Debt free:Moving to China

TheGonza

So as title says will be moving to china soon, no intention of comming back. I have no debt currently...But I have an evil genius idea. Since I got some time before i move out the UK....I was wondering If I for instance got as many payday loans and anythign else I could find below 10k before I leave.....and live in china... and not pay it back. I have no assets in UK...until people die (scary realisation I have future dead family will assets)

Would they really track me down in china? Would I even receive a letter, how would they know where i lived? MUHAHAHAHAHAHAHA ...........it'll work right? No morale cruisaders just facts please. will it work?

dealer_wins

The possibility that it doesnt work out in China and you come back to a world of do do.

CKhalvashi

It could also potentially be viewed as fraud.....

pvt

This is not a forum where you come for advice about how to commit fraud.

China sounds like exactly the right place for someone with your morality to be domiciled.

redpete

TheGonza wrote: »

No morale cruisaders just facts please. will it work?

OK, I won't comment on your morale but your morals stink.

Will it work? I really hope not and that you have some urgent need to return to the UK sometime in the future, get stopped at the border and reap the just rewards of your fraud.

Maybe I'm taking the troll bait but anyhow good riddance and goodbye.

jaydeeuk1

Suppose its no worse than health tourists who then sod off back home without paying. I'll humour you though. No, they won't track you down, their business model is made up from the expectation that a large percentage of customers won't or can't pay it back. But should you return hoping to get a slice of inheritance you may find you'll lose far more than if you had just paid up.

Plus if you're living at home or something, do you really want debt collectors harassing your elderly parents or making out that they'll have to pay your debt?

[Deleted User]

TheGonza wrote: »

So as title says will be moving to china soon, no intention of comming back. I have no debt currently...But I have an evil genius idea. Since I got some time before i move out the UK....I was wondering If I for instance got as many payday loans and anythign else I could find below 10k before I leave.....and live in china... and not pay it back. I have no assets in UK...until people die (scary realisation I have future dead family will assets)

will it work?

Why? Got me intrigued


How would you get around the 2 out of 10 that are the only ones being given a payday loan? Times a changing and you'd only be hurting the wrong people, seriously


As bad an idea as those who think they due compo when lying
once upon a time to receive these loans, when really if the lenders had said no sooner like they are today they would just have gone bankrupt (that's both borrower and some cases lender) of course no-one see's it like that :cool:


Look up Affordability it's why half the nation won't be borrowing anytime soon!

CHR15

Good riddance

TheGonza

So I noticed allot of people cant really get past the morality thing, but in all honesty moving to china because the pay is allot better than in UK, so is cost of living thinking of starting up a few businesses there so Just alittle caveat to the people, If I do become wealthier, of course I'm eventually going to pay it back if I come back to UK, which is likely I guess for visits and if anybody dies, so I will eventually pay. but I'm looking at this from the meantime as a boost and safety net before I leave is all........Conservatives was the last nail in my UK coffin, If I'm going to have a corrupt government may as well be affordable and more honest about it . (NHS will be sold off by the time I get back I imagine)

Also I'm living in a rented apartment so nobody should be knocking my mothers door I hope.

So can we get back on topic will I not be hassled or tracked down? and what amount of debt would they likley try and track me down in china for. Alittle worried if they sold off my debt to local chinese debt collection agencies

tonyh66

You can't even spell business, never mind set one up..... :rotfl:

TheGonza

Actually have my Bachelours Degree in Business Adminstration
It's how Im able to get a work visa in china.

spelling mistake is all.