The Woodcutter

Friend emigrated to Australia 9 months ago. He borrowed £10,000 from a finance company to pay off various debts before emigrating. He was repaying this at a rate of approximately £340 per month, and has done so for the past year. It will take him another two years to repay the debt.
He has no intention of returning to the UK. What is his position if he stops repaying the debt?

Ian & Sharon

There was a bloke I knew in NZ who paid the mortgage of his house in the UK with a UK visa, he had no intention of paying the out standing balance of his visa card back and did a bunk.He did research prior to this and found out something along the lines of after 7 years if the debt has not been collected its wiped off, I may be wrong

Anyway, I think its better to pay up but thats me

Nu-Shooz

Your brave posting this.
Most on here will tell you to Pay up!! without a doubt.

DrWho

Not going to do any pontificating... Presumably the finance company have his address since he's been paying off this debt whilst in Oz... There exists a reciprocal agreement between the UK and Oz regarding this sort of thing... Under the circumstances he may well be better off paying up... £7k may be viewed as worth chasing if you know where they are, and know you have the law on your side and the means to enforce... Just my 2 cents... Good luck to your mate...

CadburysFingers

He would be a moron, because a. he got into the debt in the first place, and b. If he were to do that, he would eventually be discovered, its a small world these days, especially in IT.

Vim Fuego

So, everyone in debt is a moron? .... jeeez ...

Wendy

Bugger!, we'd all better get rid of our mortgages then or we're doomed to be moron's forever

Ian & Sharon

only 20 years for me..........being a moron that is

midwifetanya

Us too

Kapri

Pollyana

Probably should apply then to a lot of us posting here.

The phrase "let him who is without 'debt' throw the first stone...." comes to mind............

Pollyana

pumpkin blossom

Am I the only person who read that as he would be a moron because he got into debt, and is thinking of not paying, not because he got into debt in the first place???
You guys can be really hard on people sometimes.

noggin

So your mate has been paying this off while he is living in oz? Daft sod! why did he not stop payin as soon as he got to oz? i mean if he intended to rip em off why not do it big style..instead of half way down the line..

Australia_bound?

Is amazing how many people have "friends" like this lol

I suspect the term he has no "intention" of returning to the UK. I don't think anyone has the intention of returning. I'm sure if the debt is of a sufficient amount then they'll try and recover it.