mrsridge

or you could transfer your debt to a new credit card, one with six months interest free, to give you some extra time

mandrew

Mate,having returned from u.s,international debt and also credit (if you had A1 credit) doesnt follow you,as you have to start all over again

treefrog

[/QUOTE]Not necessarily so; many people on here have just walked into branhces - its easier if you do it during the first 6 weeks as they can say your passport has been checked recently so you get more points for it.
I wasn't even asked if I had an account anywhere else, they weren't interested, nor did they want any refernces, statements etc.[/QUOTE]

I am surprised. When I wanted to open an account I had to produce 2 forms of photographic ID and proof of address.

treefrog

"Re : credit statements - we took credit card accounts, paid off loan statements and cleared mortgage statements to show to the *bank* so that we could open accounts, receive a low rate of interest for a loan and proof that we were responsible with credit. We also had documentation to show we had closed the credit card accounts - Oz banks are as sober and conservative as any lending organisation. Once they could see we had a credit history - Oz credit card approvals were given to us.

Within 6 weeks of arriving in Perth we had bank accounts, overdraft facility, credit cards, car loan approval and a mortgage approval, we purchased a house within 12 weeks of migrating - point being *be prepared*..... we were the foreigners and we planned to make it easy for them to want to lend money to us at the lowest rate."

The above is a quote from Odaat on the 'How little money did you emigrate with?' thread.

NB. Have you also considered that defaulting on your repayments could also involve your family in hassle, as a recovery agency might put pressure on them to repay it in your absence? Also it could make great difficulties for whoever moves into your old place when they find the address is blacklisted.

Pollyana

Yeah, you do need the "100 points" of ID - which is why its a good idea to open an account as soon as possible, cos a passport is worth 100 for the first few weeks. However, no one seems to have needed proof of banking history in the UK.

patrickgoldsmith

I think mike should make some kind of arrangemet to pay from oz either by getting a flexible loan as suggested or keeping a live bank account in the u,k to pay at least minimum payments, it may seem like a moral question" wait hold the phone i have just answered the phone to be told capital one who i have a card with that i can have a loan to pay it off with" coincidence or big bro in action?? i could have easily said yes ten grand would be gr8 right now but just put the phone down you lot can decide on the relevance. The question for me is do you need the money that badly mike, i don,t know if i have enough to get me settled in oz and i sympathise if you are short but i am sure there is some way of transfering the debt, and paying from oz even taking a payment break, just be careful whatever you decide.
I,d like to know how much you had to leave with above ten grand before i made a moral judgement.