Leaving UK Debt Unpaid - A Warning
#76
Re: Leaving UK Debt Unpaid - A Warning
i have a question for the other way round, we came here 2 years ago, and luckily we paid our debts off, the child tax credit people over paid me so i'm still paying that off, unfortunately i have no work anymore and we cant afford to live here so we have just sold house and have enough to pay for fees, flights and to pay the credit card off over here my only problem is the car, it has been up for sale for weeks now and nothing and as its on finance i really need to sell it and pay money back, is there an option for handing the car back in to the finance company and wat happens to the remaining couple of thousand we will probably owe due to the de value of car as we will have nothing left, im losing sleep over this as i dont want to leave a mess behind, please no lectures just friendly advice as i want to do the right thing
Perhaps someone might desire to take over the payments/agreement from you? In affect the premium they would pay (difference between market price and total amount of payments) is the same if they went to a dealer looking for same finance?
Have you tried Ebay? (you can fix a bottom price so it wont go for a $)
Have you spoken with the dealer you bought the car off?
Have you spoken with the finance company?
What sort of work do you do that has run out? Have you thought of another state? even if on temporary basis?
#77
Re: Leaving UK Debt Unpaid - A Warning
Is there anyone out there who can advise this poster please as they are clearly concerned?
Sorry mate, I can't help answer this as I've no idea but good luck with what seems to be horrible circumstances. It sounds like you're going through tough times. I wouldn't wish this on anyone. All the best.
Sorry mate, I can't help answer this as I've no idea but good luck with what seems to be horrible circumstances. It sounds like you're going through tough times. I wouldn't wish this on anyone. All the best.
Here http://www.debthelpline.com.au/ would be a good place to start
#78
Re: Leaving UK Debt Unpaid - A Warning
Thanks for the advice, we only have 3 weeks left here as flights are booked to the uk as we have work there ive advertised car everywhere its a holden astra 2005 good little car paid 21 grand for it 18 months ago and owe 16 grand.
#79
Guest
Posts: n/a
Re: Leaving UK Debt Unpaid - A Warning
my only problem is the car, it has been up for sale for weeks now and nothing and as its on finance i really need to sell it and pay money back, is there an option for handing the car back in to the finance company and wat happens to the remaining couple of thousand we will probably owe due to the de value of car as we will have nothing left, im losing sleep over this as i dont want to leave a mess behind, please no lectures just friendly advice as i want to do the right thing
As a last resort, they would take it, but only allow a low value for it, with you being liable for the balance.
You should check the redbook value for it, looking at the lowest Trade In Price, as that would probably be the best you would be allowed. Then try to sell it for anything above that price.
I have just looked at one 2005 model and saw these prices:
- Private Price Guide $12,400 - $14,200
- Trade In Price Guide $10,100 - $11,900
In all likelyhood they will not chase you for the final balance if they do not know where you are, but they would probably appreciate you paying it off, over time, if you can.
#80
BE Forum Addict
Joined: Jan 2007
Posts: 3,991
Re: Leaving UK Debt Unpaid - A Warning
I wish i had known this before i made paying my UK credit card off a priority - or maybe i dont least my conscious is clear but the money would have been nice here considering i dont foresee a trip back to uk for at least another 3 years
#81
Forum Regular
Joined: May 2009
Location: Brisbane
Posts: 257
Re: Leaving UK Debt Unpaid - A Warning
Can they claim for added interest because your friend could be owing quite a bit if compounded over 5 years. They surely would be able to catch you if and when you return to the UK???
#82
Re: Leaving UK Debt Unpaid - A Warning
Debt written off after 6 years regardless of interest added. Only way they could find out if you were back in the UK during this period would be if you applied for credit or went back onto the electrol roll. If after the 6 year period or 5 in Scotland if theres been no admitance of the debt then it becomes Statute Barred and is unenforcable regardless of how much interest has been accrued.
#83
BE Forum Addict
Joined: Jul 2004
Location: Adelaide
Posts: 1,090
Re: Leaving UK Debt Unpaid - A Warning
Talking of unpaid debt - my sis works for a very large credit rating firm that works very closely with the government on child tax etc. She told me that the British government are now setting their sights on unpaid student loans and are setting up offices in Australia,New Zealand and South Africa to track down immigrants who have student loans. Will make for interesting reading.
#84
Re: Leaving UK Debt Unpaid - A Warning
I think the poster needs to start to do some research as not many people here know much about the Australian debt system only the UK one.
Here http://www.debthelpline.com.au/ would be a good place to start
Here http://www.debthelpline.com.au/ would be a good place to start
#86
Re: Leaving UK Debt Unpaid - A Warning
Talking of unpaid debt - my sis works for a very large credit rating firm that works very closely with the government on child tax etc. She told me that the British government are now setting their sights on unpaid student loans and are setting up offices in Australia,New Zealand and South Africa to track down immigrants who have student loans. Will make for interesting reading.
It was never seen through. I suspect a few MP's had children on OE
#87
Re: Leaving UK Debt Unpaid - A Warning
If it has been served before you've left then I think it us then a civil matter, and enforcable, pesky can tell you for sure!
#89
Re: Leaving UK Debt Unpaid - A Warning
A new CCJ cannot be enforced or issued for anyone living outside of England or Wales. As for Scotland or NI I do not know.
Taken from the website of the 'CCJ factory' which is Northampton County Court
The Centre will not issue any of the following types of claim –
(1) a claim against more than two defendants;
(2) a claim against two defendants where a different sum is claimed against each of them;
(3) a claim against the Crown;
(4) a claim for an amount in a foreign currency;
(5) a claim where either party is known to be a child or protected party within Part 21;
(6) a claim where the claimant is a legally assisted person within the meaning of the Legal Aid Act 1988;
(7) a claim where the defendant’s address for service as it appears on the claim form is not in England and Wales;
(8) a claim which is to be issued under Part 8.
#90
Re: Leaving UK Debt Unpaid - A Warning
Talking of unpaid debt - my sis works for a very large credit rating firm that works very closely with the government on child tax etc. She told me that the British government are now setting their sights on unpaid student loans and are setting up offices in Australia,New Zealand and South Africa to track down immigrants who have student loans. Will make for interesting reading.