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Debt in two countries
Comments
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What is the interest rate on the debts and any reason why he has to bring all the debts to one loan?
Money transfer credit cards then balance transfer them moving forward maybe an option.
Score is meaningless, whats his credit history like?
His options are to pay more money into the highest rate debt first.0 -
Well debt from portugal cannot be enforced in the UK, as its a very long winded, expencive and complex process to chase debt abroad, which is why, unless we were talking millions here, they simply don`t bother.However it appears your "freind" is leaving a trail of debt behind them, and without knowing all there income/expenditure, how much money they owe and to who, then its impossible to give specific advice, as there are far too many variables.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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elyse3112 said:Hello,
I am trying to get my friend some help, he has about 11k in debt most from Portugal but some in the uk where he now lives and works... he has had no luck trying to put all his debt into one loan, his credit score is very low. What are his options? ThankyouI don't see him getting a loan when he already has debts.He needs to look at his spending and cut back.What are the debts you refer too ?
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