Originally Posted by rugbymatt

I think that the only way you could do this is by applying for personal bankruptcy that way they have to accept a settlement, otherwise I'm pretty sure that their attitude is, " you spent it, you pay it"
From what i understand if there hasn't been a court case or judgement against you they will find it hard to recoup their money from OZ, if however there has been then they have the right to pursue it anywhere.

Just to note, if its the credit card company then they are bound to have either partners in OZ or are trading out there, in which case, the second you apply for a mortgage, or even a phone they will know!


Another note about the personal bankruptcy is that while it only lasts a very short time the myth that your clear after it is just that, a myth. They may well keep coming after you 'till they get whats owed. I stress the word MAY.

Originally Posted by CathnPaul

With Bankruptcy it depends if all the creditors agree on the offers made. They applications dont always come off. Sorry this was from the beginning of the thread and just picked it up.

Originally Posted by marcbolam

To the leavers of debt - please wake up and smell the coffee - get your debt paid before you leave the UK - or if you dont, stay away once you go, we dont want your type here.

Or do you not have a thought for the people that you leave behind - rellies, friends and the like? we have to mop up your selfish acts by absorbing higher taxes to cover your deceit !!!

Originally Posted by CathnPaul

are you aiming that at my reply, marcbolam?????

Originally Posted by stuckinblighty

Has anyone had any experience coming to a settlement figure on credit card debt.for example if i owe £10,000 would they except a 'take it or leave it' settlement of £5,000 ?Would this have any effect on your credit rating in here or in Aus ?
Any info greatly appreciated
lee

Originally Posted by CathnPaul

With Bankruptcy it depends if all the creditors agree on the offers made. The applications dont always come off. Sorry this was from the beginning of the thread, just picked it up.

Originally Posted by rugbymatt

Thats ok. I only have a "bit" of a handle on this because a very close friend got into a massive amount of debt and she just couldn't tell her folks, couldn't tell her OH and came to me for help, we both went to the CAB and i helped her through it. Luckily she received a settlement from nearly everyone, one credit company did tell her that she may have to face them when she is out of it but she is a lot more optimistic now.




And to the person who posted that you dont want their sort in the UK get a grip!

Originally Posted by CathnPaul

I wouldnt promote CAB, there are other management free companies who can get stuff in place a lot quicker than CAB can. The free companies are also available 8am - 6pm 6days a week, whereas it can be a nightmare even getting an appointment with them.

Originally Posted by rugbymatt

Never a borrower nor lender be!

Originally Posted by stuckinblighty

Thats a great piece of advice mate,unfortunately its bloody hard to save up enough money to buy a house even where i live !!

Originally Posted by rugbymatt

Yeah been told that a couple of times funnily enough.

It has all been sorted now so all cool, she has very little time to run on her PB and she has used the time wisely and worked her arse off, she is now in a position to pay whats owed if the other company come after her for more.

This is why i have never had a credit card and refuse any that land on the door mat.

Never a borrower nor lender be!

Originally Posted by CathnPaul

Unfortunately I had to borrow - I needed a mortgage. lol!! but its all paid off now and clear. One thing from around our necks thankfully. Just not sure if we want to sell up or rent it out when we move to oz. The decision will be made by xmas I think anyway.

Originally Posted by rugbymatt

Before i get jumped on by the hordes i have to say i dont have a judgement on people who do borrow! If i did my friend would never have come to me for help advice and a shoulder to lean on, its just not for me, thats all.

Originally Posted by CathnPaul

no I agree, you sound a good friend and someone she/he will be greatful to be able to turn to. you are entitled to your opinion x