Can't pay back loan. What happens?

Aled111

Hi, can't pay back my loan, moving abroad permanently. Whats now? Thanks for answers

Keep_pedalling

Why can't you continue to pay it off when you move?

somethingcorporate

If you plan to come back you should talk to your lender(s).

andyfromotley

1. Do nothing.

2. Post on here in three years when you return saying how you cant get credit and DCA's are making your life a living hell over unpaid debts from 'years' ago.

That seem to be the normal sketch for people in your position.

Aled111

Yes can't pay then move

Caz3121

you have not provided enough information
have you taken a large loan to fund a new life abroad with no intention of paying it back?
have you been paying a loan for x years with y months left to pay but you are moving to retire abroad, do not intend to work, will have no income so will not be able to afford the current payments?
Have you spent your money on flights, moving costs and have decided that if they cannot chase you, you will happily just disappear and shaft the lender?

moving outside the EU? Ever planning on coming back for a visit?

Clive_Woody

The Interpol representative will be along shortly to explain how the extradition process works.

Please confirm which country you will be moving to?

Aled111

Interpol? Stop joking. i have 9k no intention to pay back. Going to Germany. Not coming back to UK

CLAPTON

Aled111 wrote: »

Interpol? Stop joking. i have 9k no intention to pay back. Going to Germany. Not coming back to UK

presumably you are german citizen or have right of abode otherwise you may find you have no right to stay after brexit.

redpete

Aled111 wrote: »

Interpol? Stop joking. i have 9k no intention to pay back. Going to Germany. Not coming back to UK

I have no intention to help you duck out of paying what you owe. Not wanting you back in the UK.

jonesMUFCforever

Joined today.................Is it a feasible story...............Danish purple doll springs to mind.