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I have a loan and Im moving abroad

Chris08_2
Chris08_2 Posts: 2 Newbie
in Loans
Hi all

Im moving abroad next august to teach in america. I have a loan tho which is £200 every month for the next 3 years.

Does anyone have any advice. Would the bank put my loan on hold for the year until I return to the UK?

Any advice accepted

Comments

  • chilli_dog
    chilli_dog Posts: 843 Forumite
    They wont freeze it. You will have to keep a uk bank account and keep enough money in it every month to keep paying it.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Or you pay it back before you go.
  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    Chris08 wrote: »
    Hi all

    Im moving abroad next august to teach in america. I have a loan tho which is £200 every month for the next 3 years.

    Does anyone have any advice. Would the bank put my loan on hold for the year until I return to the UK?

    Any advice accepted

    If you're moving out there permanently and never returning to the UK I know what I'd be tempted to do! :D;)

    <runs for cover>

    Rob
  • chilli_dog
    chilli_dog Posts: 843 Forumite
    surely you mean pay it off rob?
  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    chilli_dog wrote: »
    surely you mean pay it off rob?

    Absolutely ! :rotfl:

    Rob
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