Loans in UK & going overseas permanently.

SweetAs_2

Hi thereDoes anyone know what happens if you leave if the UK and have outstanding debts (loan & credit card) and if you dont repay them, can the UK bank contact a debt collector in the country you are in to reprocess items? Does anyone know what happens?No not something Im planning on doing but just wondering what if (conversation at work)Thanks!

homer_j_3

If its not something you are planning to do, why do you ask the question?

The short answer is yes they can chase you abroad.

Kavanne

Leave money in your UK account to service the Direct debits? I believe this is what a colleague of mine did when he went to live in Australia for 12 mnths.

homer_j_3

The OP was enquiring about the ability to repossess in a different country. I dont think leaving money or any possessions here in the UK is an option in the question asked.

Effectively its stealing.

Kavanne

homer_j wrote: »

The OP was enquiring about the ability to repossess in a different country. I dont think leaving money or any possessions here in the UK is an option in the question asked.

Was hoping they might reconsider their decision to try and skip their debts!

purch

can the UK bank contact a debt collector in the country you are in

Yes they can, and probably will

The other thing to remember is that once the Debt is passed to a debt collector in the overseas country, it will become subject to the laws of that country

Some countries have much more punitive laws on non payment of debts than we do in this country.

Auzelia

question is "How will they find you?"

Its a big bad world out there.

homer_j_3

Sniffer dogs and helicopters if you believe the movies.

There are various trace techniques that can be used.

Not sure how true this is but I saw someone claim on here not so long ago that if it gets to a certain stage, they can (i forget the exact terminology) impound your passport. So whether they courts can request the information on where it was last used, I don't know.

Snooze

SweetAs wrote: »

Hi thereDoes anyone know what happens if you leave if the UK and have outstanding debts (loan & credit card) and if you dont repay them, can the UK bank contact a debt collector in the country you are in to reprocess items? Does anyone know what happens?No not something Im planning on doing but just wondering what if (conversation at work)Thanks!

A lot of bad advice given in this thread. I'm not condoning the action but I do know that they don't persue the debt unless you either:

1. Move to a country that has ties to the one you moved from, eg. moving from England to Jersey or Guernsey will not cut your ties.

2. Open an account in another country with the same bank (or group of banks) that you had your debt with in the UK (they all talk to each other you see).

Rob

Snooze

homer_j wrote: »

Sniffer dogs and helicopters if you believe the movies.

There are various trace techniques that can be used.

Not sure how true this is but I saw someone claim on here not so long ago that if it gets to a certain stage, they can (i forget the exact terminology) impound your passport. So whether they courts can request the information on where it was last used, I don't know.

Urban myth. Sorry to disappoint.

Rob

homer_j_3

no disappointment whatsoever. I understood the reciprocal agreements before hand but I wasn't wanting to be an accessory to fraud lol.

those sniffer dogs and helicopters may come and get me too....:D