Geelong Gent

Really? You have a masters in product/service costing to determine this?

Reality is bad debt is included in the costing of all products and services. The increasing rate of which changes the rate you pay.

For our banking clients this has had to be "reviewed" on a monthly basis since Sept 08. Something used to be done annually.

ABCDiamond

Even if it is written off against tax, they only get the tax rate amount back, so maybe $300 on a $1,000 debt. That still leaves $700 to be passed on to all the other customers, like you and me, to pay on behalf of those that don't.

Dorutland

Hi All,

If you declare yourself bankrupt in the UK three questions:

Can they take Aus earnings into account?

Can they take Aus assets into account?

If you say nothing, does it affect your Aus credit rating?

Many thanks peeps!!

nickyjohnt

I think you should re-think about what you just quoted!!! Do you really think the financial instutions swallow up all these debts. I'm sure the share holders would love that. Would you happily pay these insurance policies out of you pocket..... i doubt that very much
It is passed on to every one else not just written off

kar-kier

No
No
No, if you don't tell them, BUT that will mean telling out right lies, as you are asked when opening accounts, mortages etc!

jasonlec

Am amazed peeps on here tell everyone about their money probs, paying off debt etc.
Speaking as a multi millionaire I just dont get it.
Dont get the child support bit either, if you dont live with the kid why should they have to pay out?

sonlymewalter

That's some helluva electrical work you've done there mate

jasonlec

Real name is NG Bailey

sonlymewalter

Carry on telling porkies like that and you'll end up in the Old Bailey

Actually, you'll do well here

jasonlec

Janna and Nick

I do hope you are joking on this one....

Geelong Gent

http://www.nzherald.co.nz/nz/news/ar...ectid=10585507

Out of interest recent changes in NZ likely too flow through to Oz

Geelong Gent

Copper wire prices

goldchoccycoin

Regarding the Stduent Loan thing (Perksy?), I have 3 student loans 1996, 1997, 1998. I'm currently paying them off and will continue to do so as I am grateful for a good education and luckily can afford it with no real issues (mostly due to a good job directly related to a good education!)...

but! Totally theoretically, if I decided to close the UK account I pay out of (direct debit agreement signed in 1996) they have no way of making me pay?

My loans (luckily) are fairly low as I was able to receive the grants at the time. I do however have friends whose loans are now around the 7500quid mark. Can they just leave them? Surely there is some come-uppance? Or is it truly as simple as closing UK account and staying out of UK for 5 years?

If this is the case I'm amazed that the SLC can miss out on so much cash!

Just to reiterate to anyone who feels morally outraged, I won't be doing this - I am only a few hundred quid from paying it off. And as I have family in the UK it's just not worth having that hanging over me as I may have to one day move back - anything can happen.

sr71

Can't see that having much effect, I think one of the companies in the UK does this (Equifax) and then charge you to see your score.

The reality is this is just a money making exercise by the credit reference agency, they are creating a product that they hope there will be a demand for. They are not actually providing any additional information. How many times you have applied for credit, with who and any judgements/defaults is already available to anyone doing a credit search - they are just relating this to a score and selling it for more money.