currently on a debt management plan for debts of around £30k. In reality it will take a lifetime to pay this off as some creditors, Natwest in particular, refuse to stop adding interest! I have kept up all payments for the 2 years that I have been on this.

Ive now got to the point where I have had enough of this situation where the banks are taking everything I have spare a month. The debts were run up by my ex in my name (or joint names (£15K)). Im moving abroad this year to outside of the EU for good. Im leaving the debts in the UK as they are all unsecured (credit cards and overdrafts). My conscience is clear with this as the banks have no morals and I have no sympathy for them having been harrassed by them for years (10+ phone calls a day at some points including weekends at 7:30am-11pm). They have continued this behaviour even when on the dmp.

Because of this behaviour they no longer have my previous or current address in the UK or my landline telephone number. I get my post redirected.

My question is the following:
What will likely happen when I stop making payments?

I have read conflicting information on various other forums on this. My belief is that they will put a GAIN record on my credit file and continue to spam my old address. After 5 years of hearing nothing the debt will become statute barred.

Alternatively, they could try to take me to court and apply for a CCJ. Is this possible given I won't be in the country? Could this also lead to bankruptcy?

Another alternative is they try to pursue me abroad selling the debt to private debt recovery firms?

Could anyone shed some light on this and tell me what the truth is?

Ive tried using the CCCS and a debt management plan is unrealistic, they dont advise an IVA. Ive tried doing this the proper, moral and legal way and it doesnt work so balls to them all as far as Im concerned. Please can someone give me the factual answers on the above as the time for having morals on this situation has long past.

I have no plans on returning to the UK so couldnt care less what they do to my credit record over here. Its already been destroyed by the banks putting defaults on it from going on the dmp.

redpete

Bye, shame we've not had longer to get to know you.

de1amo

i rented out a property to a foreign student from ubekistan= from the mail there seems to have been a whole nest of them by the end- they racked up the debt and are being pursued by the banks etc-i just 'return to sender' the pile of warning letters and they will go on chasing forever because they have gone abroad taking the money with them==as i see it there is little they can do if you have no assets in this country and your not coming back-baliffs have been to my address but they go away etc

housebuyer_abc

studly1_uk wrote: »

Im currently on a debt management plan for debts of around £30k. In reality it will take a lifetime to pay this off as some creditors, Natwest in particular, refuse to stop adding interest! I have kept up all payments for the 2 years that I have been on this.

Ive now got to the point where I have had enough of this situation where the banks are taking everything I have spare a month. The debts were run up by my ex in my name (or joint names (£15K)). Im moving abroad this year to outside of the EU for good. Im leaving the debts in the UK as they are all unsecured (credit cards and overdrafts). My conscience is clear with this as the banks have no morals and I have no sympathy for them having been harrassed by them for years (10+ phone calls a day at some points including weekends at 7:30am-11pm). They have continued this behaviour even when on the dmp.

Because of this behaviour they no longer have my previous or current address in the UK or my landline telephone number. I get my post redirected.

My question is the following:
What will likely happen when I stop making payments?

I have read conflicting information on various other forums on this. My belief is that they will put a GAIN record on my credit file and continue to spam my old address. After 5 years of hearing nothing the debt will become statute barred.

Alternatively, they could try to take me to court and apply for a CCJ. Is this possible given I won't be in the country? Could this also lead to bankruptcy?

Another alternative is they try to pursue me abroad selling the debt to private debt recovery firms?

Could anyone shed some light on this and tell me what the truth is?

Ive tried using the CCCS and a debt management plan is unrealistic, they dont advise an IVA. Ive tried doing this the proper, moral and legal way and it doesnt work so balls to them all as far as Im concerned. Please can someone give me the factual answers on the above as the time for having morals on this situation has long past.

I have no plans on returning to the UK so couldnt care less what they do to my credit record over here. Its already been destroyed by the banks putting defaults on it from going on the dmp.

It all depends on how much you mean "never returning to the UK". If you mean never again setting foot on UK soil you may just get away with it.

However if the debt goes to court and you get summonsed (or ordered to pay) and don't then an arrest warrant can be issued for ignoring a court order.

At this point whenever you show your passport at the UK border you'll get hauled into the little room to explain yourself and possibly get some cheap accomodation for an extended holiday.

So down to you - if you never need to be in this island ever again you'll probably be okay - otherwise - I'm not so sure.

And as you are on a DMP doesn't that mean you've already accepted the debt and therefore it can't be statute barred - or am I wrong here?

scottishblondie

It also depends where you go. Some countries have an agreement with the UK to enforce orders such as CCJs etc.

chattychappy

Yes, increasingly judgments can and are being enforced overseas including outside the EU.

Degenerate

Why not bankruptcy? Do you have assets?

Orrin

Another thing to consider is are you planning on obtaining credit in this new country? My experience of taking out a mortgage abroad was that while they weren't able to do a UK credit check they did require me to get a report from experian myself.

studly1_uk

housebuyer_abc wrote: »

It all depends on how much you mean "never returning to the UK". If you mean never again setting foot on UK soil you may just get away with it.

However if the debt goes to court and you get summonsed (or ordered to pay) and don't then an arrest warrant can be issued for ignoring a court order.

At this point whenever you show your passport at the UK border you'll get hauled into the little room to explain yourself and possibly get some cheap accomodation for an extended holiday.

So down to you - if you never need to be in this island ever again you'll probably be okay - otherwise - I'm not so sure.

And as you are on a DMP doesn't that mean you've already accepted the debt and therefore it can't be statute barred - or am I wrong here?

How can you be summonsed to court if you are not in the country? Where would they send the summons to if they dont have a current address for you?

studly1_uk

Orrin wrote: »

Another thing to consider is are you planning on obtaining credit in this new country? My experience of taking out a mortgage abroad was that while they weren't able to do a UK credit check they did require me to get a report from experian myself.

Ideally I wouldnt look to obtain any major credit like a mortgage for at least a year, building up a new credit record through a smaller credit agreements such as a mobile phone contract.

[Deleted User]

studly1_uk wrote: »

Where would they send the summons to if they dont have a current address for you?

To your last known address.